Australia’s top philanthropists are in a hurry to spend their money – and sizeable, eye-catching donations are back in vogue.
The rush by two of Australia’s biggest philanthropists to give away all of their money within the next 12 years as well as a generous donation for pandemic research have pushed total spending by the top 50 givers past $1 billion for the first time.
John McLeod says high-end philanthropy is “doing fantastically well and I contrast that to mass-market donations, which are struggling.”McLeod says two-thirds of those on the Philanthropy 50 list increased their spending, which was valued at $1.1 billion in the 12 months to June 30,. Total spending from the top 50 has more than doubled since 2017.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Defence must spend another $19b to confront China threat: reviewThe defence strategic review says the “biggest shake-up in decades” is needed to manage a possible major conflict in our region between China and the US.
Read more »
‘Greater spend in defence’ needed to maintain Australia’s securityShadow Assistant Minister for Defence Phillip Thompson says he thinks there should be greater spending in defence and the defence industry. “I’ve fought on the front line - I absolutely understand what you need to get into the fight to be able to win the battle but also maintain security back here on home soil,” Mr Thompson told Sky News host Chris Kenny.
Read more »
Harry to sit '10 rows back' at crowning and get ‘very icy reception’Prince Harry will be seated“10 rows back” at King Charles' coronation, will receive a frosty reception from the royal family and is not keen to 'spend much time' with them back in the UK, claims former royal butler Paul Burrell.
Read more »
China attacking Taiwan ‘all-but-inevitable’There were some “important messages” in the government’s Defence Strategic Review, which was released on the eve of ANZAC Day, says Sky News host Peta Credlin. Ms Credlin said the most worrying one is Australia is “currently not ready” for armed conflict on any serious scale as about “every defence analyst” now says China is preparing to attack Taiwan. “Democratic Taiwan is never going to submit to communist rule – that means that a Chinese assault on Taiwan is all-but-inevitable,” she said. “There's not much in this review, at least in the unclassified version, about how Australia might help to maintain peace across the Taiwan Straits because believe me America will expect our help.” Ms Credlin said the thing that needs to change is how Australians think about themselves because we can’t honour Australia and its people on ANZAC Day and then “spend the rest of the year denigrating our country and ourselves”.
Read more »
Expansion in number of missiles acquired by govt the most ‘concrete’ result of DRSAn expansion in the acquisition of missiles and cutting the number of tanks, and perhaps frigates the government is acquiring, is the “most concrete result” of the Defence Strategic Review, says Sky News Political Editor Andrew Clennell. “Basically we are going to get missiles that can shoot 300 kilometres, as opposed to 40,” Mr Clennell said. “To implement all this, the government is committing to more defence spending over the next decade but in terms of the budget in a couple of weeks, over the next four years – we are looking at a revenue neutral spend. “$19 billion to be spent on this in the forward estimates including $9 billion for the AUKUS nuclear subs but to pay for that programs are being cut in defence. “The reprioritisation, the government calls it, is worth $7.8 billion.”
Read more »