The superannuation fund Australian Ethical has announced the 19 recipients of its largest ever grants program after continued growth in the last financial year.
Australian Ethical will give out $320,000 to 19 not-for-profit organisations in Australia and overseas and this year’s grant will bring the total donated to more than $2.5 million over 18 years.
Each year, Australian Ethical donates 10 per cent of its after-tax profits to charities and initiatives through the Australian Ethical Foundation.
Australian Ethical chief executive and managing director Phil Vernon said the continued growth of the fund allowed them to give more back each year.
“We believe business can and should make a positive impact on the world. That’s why we are honoured to support grass roots organisations that are passionate about making the world a better place,” said Mr Vernon.
One of the recipients of the grant is Where Pigs Fly Sanctuary, which will use the grant to become more drought resilient through the building of a barn to store hay and care for rescued farm animals.
Owner of the sanctuary Debbie Pearce said the $20,000 grant would help them survive through the current drought and cut costs significantly.
“The Community Grant is absolutely amazing for us. We’re so grateful to Australian Ethical for the opportunity to build a barn that will make a difference to so many animals’ lives,” she said.
The grants have been awarded to a diverse range of initiatives within key categories of People, Planet and Animals.
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