Macquarie Group Foundation
Recognising that many people around the world face systemic barriers to employment, our social impact investments focus on breaking down these barriers and building effective pathways to economic security.
Through our social impact investments, we are expanding the impact and sustainability of our community efforts. A one-off $A20 million allocation is being used to fund impact-first catalytic capital investments, addressing social needs of vulnerable members of our community, in the areas of education and employment.
This catalytic funding aims to be patient, risk-tolerant, flexible and concessionary. Any financial returns will be re-invested into future Foundation social impact projects.
Over the next nine months, up to 170 people living with a disability will be supported into award wage employment with one of nine jobs-focused social enterprises selected to participate in a landmark Payment By Outcomes trial. As each person achieves milestones in their employment, the social enterprise employing and supporting them will receive outcomes-based payments at 6, 12 and 18 months, as well as additional payments when an employee chooses to transition to another employer. The payments will cover the costs of the wrap-around supports these businesses provide people living with a disability such as workplace capacity building, flexible work environments, social support structures, and career support. Macquarie Group Foundation, Tripple and Hand Heart Pocket Foundation have invested to fund the upfront costs and provide working capital to get the trial underway.
Read more about the Payment By Outcomes (PBO) trial.
Small businesses are the backbone of emerging economies in the Asia-Pacific, yet struggle to access funding and support. This problem is compounded for women entrepreneurs, who face discrimination and lack the same collateral, education and ownership rights as men. Macquarie's investment into the Good Return Impact Investment fund will finance SMEs in rural Indonesia and Cambodia, focussing on businesses which are women-led and generate jobs and income in low-income communities. The funding will also provide business skills and training and better access to markets for these businesses. The wider impact will be a more inclusive economy, where more businesses can play a role in building sustainable incomes for families, generating jobs and growing the economy.
in Australia, Hong Kong, Singapore, United Kingdom or United States
of $A500,000 or above, with an expected financial return
and metrics to demonstrate social impact
in employment and skilling sector, with a focus on young adults
If your project meets all of the above criteria, please contact us via the button below.
Our global grant making is focused on breaking down barriers to employment. If your organisation is seeking grant funding visit our dedicated page to find out more.