Macquarie Group Foundation 2019 Annual Review

A record year of contributions to the communities in which we live and work

Chair's message

Message from Mary Reemst, Chair, Macquarie Group Foundation

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.

Swipe for more
Mary Reemst*
Chair, Macquarie Group Foundation
David Fass
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.

$A31.7 million1

a record sum of money given this year

53,000 hours1

time volunteered during the year

1,600 +1

non-profits supported

240+ 1

employees on non-profit boards

Money given since inception – more than $A360 million2

Global grant-making focus area

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.

Our grant partners3

In focus: supporting organisations providing economic engagement for young people through education, employment and training.

Swipe for more
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.
Swipe for more
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.
Swipe for more
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.
Swipe for more
Clontarf Foundation
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.
Swipe for more
Creating Chances
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.
Swipe for more
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.
Swipe for more
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.
Swipe for more

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.
Swipe for more
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.
Swipe for more
Raise Foundation
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.
Swipe for more
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.
Swipe for more
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 will support Together 4 Youth to undertake research and development work.

Out of focus

Swipe for more
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.
For Purpose Investment Partners
For Purpose Investment Partners (FPIP) is Australia's first dedicated, large scale social impact investment manager. FPIP has an explicit focus on five social sectors of significant social need and where capital investment can create meaningful change outcomes: skills education, aged care, mental health, disability, and social affordable housing.2 
SEFA Partnerships
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.

In focus: supporting organisations promoting college access, success and career attainment for underrepresented youth.

Swipe for more
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.
Swipe for more
Breakthrough NY
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
Swipe for more
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.
Swipe for more
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.
Swipe for more
Graduate NYC
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.
Swipe for more
OneGoal Houston
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.
Swipe for more
Philadelphia Futures
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.
Swipe for more
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.
Swipe for more
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.

Out of focus

Swipe for more
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.

Racial Equity Fund

Swipe for more
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.

In focus: supporting organisations providing better migration outcomes for migrant workers as a means to combat modern slavery.

Swipe for more
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.
Swipe for more
Aidha works to empower and provide opportunities for foreign domestic workers and lower-income women to transform their lives through sustainable wealth creation. Our grant supports Aidha to create short financial courses for foreign domestic workers, so as to empower them to make better, more informed financial decisions.
Swipe for more
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.
Swipe for more
Bright Future
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.
Swipe for more
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.
Swipe for more
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.
Swipe for more
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.
Swipe for more
Hagar Singapore
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.
Swipe for more
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.
Swipe for more
Magic Bus
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.
Swipe for more
Navgurukul offers low-cost, higher education and software programming training for girls from diverse, marginalised and low-income backgrounds. Our funding supports the higher education program of 14 girls in India for one year, using a local language curriculum with a strong focus on providing practical exposure to solve real-world problems, professional growth and employability.
Swipe for more
Naz Foundation
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.
Swipe for more
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.
Swipe for more
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.
Swipe for more
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.
Swipe for more
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..

Out of focus

Swipe for more
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
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
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.

In focus: supporting organisations that promote social mobility for young people through education and employment opportunities.

Swipe for more
Dallaglio RugbyWorks
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.
Swipe for more
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.
Swipe for more
Islington Giving
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).
Swipe for more
Leadership Through Sport and Business
The BIG Alliance enables employee volunteering and engagement in community, voluntary and not-for profit organisations, employability projects and schools, colleges and universities across Islington.
Swipe for more
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.
Swipe for more
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)
Swipe for more
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.

Macquarie 50th Anniversary Award

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.

Our people

How we’ve supported the community in Australia over the year:

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.

How we’ve supported the community in the Americas over the year:

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.

How we’ve supported the community in Asia over the year:

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.

How we’ve supported the community in Europe, the Middle East and Africa over the year:

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.

Foundation Week

$A10m donated over five Foundation Weeks 

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.

My Community

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: 

  • Request matching for donations and fundraising
  • Directly donate to the organisation of their choice, with Foundation matching automatically requested
  • Set up fundraising and volunteering opportunities
  • Log their volunteering hours
  • See how much they have donated and volunteered through the year
  • Explore what’s on in their region.

New staff giving platform brings everything into one place

“My Community has been a great way to let staff know about volunteering opportunities. We recently put up opportunities to run mock interviews for one of our charity partners, and the spaces were filled within 24 hours.”

Bettina Delos Reyes, Manila Office

Detail from “Around and Within” exhibition, Space Gallery, 2018. Image Flashpoint Labs.

Macquarie Group Collection year in review

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.

Macquarie Sports

Removing barriers to participation

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.

Community activities in one place

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: 

  • Request matching for donations and fundraising
  • Directly donate to the organisation of their choice, with Foundation matching automatically requested
  • Set up fundraising and volunteering opportunities
  • Log their volunteering hours
  • See how much they have donated and volunteered through the year
  • Explore what’s on in their region.

Annual Reviews

Our annual reviews highlight the key financial, volunteering and pro bono support Macquarie and staff contribute around the world each year.

  1. Since inception in 1985.
  2. Contribution figures comprise Macquarie Group Foundation matching support for staff donations and fundraising; Foundation donations to commemorate staff attaining 10-year and 25-year anniversaries at Macquarie; Foundation grants to not-for-profit organisations to recognise 12 months of board service by a Macquarie employee; and Macquarie Group and Foundation grants to community organisations since inception in 1985. In the 12 months to 31 March 2019.
  3. Grant funds either paid in full or utilised during the 12 months to 31 March 2019.