Australia’s culture of giving
Early in life, while you are accumulating assets and developing your financial acumen, you will probably donate to your favourite charities on an ad hoc basis. However, once your personal wealth has grown to a certain level, you may wish to start thinking of the good that you want to do in this world and the legacy you wish to leave.
Some people choose to take their commitment to giving to a higher level. Known as philanthropists, these are usually high net worth individuals who have both the means and the motivation to make a difference through their support of charities, foundations and not-for-profit organisations.