Twiggy Forrest donation: more philanthropy means more risk-taking - and that's good

Monday’s announcement by mining magnate Andrew Forrest and his wife, Nicola, that they will commit A$400 million toward a range of causes was an important day for Australian philanthropy. The size of the philanthropic commitment – Australia’s largest ever by living donors – certainly drew attention, as did the direction of the funds toward ambitious initiatives. There’s $75 million for a global drive to end modern slavery. Another $75 million will be directed to develop a new blueprint for child development in Australia and beyond. The announcement again highlighted that philanthropy in Australia really is coming of age.