Search
Part of Andrew (pictured) and Nicola Forrest’s $400 million donation includes $50 million directed towards supporting arts, cultural, environmental and community organisations Photo: Bohdan Warchomij

Forrests gift $400m

Mining magnate Andrew Forrest and his wife, Nicola Forrest, have made history today with a $400 million pledge the prime minister has called a ‘game changer’.

The money will be directed to six main areas, including cancer research, arts, community and the environment, and early childhood.

Announcing the news this morning, Malcolm Turnbull said it was the biggest single philanthropic gift in the country’s history and the largest donation by living Australians. In 2014, Australian businessman Paul Ramsay left a philanthropic bequest of more than $3 billion.

Login

(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

CAPTCHA
Thanks! This question prevents spammers...
Image CAPTCHA
Enter the characters shown in the image.

Add your comment

1st-Channel 7 Telethon Trust$24.8m
2nd-Sarich Neuroscience Institute of Western Australia Trust$19.5m
3rd-Minderoo Foundation$19.4m
4th-Martin Copley Will Trust$6.8m
5th↓Perth Children's Hospital Foundation$5.1m
57 philanthropic foundations ranked by funds distributed most recent financial year ($a)

BNiQ Disclaimer