Perpetual has launched IMPACT Philanthropy, a philanthropy program which matches philanthropists with not-for-profit (NFP) organisations.
Perpetual, which distributed over A$83m on behalf of the 900 charitable trusts and endowments in 2014, said that this year it will offer a limited number of organisations with grants up to the value of $1m each.
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Andrew Thomas, general manager of philanthropy in Perpetual, said, "Impact has long been the central theme of Perpetual’s approach to working with philanthropists and partnering with the NFP sector, and IMPACT Philanthropy is about embedding that in everything we do."
The launch comes about a year after the company’s acquisition of The Trust Company.
At the same time, the company has now also opened applications for funding through its 2015 IMPACT Philanthropy Application Program.
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