Australian Financial Review Philanthropy 50 is worth a read

Philanthropy 50The Australian Financial Review Philanthropy 50 was published on 28 April 2017. The feature story tells of the Paul Ramsay Foundation and highlights the top 50 Australian philanthropists of 2016.

The Philanthropy 50 list shows the amount given to end recipients, mainly charities, in the 2015/16 financial year, by Australian individuals, families and bequests. The list features gifts given directly and through foundations; however, it does not include donations into foundations, anonymous gifts, or corporate giving.

Sources used for the Philanthropy 50 included Australian Charities and Not-for-Profits Commission (ACNC), Fundraising Research & Consulting, Fundraising & Philanthropy Australasia and Pro Bono Australia.

The study features an interview with Simon Freeman, CEO, Paul Ramsay Foundation. Freeman tells the story about visiting America’s leading philanthropic foundations, including the Bill and Melina Gates Foundation, the David and Lucile Packard Foundation, and the Silicon Valley Community Foundation. It was the visit to the Packard Foundation which really resonated with the Ramsay Foundation officials.

Freeman is quoted in the article as saying “If one day we’re not the biggest foundation in Australia anymore, then that would be a great measure of success”. Freeman and his colleagues will award about $15 million to $20 million this year. With a balance sheet in the billions, one can assume the Ramsay Foundation will be at the top of the list for years to come.