Macquarie 50th Anniversary Award
In late 2018, to celebrate Macquarie Group’s fifty years of operations, we announced the Macquarie 50th Anniversary Award, a $A50 million philanthropic commitment to initiate or build on bold ideas to address social need. The Macquarie Group Foundation team is managing the judging process as well as the ongoing program.
Selected from close to 1000 applications, the 12 finalists were announced in May. The finalists address issues across the education, healthcare, accessibility, human rights and social justice, impact investing and environment sectors. As part of the Award selection criteria, each project demonstrates the potential for lasting community benefit and a defined approach to measuring social impact. The projects will be delivered over the next five years, with funding to be released according to an agreed project timeline and a demonstrated sustainability model following the funding period.
The Macquarie Group Foundation Committee will select the five Award recipients from the finalists and are expected to be announced in August 2019. The Award supplements the ongoing activity of the Foundation.
“The Macquarie 50th Anniversary Award extends the longstanding approach of our Foundation to give back to the communities in which our staff live and work,” said Macquarie Group Chief Executive Officer Shemara Wikramanayake.
“We are delighted with the calibre and diversity of applicants for the Award, having selected finalists with bold projects that promise meaningful, lasting community benefit.”