Welcome to the Macquarie Group Foundation 2023 Annual Review, which reflects on the social impact work we’ve been focusing on over the past financial year.
This year marks our 38th year for the Macquarie Group Foundation (the Foundation), and it’s been a pivotal year for us – one in which we’ve made significant progress advancing the Foundation’s strategic direction with the goal of deepening our social impact. We’ve remained passionately committed to our employee-led approach to supporting the communities where we live and work, while also making significant inroads in new areas of work.
These include supporting colleagues in Macquarie’s businesses on shared value initiatives, as highlighted through the launch of the Macquarie Social Impact Award. We also made our first social impact investments and our first global grant to non-profit Generation, which together with the Foundation’s increased grantmaking allocations across all regions, are supporting community organisations reducing barriers to employment around the world.
This year we’ve also made important changes to our pipeline development and grantmaking processes to make them more equitable and inclusive for the communities we support. These positive steps to ensure Macquarie can continue to have a greater social impact. We’re determined to do what we can to build a better future for those who need it the most.
In FY2023 our people and the Foundation together contributed over $A52 million1 in funding to 2,500 community organisations globally and donated thousands of hours of time to community organisations around the world. Over $A570 million2 has now been contributed to philanthropic causes by our people and the Foundation since it was established in 1985.
Supporting our people, businesses and communities to achieve the Foundation’s purpose of building a better, more equitable future is what drives our work.
I’m proud of the work we’ve accomplished over the past year and look forward to the year ahead.
I hope you enjoy reading the Macquarie Group Foundation’s 2023 Annual Review on how we’re deepening our social impact.
Chief Financial Officer, Macquarie Group
Chair, Macquarie Group Foundation