‘Unprecedented’: Sydney festival receives $5m donation from electronics entrepreneur – The Guardian

Sydney festival has received what it calls an unprecedented $5m philanthropic donation, that it hopes will contribute to the arts sectors recovery in the wake of Covid-19.
Swedish-born Australian philanthropist Peter Freedman, 62, said he was making the donation as a way of giving back to the artists and behind-the-scenes workers who have supported his career.
The terms of the donation are uncommon for its size, as it is untethered from any projects, outcomes, or capital works: Freedman has told…

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