Recipients of multi-million pound donations revealed

Aussie dollars

The Macquarie Group is handing out fifty million Australian dollars (£27m) to mark its 50th year

28th August 2019 by Gareth Jones 0 Comments

The recipients of a bumper international donation have been revealed.

In October, Australian based firm Macquarie it would give away fifty million Australian dollars to organisations from across the world to mark its 50th year.

And now the company has revealed the five charities who will share the pot, which amounts to around £27million.

Unfortunately, no Scottish or UK organisations have been selected by the judges, with more than 1,000 applications received.

The projects to benefit are The Ocean Clean, a Dutch charity which is developing advanced technologies to rid the world's oceans of plastic; Last Mile Health, which provides healthcare for vulnerable and remote populations in sub-Saharan Africa; Monash University in Australia, for its work to tackle mosquito-borne tropical diseases across the globe; Murdoch Children’s Research Institute in Australia for elimination of scabies; and Social Finance, for its plans to unlock social investment in the US.

“The Macquarie 50th Anniversary Award extends the longstanding approach of our Foundation to give back to the communities in which our staff live and work,” said Macquarie Group chief executive Shemara Wikramanayake.

“The Macquarie Group Foundation’s activities have always been driven by our people, whose involvement in their communities is an important part of our work since inception in 1969.

“We are delighted to work with these organisations over the next five years. Their projects are addressing areas of significant social need and promise meaningful, lasting community benefit.”