Australia’s philanthropic sector remains robust with the nation’s 50 largest donors giving a total of $459.2 million in 2016/17, according to figures compiled by compiled by The Australian Financial Review and JBWere.
The second annual Philanthropy 50 list, which will be published in the May issue of AFR Magazine on April 27, lists the nation’s 50 largest private givers, including philanthropic trusts, foundations, FAPs, bequests and private individuals.
The list reveals a fall in the total value of gifts from $470 million in 2015/16, although that figure was buoyed by an unusually large number of deceased estates. Excluding one-off bequests, the value of gifts increased from $403 million in 2016 to $455 million in 2017.
Not surprisingly, the Paul Ramsay Foundation retained its position as Australia’s largest private giver, with its donations for the year totalling $83.1 million.
The Foundation, which was launched with a $3 billion bequest from businessman Paul Ramsay in 2014, primarily focuses on innovation in health and education, along with capacity building in the not-for profit sector.
Claiming second place was the Ian Potter Foundation, which donated a total of $35.4 million ahead of a strategic shift in focus that includes providing multi-year operational funding to key organisations in target sectors and building the human capital of nonprofits.
Rounding out the top five positions on the list are Graham and Louise Tuckwell ($30 million), the Minderoo Foundation ($18.7 million) and the Lowy Foundation ($18 million).
The cutoff for the list was $3.3 million, up 10% on the previous year as a result of the strong market performance of PAFs over the past 12 months.
|Rank||Foundation||Total gift value ($M)|
|1||Paul Ramsay Foundation||83.1|
|2||Ian Potter Foundation||35.4|
|3||Graham and Louise Tuckwell||30|
|7||Susan and Isaac Wakil Foundation||14.7|
|8||Myer Foundation and Sidney Myer Fund||13.3|
|9||Packer Family foundations||10.3|
|13||Vincent Fairfax Family Foundation||8.8|
|14||Sylvia and Charles Viertel Charitable Foundation||8.5|
|16||Barry and Joy Lambert||7.6|
|19||Hansen Little Foundation||6.5|
|21||Greg Poche and Kay Van Norton Poche||6|
|23||McCusker Charitable Foundation||5.5|
|24||William Buckland Foundation||5.2|
|25||Collier Charitable Fund||5|
|26||Brazil Family Foundation||5|
|28||John and Myriam Wylie Foundation||4.9|
|29||Stafford Fox Medical Research Foundation||4.9|
|30||Peter and Lvndv White Foundation||4.8|
|31||Ernest Heine Family Foundation||4.6|
|32||Geoff and Brad Harris||4.5|
|33||Stan Perron Charitable Trust||4.4|
|34||Geoff and Helen Handbury Foundation||4.2|
|35||Tim Fairfax Family Foundation||4.1|
|36||JO & JR Wicking Trust||4.1|
|37||R E Ross Trust||4.1|
|39||The Yulgilbar Foundation||4|
|40||Andrew Thyne Reid Charitable Trust||4|
|41||The Charitable Foundation||4|
|43||Helen Macpherson Smith Trust||4|
|44||Garnett Passe and Rodney Williams Memorial Foundation||3.8|
|45||Estate of Francine McNiff||3.8|
|46||David Winston Turner Endowment Fund||3.7|
|47||Turner Family Foundation||3.7|
|48||E Kornhauser Charitable Foundation||3.6|
|50||John T Reid Charitable Trusts||3.3|
The second annual Philanthropy 50 list will be published in the May issue of AFR Magazine on April 27.