Australian philanthropists Andrew and Nicola Forrest have donated an additional $AU655 million to Minderoo Foundation, bringing their total donation to the Foundation’s global causes to $AU1.5 billion.
The major donation, announced in Singapore today, has been made in instalments over the past six months in response to the need to address some of the world’s most urgent and complex challenges.
“This region is our home and has given us so much,” Mr Forrest said. “But as a region, we are faced with tremendous challenges. Our oceans are under threat from plastic pollution and overfishing, forced labour exists at a higher rate than anywhere else in the world, and cancer continues to be one of our biggest killers.
“I believe that through innovative research, authentic collaboration and significant pooled capital we can find solutions to these challenges. Minderoo Foundation is having the hard conversations needed to drive new solutions, but we cannot do it alone.
“The Asia Pacific region is home to more high-net-worth individuals than anywhere else in the world. I call on them to join us in committing the same leadership, enthusiasm and purpose that created their wealth, to the causes they are passionate about. It is time we came together humbly and courageously to build a culture of philanthropy in the Asia Pacific region and collaborate for change.”
Asia Philanthropy Circle Chief Executive Officer Laurence Lien said: “I am very encouraged that we have Andrew and Nicola who are so committed to philanthropy. The Forrests not only inspire with their generosity but serve as role models, in a region where there are few, with their strategic approach to achieve impact and desire to collaborate to multiply efforts. I especially hope more will learn and replicate their systems approach to tackling complex issues, like human trafficking.”
The additional funding announced today will be allocated to new initiatives and used to expand the existing work of the Minderoo Foundation and its global efforts to
In Australia, Minderoo’s funding is also dedicated to
“The $400 million donation we announced in 2017 gave us the ability to scale-up our existing initiatives and plan ahead,” Minderoo Foundation co-founder and director Nicola Forrest said.
“In July 2018, we announced a new initiative within the Foundation – Flourishing Oceans – which will help study and protect global marine life. Now, this further injection of capital will bolster the Foundation’s existing work, allow it to continue to grow under the leadership of Chief Executive Andrew Hagger and see us collaborate on more projects that hopefully leave the world in a better place.”
The Minderoo Foundation was established by the Forrests in 2001 and has supported more than 280 projects globally, and counting.