It was a great privilege to succeed Shemara Wikramanayake as Chair of the Macquarie Group Foundation (the Foundation) in December 2018 when she became Macquarie’s new CEO and Managing Director. During Shemara’s five years as Chair, over $A137m was contributed to non-profit organisations, and volunteering hours increased by 188%; from 32,000 in 2013 to 60,000 in 2018. Shemara led the Foundation with passion, expertise and a determination to make an impact in the communities in which our staff live and work, and I look forward to continuing this important work.
Last year we also welcomed three new members to the Foundation Committee, further diversifying the range of experience and widening the geographical spread of members represented on the Committee. You can see our Committee members later in this annual report.
During the year, a record $A31.7 million was donated to more than 1,600 non-profits around the world by Macquarie staff and the Foundation.
||Chair, Macquarie Group Foundation
||Macquarie Asset Management, New York
|Tony Graham||Banking and Financial Services, Sydney|
|Stuart Green*||Financial Management Group, Sydney|
|Jackie Hamilton*||Corporate and Asset Finance, New York|
|Shawn Lytle||US Country Head, Philadelphia|
|Elizabeth O’Leary||Macquarie Asset Management, Sydney|
|Lynnette Sarno*||Corporate Operations Group, Sydney|
|Jeff Shiu||Commodities and Global Markets, Hong Kong|
|Lisa Sonnabend*||Macquarie Capital, Sydney|
|Ben Way||CEO Asia, Hong Kong|
We would like to thank Shemara Wikramanayake (Sydney), David Bennet (Alumni) and Tracey Macdonald (Sydney) who retired from the Foundation Committee in the last year.
*New Committee members in 2018.
Across the world, there are young people who need greater support to overcome the social barriers they face. Our global grant making focus aims to break down these barriers and provide social and economic opportunities to those who will benefit most.
This year we’ve looked at the grant-making areas across our four regions – the Americas, Asia, Australia and EMEA (Europe, the Middle East and Africa) – and uncovered the commonalities and differences in each area as together we work to create social impact.
Each location faces distinct challenges and priorities. For North America, a college pathway is almost imperative for a professional career, while in EMEA alternative pathways like professional apprenticeships are reducing economic disadvantage among young people who may otherwise have limited access to training and education beyond school. In Asia, ethical domestic labour recruitment can triumph over modern slavery to create fair working opportunities. And in Australia, marginalised young people are gaining greater access to work experience and career opportunities.
Learn more about the community organisations we’re supporting who are working with young people around the world.
Generation is a non-profit with a mission to transform education-to-employment systems to support adults achieve economic opportunity and mobility through a career. Our funding will support over 2,000 people into jobs in the green, technology and health sectors that would otherwise be inaccessible to them. It will also support Generation develop a digital mentorship platform to improve learner outcomes across their programs.
|Aurora Education Foundation
Aurora supports Aboriginal and Torres Strait Islander peoples' academic aspirations. Our grant is supporting Aurora's high school outreach program which aims to inspire young people to achieve their educational goals by hearing from Indigenous role models.
|Brotherhood of St Laurence (BSL)
The Brotherhood of St Laurence is a social justice organisation working to prevent and alleviate poverty across Australia. Our funding will help drive more effective and community-led solutions to youth unemployment by expanding the Compass tool developed by BSL, that puts place-specific data into the hands of local stakeholders and decision-makers.
|Campbell Page Limited
Campbell Page supports people on the journey to employment. Our grant supports work with sole parent women to gain sustainable employment and help their children achieve their educational potential.
CareerSeekers connects newly settled humanitarian entrants (refugees) with corporate Australia to increase workforce participation. Our grant enables CareerSeekers to recruit, support and place 50 students into workplace internships.
Clontarf Foundation aims to improve the education, discipline, self-esteem, life skills and employment prospects of young Aboriginal and Torres Strait Islander men. Our grant supports the Clontarf program at Chifley College’s Bidwell Campus in western Sydney.
Creating Chances uses sport as a delivery mechanism and incentive for learning. Our grant supports its work with year 10,11 and 12 students to help them explore further education and employment opportunities.
|Foundation for Young Australians
The Foundation for Young Australians’ mission is to back young people aged 12-30 years to transform the future. FYA invests money and time into young people's ideas, skills gaps and networks, reflecting its belief that young people should be the central agents of change. Our funding will enable YLab (a social enterprise arm of FYA) to directly employ young people to co-design improved services and systems in the areas of health, education and employment.
|Generation: You, Employed, Inc
Generation is a global organisation which recruits, trains and places young people into career-launching jobs. Our grant is contributing funding towards the two year pilot launch of Generation in Australia.
|Melbourne Indigenous Transition School (MITS)
MITS provides educational choice to Indigenous students from remote and regional communities across Australia. Our grant supports the employment of a program manager who works with MITS students in a range of ways to enable their success.
|Making Waves Foundation Inc
Making Waves Foundation auspices the Shoreline program (formerly Junior Indigenous Marine and Environmental Cadet program). Our grant is directed towards senior secondary college Aboriginal and Torres Strait Islander students, helping them to undertake traineeships and providing a pathway to employment.
PCYC NSW works with young people to help them reach their potential through police and community partnerships. Our grant funds Fit For Work programs in western Sydney, helping young people transition from vocational training into work experience and then full-time employment or apprenticeships.
Raise Foundation aims to improve the wellbeing of young people in Australia at risk of disengaging, by delivering best-practice mentoring programs. Our grant supports Raise in its goal of making its mentoring program available in every public high school by improving its technology offering.
|Social Ventures Australia
SVA works to improve the lives of people in need by offering funding, investment, and advice to support organisations to increase their social impact. Our grant supports the Pathways to Skilled Employment Program, which seeks to gather evidence to help government, employers and young people design and deliver programs to address employment issues.
|Together 4 Youth
Together 4 Youth is a collaboration of 11 non-profit organisations, which have united to amplify the voice of young people and effectively support them through their education to improve life-long outcomes. Our funding is part of a funders collaboration which has supported Together 4 Youth to undertake research and development work and will now support the implementation of a pilot program.
|White Box Enterprises
White Box Enterprises builds, supports, and advocates for jobs-focused social enterprises. Our funding will build on the implementation of the Federal Government’s Payment by Outcomes trial led by White Box Enterprises, with the aim of supporting up to 750 participants to access entry level jobs and transition pathways by 2025.
|Financial Markets Foundation for Children
FMFC works to improve the health, welfare and well-being of Australian children. Our grant is used to fund research programs and other projects to support this work.
SEFA Partnerships works with social purpose organisations to improve their capacity. Our funding supports Kick Starter, a business planning mentoring and small grants program for early stage social ventures.
|America Needs You (ANY)
America Needs You supports economic mobility for ambitious, low-income college students by providing intensive career development, mentorship, networking and holistic support. Our funding supports and sustains the Chicago Fellows program, support the launch of a Los Angeles based Fellows Program, and a new digital curriculum that will support ANY students nationally.
BTNY is a tuition-free, ten-year college success program committed to getting high-potential, low-income middle school students to and through four-year colleges. Our grant supports the college and career coaching and program support for students
|College Advising Corps
College Advising Corps works to increase the number of low-income, first-generation college, and underrepresented high school students who enter and complete higher education. Our funding will support a new pilot program focused on professional development opportunities for College Advising Corps advisers – recent college graduates with lived experiences similar to the high school students they support.
|Double Discovery Center at Columbia University (DDC)
The Double Discovery Center at Columbia College works with low-income and first-generation college-bound Manhattan area youth to ensure high school graduation, college enrolment and completion and responsible adulthood. Our funds support new financial literacy and career readiness programs to help students map their college to career success.
|Girls Inc New York City (GINYC)
Girls Inc NYC delivers vital educational programs that inspire girls to be strong, smart, and bold. Our grant supports Project Reach, which seeks to expand existing program offerings to gain a better understand the factors involved college attrition, and to address them with the ultimate goal of increasing graduation rates.
Graduate NYC (GNYC) is dedicated to increasing college readiness and completion rates throughout New York City for low-income and first generation college students. Our grant contributes to the College Completion Innovation Fund which supports innovative projects that impact college access and completion for underrepresented youth.
Instituto Four seeks to select, train, and develop young people who think about ways to solve Brazil's biggest problems and aim to be in the main decision-making spaces in the country. Our funding will create scholarships for two students to complete the ProLider program, fund an award (in honour of the late Mr. Hitoshi Castro) and contribute to Instituto Four’s seed funding deposit for an endowment.
OneGoal’s mission is to close the degree divide in America. Its vision is that every young person will have an equitable opportunity to achieve their greatest postsecondary aspirations. Our funding supports a college persistence program pilot that involves peer mentoring and online support.
The mission of Philadelphia Futures (PF) is to provide Philadelphia's low-income, first-generation-to-college students with the tools, resources and opportunities necessary for admission to and success in college. Our grant helps PF run programs aimed at reducing the institutional, academic, social and financial barriers to college and career success.
|Take Stock in Children
Take Stock in Children is a non-profit in Jacksonville supporting underrepresented youth to achieve college completion. Our funds will establish a college division and support college persistence programming for low income students.
|The Opportunity Network
The Opportunity Network works to equal the playing field for highly motivated students from low-income and historically underrepresented backgrounds by facilitating access to colleges, career opportunities, and professional networks. Our grant supports a fellowship program that supports students from grade 10 through to college graduation and into a career.
|The HOPE Program
HOPE works with New Yorkers to lift themselves out of poverty through training, jobs and career advancement. Our capacity building grant supports HOPE to assist more job seeksers into employment.
|Local Initiatives Support Corporation (LISC)
LISC invests in people and places to address longstanding deficits and disparities in housing, employment, education, safety and justice, and health. Our funding will support neighbourhoods in Philadelphia and Jacksonville to implement community-centered strategies to advance racial equity by reducing crime, improving neighbourhood safety, and increasing opportunity.
|Robin Hood Foundation
The Robin Hood Foundation is NYC’s largest poverty-fighting organization, with a 30-year record of improving the living standards of low-income New Yorkers and dismantling barriers to opportunity. Our funding supports Robin Hood’s POWER FUND, a new initiative to fund and elevate non-profit leaders of colour who share the organisation’s mission of increasing mobility from poverty, while addressing the interplay of racial and economic injustice through their work.
YWCA USA works to eliminate racism, empower women, stand up for social justice, help families, and strengthen communities. Our funding will support the WE 360° Program which provides women of color entrepreneurs in Houston with access to key tools to start their own businesses and create jobs in their communities.
Agrasar implements high-impact skill programs that help disadvantaged, migrant youth lead more meaningful and dignified lives. Our grant supports one centre in Kapersera, Gurgaon, as well as a community radio program that connects to youth in hamlets within 10 kms around Gurgaon City.
Aidha helps migrant domestic workers and low-income women achieve economic independence through financial education. Our funding will support Aidha to significantly scale, from directly benefiting 850 beneficiaries in FY2022 to close to 10,500 beneficiaries annually by the end of the grant period in FY2026.
|Asha India Foundation
ASHA is dedicated to improving the lives of Delhi’s urban poor through programs covering health, education, empowerment, financial inclusion and environmental improvements. Our grant is supporting a program to increase the number of young people attending college, by assisting young people in slums to reach higher education and in turn break out of the intergenerational cycle of poverty.
|Asia Pacific Mission for Migrants (APMM)
APMM is committed to supporting the migrant movement through advocacy, organising and building linkages for the advancement of migrants’ rights. Our grant supports the Women’s Encounters program, which aims to build and enhance the grassroots community movement of women migrants across Asia, to advance rights, promote collective wellbeing and enable mutual support and learning.
Bright Future works with youth in urban slums of Mumbai to provide life skills and improve employability through their livelihood training centres. Our grant funds two livelihood centres in Mumbai and supports capacity-building within the organisation.
Bosconet works to improve lives of marginalised and migrant youth. Our grant is helping build a unique platform which integrates various support services available to migrants.
Dasra supports non-profits in their growth and scale of impact on the vulnerable lives they serve. Dasra aims to bridge the gap by educating funders to be more strategic in their giving, and helping non-profits use funds in the most optimal way. Our grant will help create a report on sector-based research and landscape mapping of critical issue areas, resulting in actionable insights which will shape strategic philanthropy and sustainable development outcomes across India.
EmpowerU provide high-quality education to those on the margins, so they can use their voice to create a better future. Our grant will support the development and execution of the upgraded Migrant Domestic Worker Curriculum in collaboration with The University of Hong Kong.
Enrich empowers migrant domestic workers in Hong Kong to transform their lives through financial education and personal development programmes. Our grant supports the growth of Enrich’s core financial education program, as well as working to identify and explore ways to better reach and retain the migrant domestic worker community.
|Fair Employment Foundation
Fair Employment Foundation believe forced labour is a solvable world problem and develops business solutions to make the market work better for workers and employers alike. Our funding supports Fair to significantly scale its impact to help build and grow ethical employment agencies across Asia.
Hagar works with women and children who have suffered severe human rights abuses. Our grant supports the transition and reintegration of its clients back into family and community life, through the creation of lifeskills courses for trafficked migrants in Singapore.
Jan Sahas has been working with migrant workers and vulnerable communities in India for the past two decades. Our funding will support district migration resource centres in Gurugram.
|Lend A Hand India
LAHI's program complements existing secondary school curricula with employment-related skills. Our grant is supporting a three-year pilot to enhance its program for students across 20 schools in Mumbai and Pune.
MB builds life-skills in adolescents both in and outside of the education system to assist with educational attainment and employment. Our grant supports one community centre and 20 schools in Bhiwandi, a semi-rural area near Mumbai.
NavGurukul offers free higher education and software programming training for girls from diverse, marginalised and low-income backgrounds. Our funding is preparing students with education, job-ready skills and building the capability of the NavGurukul team.
The vision of Naz is to create a just and equitable society by transforming individuals from socially and economically excluded communities into agents of change. Our grant supports Naz's One Nation Netball Cup, which brings together 13-16 year olds from economically disadvantaged backgrounds, and provides opportunities to develop skills and build a sense of social inclusion and community.
Oasis India work to improve the lives of victims of human trafficking as well as children and youth in disadvantaged circumstances. Our grant is supporting skills training of trafficked women in four locations across India.
|Samhita - Collective Good Foundation
Collective Good Foundation is implementing a project to improve the lives of sanitation workers in Maharastra through training, awareness and protective gear distribution and usage.
Seefar has a mission to find a way towards a world in which vulnerable people have more opportunities to advance themselves. Our grant supports the expansion of the Safer Migration Project, which equips returned Filipino migrant domestic workers with knowledge and skills to increase access to decent work in their home country.
Special Olympics is a global movement driving inclusion for people with intellectual disabilities through the transformative power of sports. Through Special Olympics Asia Pacific, our funding supports country programs in the Philippines and Singapore by increasing quality sports training opportunities, unified sport competitions, and the development and training of coaches. In India, our funding towards the Inclusive Youth Leadership Project, will train youth in leadership and soft skills, and contribute to their personal development and employability.
|Splash Foundation Limited
Splash Foundation promotes safety, empowerment and connection for under-resourced communities in Hong Kong through swimming. Our funding supports Splash’s Development Program, extending the reach of the program, while creating a group of community organisers to deliver programs, support events and share knowledge.
|Voice of the Free
Voice of the Free works to address human trafficking, including the exploitation of domestic workers. Our grant supports community education, training and alternative business programs to help mitigate the risk of this form of modern slavery..
|A Better Chance Foundation
ABC provides financial assistance to economically challenged but motivated children to receive schooling. Our grant covers ongoing college education for 45 students in Manila.
Mother’s Choice serves children without families and pregnant teenagers in Hong Kong. Our grant is funding the creation of a holistic L&D Framework, incorporating both core and job competencies, skills and attributes required for both staff and volunteers, so they can provide best in class care.
|Olympic Gold Quest (OGQ)
OGQ supports the training and preparation of India's top athletes. Our grant supports 24 athletes in their journey to win an Olympic medal.
Om Foundation envisions bringing a change in the lives of the underprivileged children by ensuring all-round development and providing them with quality education, healthcare, and balanced nutrition. Our grant supports the primary section of the school
Sheows is a facility offering residential care services to homeless senior citizens in Delhi NCR. Our grant funds the running costs as well as the setting up of a special care unit for senior citizens
|United Way Mumbai
UWM endeavours to address problems that are too large or complex for any one agency to solve. It plays the role of a catalyst in the development sector, to drive social change. Our grant is helping the local hospital for police personel with a Dialysis unit.
|Voluntary Organization in Community Enterprises (VOICE) - by Sanjeevani
VOICE works with neglected, vulnerable and deprived children of Mumbai. Our grant helps with nutrition, skills training and income generation.
Dallaglio RugbyWorks is a long-term skills development programme based on rugby, which aims to help teenagers outside of mainstream education into sustained education, employment or training. Our grant supports the RugbyWorks programme in London-based schools.
|Duke of Edinburgh International Award (Germany)
The Award aims to inspire, guide and support young people through self-development, recognise their achievements, and increase social and economic mobility. Our funding will support a project to bring the Award to schools with high percentages of at-risk students in the eastern part of Germany.
Fundacion Tomillo generates opportunities for young people (aged 12-35 years) in vulnerable situations to develop their full personal and professional potential. Our funding will support an enhanced job placement pilot programme which is aimed at supporting up to 600 young people in Madrid, with 350 people gaining employment.
Islington Giving is an independent group of funders, businesses, residents and voluntary organisations working together to tackle poverty and inequality in Islington. Macquarie is the founding funder of the BIG Alliance (Businesses for Islington Giving).
LTSB is a social mobility charity that prepares and supports bright young people from under-represented communities into meaningful roles with major firms. Our funding will support 120 young people aged 16-24 years to achieve their social mobility aspirations, with a target of over 75 gaining employment.
ReachOut helps change the lives of young people from disadvantaged communities in London and Manchester through one-to-one mentoring. Our grant supports ReachOut's academy and mentoring programme.
|Social Mobility Foundation (SMF)
Social Mobility Foundations supports high-achieving young people from disadvantaged backgrounds into top universities and professions. Our grant is funding the Aspiring Professionals Programme to provide students with an insight into banking and finance (Birmingham Cohort)
Street League uses the power of sport to tackle poverty and give young people the opportunities they need to succeed in life and the workplace. Our grant funds organisation and program support in Scotland.
Telemaque aims to support social mobility in France by supporting underprivileged motivated and involved young people to reveal their full potential. Our funding will support the Telemaque Pro programme, providing mentoring, collective workshops, and financial support to over 500 young people. It will also fund the employment of a full-time mentoring officer.
Universify is addressing educational inequality in the UK by supporting young people experiencing disadvantage to study at university. Our funds are building the capacity of Universify to continue expanding its programs.
The Baobab Foundation supports, grows and strengthens Black and Ethnic Minority communities in the UK. Our grant directly contributes to building solidarity, sustainability, and impact by creating an unprecedented ‘by and for’ led funding organisation with communities at the heart of decision making.
In late 2018, Macquarie Group announced the Macquarie 50th Anniversary Award, a $A50 million philanthropic commitment, to initiate or build on bold ideas to address social need. Finalists were announced in May and winners will be announced in August 2019.
We helped SYC fund research into pilot solutions for long-term youth unemployment and supporting Aurora as it links senior Indigenous secondary students with high-achieving Indigenous university graduates for role modelling.
We supported batyr’s Get Talkin’ Tour, which helped young people in regional NSW feel less alone by providing mental health tips, and rallied together to raise money for a range of drought-affected communities.
We helped raise the funds needed for the International African American Museum to open, so that largely untold stories can be showcased and preserved.
In New York, we worked with the Double Discovery Center at Columbia College, which helps low-income, first-generation youth through their high school and college educations. We also spent 800 hours mentoring and coaching underrepresented students across the region on college and career success.
We matched fundraising efforts and donated 200+ laptops and related computer equipment for the Cambodian Children’s Fund, supporting the provision of free healthcare, childcare, food and nutrition programs, education and housing in impoverished communities.
We’ve supported ChildFund in Korea to provide emergency treatment and protection, as well as intensive psychological treatment and consultation, to underprivileged children who’ve suffered abuse.
We worked collaboratively with local non-profits in the UK as part of the Community Resourcing programme (CoRe). It provides strategic advice and helps build the capability, capacity and sustainability necessary for meaningful community development.
We have supported our staff and the issues important to them such as 30 fundraisers in aid of Teach for Romania.
During our fifth annual Foundation Week in 2018, more than $A2.8 million was distributed to over 180 organisations around the world. In Foundation Week, non-profits receive double-matching of amounts raised up to $A5,000 by Macquarie teams, as well as additional ‘donations for doers’ charitable donations to recognise volunteering activities.
For the past five years, Macquarie Group staff in offices around the world have risen to the challenge of raising funds for causes close to their heart. Together, we have raised and donated $A10 million during Foundation Weeks alone. Thousands of staff have participated in a range of events, from fitness challenges to clothing drives to music and trivia nights.
In FY19 we made it even easier for staff to give money or time on our new staff giving platform: My Community. Now staff can find everything in one place: community activities in their area, easy ways to get involved, and a dashboard to track their giving activity.
In My Community staff can:
New staff giving platform brings everything into one place
Bettina Delos Reyes, Manila Office
For over 30 years, the Macquarie Group Collection has been supporting emerging Australian artists, in all media. The Collection was established in 1987 as part of the Macquarie Group Foundation and now includes more than 800 works that are displayed in over 40 Macquarie offices worldwide.
Under the theme of The Land and Its Psyche, each year a volunteer committee of Macquarie Group staff members and a curatorial expert select submitted works. This year, we celebrate the new remarkable contributions to our growing and significant collection.
Over 200,000 children have participated in a Macquarie Sports program since 1999. More than 60 young athletes have been provided with the necessary experience and opportunities to pursue both their sporting and career goals through the Macquarie Sports Scholarships program. In 2019, Macquarie Sports will celebrate its 20th anniversary.
In FY19 we made it even easier for staff to give money or time on our new staff giving platform: My Community. Now staff can find everything in one place: community activities in their area, easy ways to get involved, and a dashboard to track their giving activity.
In My Community staff can:
Our annual reviews highlight the key financial, volunteering and pro bono support Macquarie and staff contribute around the world each year.