Business
The Australian philanthropists spending big and fast to fight catastrophic climate change – ABC News
These Australian philanthropists don’t see the point in holding on to a big stash of money beyond the next decade. Instead they’re spending it all on projects aimed…
When Jeff Wicks retired, he and his wife Julie reflected on their life in Queensland. They asked themselves, how much is enough?
They decided they had more than enough money to live on and they wanted to give the rest away.
Now.
So the Wicks set up a private philanthropic foundation one of 1,600 in Australia.
“We’re probably giving away each year maybe 10 times what we need to live,” Jeff says.
Most foundations operate through the investment of a main sum, or the ‘corpus’, and profits are used for…
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