The Australian Financial Review has released its 2019 Philanthropy 50 list, with Paul Ramsay Foundation once again on top.
Paul Ramsay Foundation, established in 2014 by a $3 billion bequest from healthcare and media entrepreneur Paul Ramsay, topped the list at $85.8 million, followed by Andrew and Nicola Forrest’s Minderoo Foundation at $60.4 million. Ian Potter Foundation went from second to third place with donations of $25.8 million. Rounding out the top 5 are the Lowy Foundation ($22 million) and Graham and Louise Tuckwell ($20 million).
The list was compiled for the third year running by John McLeod, co-founder of JBWere Philanthropic Services.
New entrants include Andrew and Paula Liveris at No. 11 ($13.5 million); Cory Charitable Foundation at No. 27 ($5.2 million); Springfield Land Corporation chairman Maha Sinnathamby at No. 31 ($5 million); and Blackmores chairman Marcus Blackmore at No. 34 ($5 million).
The major causes remain universities, the arts and culture, and medical research, with the environment becoming increasingly important for our nation’s major philanthropists.
But while the generosity of big givers is increasing, the percentage of people claiming a tax deduction for charitable donations dropped below 33% for the first time since 2001.
- $553m total value of the Philanthropy 50 list.
- 21% rise in value since the 2016/17 financial year.
- $85.8m was the biggest single donation in 2019 from the Paul Ramsay Foundation.
- $3.6m was the lowest donation on the Philanthropy 50 list.
For the full list head to the AFR.