A $6.2 million share
One of Australia’s largest philanthropic funds, Perpetual has revealed the recipients of the inaugural Impact Philanthropy partnership program.
The fund grants will help to implement various programs focussing on medical research, youth education, rehabilitation services and various other initiatives.
Berry Street Victoria Inc; Big hART Inc, Justice Connect, National Stroke Foundation, Prostate Cancer Foundation, The Smith Family, So They Can and Walter & Eliza Hall Institute were the recipients.
“The recipients of the inaugural IMPACT Philanthropy Partnership grants have been selected for consistently having demonstrated excellence in the areas of governance, leadership, capability and outcomes over the past three years,” Fay said.
“The Partnership program was launched as part of Perpetual’s IMPACT Philanthropy model which is designed to ensure that philanthropic clients’ charitable investments achieve maximum benefit and outcomes for the communities they support.
“These projects are often considered ‘unsexy’ and are overlooked for funding, but they are in fact vital to help organisations get the job done more effectively.
“At the heart of the IMPACT Philanthropy Partnerships initiative is the will to support sustainable operations, which in turn produce crucial outcomes for the communities and sectors they serve.
“The IMPACT Philanthropy Partnership grants are a new stream of the IMPACT Application process, which has generated distributions of over $24 million this year with the aim of focusing the charitable intentions of Not for Profits to create long-lasting community impact.”