Philanthropists speaking at the Philanthropy Australia 2014 National Conference this week have encouraged their peers to go public with their giving as a way to spur generosity, The Sydney Morning Herald reports.
When businessman Graham Tuckwell and his wife decided to make a $50-million donation to the Australian National University, he could find few precedents, he said. Giving in the country is historically small and often private.
But there are signs that the philanthropic culture in Australia is changing. Earlier this year, resort magnate James Packer said he and his family would give nearly $200-million to establish a new foundation to support the arts, and billionaire Alex Waislitz of Melbourne announced a $50-million charitable donation.