Philanthropy in Australia - Swinburne Media Centre: he recent commitment by Fortescue Metals chief Andrew Forrest to contribute half of his private wealth to philanthropic causes, coming on top of investor Graham Tuckwell’s $50 million donation for equity scholarships at the Australian National University, draws attention to the role of private social investment in Australia as never before.
Philanthropy is not new to Australia. We are fairly familiar with the eminent names attached to museums, galleries, think-tanks, schools, university libraries, and art collections in honour of those who built them. Many lesser-known Australians make equally generous contributions. The country’s major banks between them manage several billion dollars in small to medium charitable bequests left by little-known or anonymous donors, many dating from over a century ago.
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