Australia’s three biggest philanthropic foundations gave out $585 million last year, making up almost half of total spending by the top 50 givers.

Andrew and Nicola Forrest’s Minderoo Foundation placed at No. 1 on the Financial Review Philanthropy 50 list for the first time, spending $225 million. Minderoo was followed by Yajilarra Trust, established by MYOB founder Craig Winkler and his wife, Di, and the Paul Ramsay Foundation, which was set up after the billionaire died in 2014.