The Minderoo Foundation was established by the Forrests in 2001 and is aimed at supporting initiatives including ocean research,ending slavery and supporting cancer and community projects.
In 2013,the Forrests were the first Australians to sign Bill Gates’ and Warren Buffett’sThe Giving Pledge,through which they committed to give away most their wealth in their lifetimes.
In the 12 months to June 30,2022,the Minderoo Foundation was the second-highest philanthropic spender after the Yajilarra Trust run by MYOB founder Craig Winkler and his wife,Di,according to data compiled by JBWere Philanthropic Services forThe Australian Financial Review.
Andrew Forrest said the foundation’s wealth would be used to deepen its focus and make a greater impact in the face of looming global challenges,such as climate change and economic disruption.
“As our world faces enormous challenges,we have elected to continue to use our material wealth to help humanity and the environment meet these existential risks,” he said.
‘If you happen to be good at accumulating wealth,then I believe in using that skill for the greater good.’
Andrew Forrest