Macquarie Bank Foundation approves almost $1.7 million in quarterly grants

03 May 2005

The Macquarie Bank Foundation has approved grants to 26 community organisations worth almost $1.7 million at this month's quarterly board meeting.

The grants include a $250,000 five-year partnership with the State Library of NSW to make its billion-dollar collection of Australian heritage available online.

The partnership will apply specifically to 'the Macquarie era', covering the governorship of Lachlan Macquarie and his influence on the development of the fledgling Sydney colony.

Foundation Chairman David Clarke said the interactive online facility would feature books, maps, pictures and manuscripts from Governor Macquarie's time in the colony in the early 1800s.

"The State Library of NSW boasts the world's greatest collection of all things Australian and this partnership will help take this unique collection to the world," he said.

"It is only fitting that Macquarie Bank, which takes its name from this great Governor, should be associated with this project."

Other grants approved by the Foundation in the latest round include:

  • A funding increase to OzHarvest, a new charity which distributes leftover food from restaurants and caterers to refuges and shelters in Sydney. The Macquarie Bank Foundation is the core founding partner.
  • A partnership with The Prince's Trust in the United Kingdom, which provides low interest start-up loans to young underemployed or unemployed people, who have a strong business plan but have been denied bank funding.
  • Funding for the Australian Maritime College in Tasmania, to help establish a National Centre for Marine and Coastal Conservation.
  • The purchase of vital medical equipment for the Queensland branch of the Royal Flying Doctor Service over the next three years.
  • Funding support for the Salvation Army's Joblink Program, which aims to place mature workers back into the workforce.
  • The publication of a booklet to raise awareness of the Fragile X syndrome, the most common inherited form of intellectual disability.

Macquarie Bank has provided support to community programs for more than 30 years, with the Macquarie Bank Foundation established in 1984 to formalise this commitment.

Currently, the Foundation contributes more than $4.5 million a year in grants to about 250 community organisations, in the areas of education, health care and research, welfare, environment and the arts.

Mr Clarke said the Foundation also sought to actively encourage and support Macquarie staff in their own community activities.

"Many of these grants have either been referred to us by Macquarie staff or have been made in support of staff who are actively involved with these community organisations," he said.

For further information, please contact:

David Clarke
Macquarie Bank Foundation
Tel: (612) 8232 3413

Julie White
Macquarie Bank Foundation
No.1 Martin Place
Sydney NSW 2000
Tel: 612 8232 9673
Fax: 612 8232 6346

Karen Boalch
Communications Manager
Macquarie Bank Foundation
Tel: (612) 8232 7339

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