Perpetual awards $6.2m to NFPs

Investment firm Perpetual has announced the recipients of its new IMPACT Philanthropy Partnership program.

The inaugural grant model has selected eight charities to receive various sums from a $6.2 million allocation, funded by Perpetual’s philanthropy clients. These charities were selected from applications that demonstrated their “excellence in the areas of governance, leadership, capability and outcomes over the past three years” said Perpetual’s national manager of philanthropy, Caitriona Fay.

The objective of the grants is to create long-lasting community impact and will fund various programs and services, ranging from a youth education model to the development of a data management platform. The total amount of funds distributed to charities by Perpetual on behalf of their philanthropy clients this year is currently in excess of $85 million.

The 2015 recipients of the IMPACT Philanthropy Partnership grants are:

Organisation

Project/service

Grant amount

Berry Street Victoria

The Berry Street Education Model

$765,430

Big hART

Future proofing Big hART: Generating certainty through sustainable self-funding

$784,000

Justice Connect

Expanding not-for-profit law

$960,000

National Stroke Foundation

Enable me: Using adaptive technology to empower people who have had a stroke

$1,000,000

Prostate Cancer Foundation of Australia

Development of “ProstateApp” for android devices

$100,000

The Smith Family

Enterprise information platform

$979,000 

So They Can

Tanzania, Babati District, Education and Economic Empowerment Project

$752,460

Walter and Eliza Hall Institute of Medical Research

Australia’s first genome engineering facility

$900,000

For more information, see IMPACT philanthropy.