PHILANTHROPISTS – AUSTRALIA

Up $11bn, Forrest has a profitable pandemic

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Original article by John Stensholt
The Australian – Page: 15 : 22-Jul-20

The share price of pure-play iron ore miner Fortescue Metals Group has more than doubled since March. Its market capitalisation topped $51bn on 21 July, making it one of the 10 biggest companies on the Australian sharemarket. Fortescue’s founder Andrew Forrest is now estimated to have total wealth of about $20bn, with the value of his stake in the company having increased by more than $11bn since the coronavirus-induced sharemarket rout in mid-March. Forrest and his wife are also high-profile philanthropists, having donated more than $2bn to their Minderoo charitable foundation.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, THE MINDEROO FOUNDATION PTY LTD

Forrest calls for $500m recovery fund

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Original article by Julie-anne Sprague
The Australian Financial Review – Page: 4 : 10-Jan-20

The Minderoo Foundation of Andrew and Nicola Forrest will donate $70m to bushfire relief programs and research into improving Australia’s resilience to bushfires. The Forrests will contribute $10m to a bushfire recovery fund, while another $10m will be used to send Western Australian specialists to assist with the recovery effort. The balance will be invested in a project that will aim to mitigate the impact of future bushfires. Andrew Forrest has also proposed the creation of a $500m global fund for this purpose. He says a number of factors have contributed to the nation’s devastating bushfire season, including climate change and arson.

CORPORATES
MINDEROO FOUNDATION, FORTESCUE METALS GROUP LIMITED – ASX FMG

Revealed: Neilson’s $100 million news agenda tops the bill

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Original article by Lisa Murray
The Australian Financial Review – Page: 2 : 3-May-19

The Judith Neilson Journalism Institute has provided funding for a range of initiatives since it was founded, while its longer-term goals include producing podcasts and documentaries in partnership with established media companies. The institute was founded by philanthropist Judith Neilson, who is also its patron. Neilson says she has no input into the day-to-day operations of the institute, whose board includes former ABC chairman Jim Spigelman, Free TV Australia CEO Bridget Fair and Paul Kelly, the editor-at-large of ‘The Australian’.

CORPORATES
JUDITH NEILSON JOURNALISM INSTITUTE, AUSTRALIAN BROADCASTING CORPORATION, FREE TV AUSTRALIA LIMITED, NEWS CORP AUSTRALIA PTY LTD, WHITE RABBIT GALLERY LIMITED, WALKLEY FOUNDATION FOR JOURNALISM

Fortescue delivers payday to Forrest

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Original article by Matt Chambers
The Australian – Page: 20 : 21-Aug-18

Fortescue Metals Group chairman and founder Andrew Forrest will be paid a total of $239m in dividend payments for the 2017-18 financial year. Forrest has received total franked dividend payments of $1.3bn before tax since 2011, with the bulk of these dividends being invested in his philanthropic organisation, the Minderoo Foundation. His 33.36 per cent stake in Fortescue is worth $4.33bn, based on the stock’s closing price of $4.26 on 20 August.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, MINDEROO FOUNDATION, AUSTRALIAN INDUSTRIAL ENERGY, SQUADRON ENERGY, HOEGH LNG

Waislitz planning a major property investment fund

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Original article by John Stensholt
The Australian Financial Review – Page: 1 & 2 : 21-May-18

Billionaire investor Alex Waislitz is understood to be planning to launch either a listed property company or an unlisted property fund. Waislitz has established a partnership with Sydney-based Centennial Property Group, and he could possibly use that relationship to assist his foray into property. Waislitz built his wealth on investing on small and medium-sized listed companies, while he is keen to spend more time on his philanthropic fund, the Waislitz Foundation. It is slated to give away $A50 million over 10 years.

CORPORATES
CENTENNIAL PROPERTY GROUP PTY LTD, WAISLITZ FOUNDATION, THORNEY OPPORTUNITIES LIMITED – ASX TOP, THORNEY TECHNOLOGIES LIMITED – ASX TEK, RCG BRANDS PTY LTD, HUB24 LIMITED – ASX HUB, YOJEE LIMITED – ASX YOJ, AFTERPAY TOUCH GROUP LIMITED – ASX APT

Ainsworth cashes out $473m pokies stake

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Original article by Perry Williams
The Australian Financial Review – Page: 21 : 24-Feb-16

Australian-listed poker machine maker Ainsworth Game Technology has posted a 2015-16 interim net profit of $A33.1m, which is four per cent lower than previously. Meanwhile, founder Len Ainsworth has sold his 53 per cent stake in the group to Novomatic for about $A473m. Ainsworth will remain chairman, and intends to donate some of the proceeds of the sale to philanthropic causes such as medical research.

CORPORATES
AINSWORTH GAME TECHNOLOGY LIMITED – ASX AGI, NOVOMATIC, ARISTOCRAT LEISURE LIMITED – ASX ALL, ST VINCENT’S HOSPITAL SYDNEY LIMITED, WATERMARK FUNDS MANAGEMENT PTY LTD

Donation nation: which state is most generous?

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 10-Dec-15

A Roy Morgan Single Source survey has found that 66 per cent of Australians aged 14+ reported making at least one donation to charity in the year to September 2015. This compares with 70 per cent in the year to September 2011. Analysis by state shows that the incidence of charitable giving is fairly consistent, generally hovering around the national average. The exceptions are Western Australia, where 71 per cent of the population are donors; and Tasmania, where 63 per cent of residents give to charity. Meanwhile, Western Australians who donate to charity hand over around $A355 each per year, ahead of donors from NSW/ACT ($A331) and Victoria ($A285).

CORPORATES
ROY MORGAN RESEARCH LIMITED

Gandels donate $A1m to Museum Victoria for new children’s gallery

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Original article by Patrick Durkin
The Australian Financial Review – Page: 3 : 4-Aug-15

Gandel Philanthropy, a charity run by billionaires John and Pauline Gandel, has donated $A1 million to Museum Victoria. They have also made other significant donations in recent years. Recipients included the National Gallery of Australia, the National Gallery of Victoria and the Royal Women’s Hospital in Melbourne. The Gandels made their fortune by investing in shopping centres.

CORPORATES
GANDEL PHILANTHROPY, MUSEUM VICTORIA, NATIONAL GALLERY OF AUSTRALIA, NATIONAL GALLERY OF VICTORIA, ROYAL WOMEN’S HOSPITAL

Business in fight against dementia

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Original article by Sarah Thompson, James Chessell
The Australian Financial Review – Page: 3 : 24-Mar-15

The Centre for Healthy Brain Ageing’s Dementia Momentum program, to be launched on 24 March 2015, will use "big data" to seek better understanding of dementia. The program is supported by prominent businessmen including McGrathNicol founder Tony McGrath, Anchorage Capital Partners founder Phil Cave, CHAMP Private Equity founder Bill Ferris, and Genworth Mortgage Insurance chairman Richard Grellman. The latter’s wife Suellen suffers from early-onset dementia

CORPORATES
UNIVERSITY OF NEW SOUTH WALES. CENTRE FOR HEALTHY BRAIN AGEING, McGRATH NICOL AND PARTNERS SERVICES PTY LTD, ANCHORAGE CAPITAL PARTNERS PTY LTD, CHAMP PRIVATE EQUITY PTY LTD, GENWORTH MORTGAGE INSURANCE AUSTRALIA LIMITED – ASX GMA, THE GARVAN INSTITUTE OF MEDICAL RESEARCH, KPMG AUSTRALIA PTY LTD, WORLD DEMENTIA COUNCIL, DELOITTE ACCESS ECONOMICS PTY LTD

Economist’s $8m parting gift to gallery

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Original article by Timna Jacks
The Australian Financial Review – Page: 3 : 19-Mar-15

The late Alan Boxer has bequeathed a collection of paintings by Australian modernists to the National Gallery of Australia. The 19 artworks include paintings by Sidney Nolan, Brett Whiteley and Arthur Boyd, and are estimated to be collectively worth $A8m. Boxer, who died in 2014, worked as the Federal Treasury from 1975 to 1986, and began collecting artworks in the 1950

CORPORATES
NATIONAL GALLERY OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY