Macquarie Group announces winners of $A50 million philanthropic award

Melanie May | 29 August 2019 | News

Macquarie Group has chosen the five winners of its $A50 million (£27m) Macquarie 50th Anniversary Award.
The award, announced last September to mark the Macquarie Group’s 50th year of operation, saw almost 1,000 applications worldwide, whittled down to 12 finalists. The five winners each receive $A10 million for their projects in the areas of lifesaving healthcare, protection from diseases, improved social mobility for low-income workers and action to rid the world’s oceans of plastic.
The winners are:

The projects will be delivered over the next five years, with funding to be released according to an agreed timeline with each one.
Macquarie Group Chief Executive Officer Shemara Wikramanayake said:

“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.
“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.”

Macquarie Group Foundation Chair Mary Reemst added:

“These five winners all put forward bold ideas which have the potential to impact millions of lives.”
“I would also like to recognise the calibre of the almost 1,000 original applicants, the 60 semi-finalists and the 12 finalists and the inspirational and quite outstanding proposals they brought to us throughout this process.”

Last financial year, Macquarie Group Foundation also contributed a record $A31.7 million to over 1,600 non-profits globally, while Macquarie employees carried out approximately 53,000 hours of voluntary community service.

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