The 7th Day of Christ­mas

Squir­rel away

The Australian Women's Weekly - - Initiative -

Many years ago, Phi­lan­thropy Aus­tralia CEO and mother of three Sarah Davies was pon­der­ing how she and her fam­ily could give back in a way that would have a last­ing im­pact. They de­cided to open a gum­nut ac­count. Ev­ery year, around Christ­mas, each fam­ily mem­ber adds up the amount of money they would spend on gifts and puts half of it into the ac­count, which is pro­fes­sion­ally man­aged by the Aus­tralian Com­mu­ni­ties Foun­da­tion. The money is in­vested and now, 10 years on, the fam­ily has a sub-fund which they can use to make grants to causes and char­i­ties they are pas­sion­ate about. Once a year they sit down to­gether and dis­cuss what they want do to with the money. “It’s a bit like a phil­an­thropic sav­ings ac­count,” Sarah says. “You ac­tu­ally do then not only change your life, but change other peo­ple’s lives sig­nif­i­cantly.”

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.