Gifts that keep on giving
Major gifts provide a permanent endowment, or direct funds, for a major project or specific area. They can take the form of an Endowment Gift in which fund are invested to preserve the principal gift, while the interest is spent on a specific project which allows the gift to have a great impact over a longer period of time, or as a Disbursement Gift where funds are fully expended on a nominated project of specific area of need.
McKinnon Walker Trust investing in innovation
Former University of Wollongong (UOW) Vice-Chancellor Emeritus Professor Ken McKinnon AO and his wife Ms Suzanne Walker, a UOW alumnus have a life-long commitment to the importance of investing in bright ideas.
Their combined vision to seed innovative ideas has meant that Professor McKinnon and Ms Walker are delighted to announce a personal philanthropic gift of $1.3 million to the University of Wollongong. Their gift will establish the McKinnon Walker Trust to foster innovation and support excellence.
The Trust will generate an annual income to support the McKinnon Walker Grants to be allocated annually at the full discretion of the Vice-Chancellor. Academic staff, Professional staff and currently enrolled students will be eligible for consideration to receive a McKinnon Walker Grant.
Emeritus Professor Ken McKinnon sees this Trust as an opportunity to let creative ideas flourish. The McKinnon Walker Grants will not be administered under a formal application process. The Grants will be allocated at the timing and discretion of the Vice-Chancellor according to the vision of the gift and will commence in 2016.
For further information, please email Monique Harper-Richardson, Director of Advancement.
Millions of reasons to get an Early Start
The Abbott Foundation’s $7 million contribution to the University of Wollongong’s (UOW) Early Start project is the largest philanthropic donation in the history of the University.
The donation from the Founder and Director of the Abbott Foundation, Mr Christopher Abbott AM, was also a significant part of UOW’s submission to the Federal Government’s Education Investment Fund (EIF) for funding for the project.
Mr Abbott created the Abbott Foundation in 2009 with the express purpose of supporting ventures that provide learning opportunities for young children which will promote their interest and capabilities for further education.
The Early Start Facility will feature a Children’s Discovery Centre, fulfilling one of Mr Abbott’s visions for the Foundation.
Retired farmer planting seeds for future success
When Illawarra farmer Richard Miller sold his dairy farm he wanted to give something back to the community in which he had lived and worked most of his life.
He also established the Illawarra Health and Medical Research Institute (IHMRI) Summer Scholarship Program to fund projects on dementia, following the death of his wife Janet from Alzheimer’s Disease.
Over the past six years, Mr Miller has gifted $182,000 to UOW and in early 2014 donated another $500,000 to establish the scholarship program in perpetuity. This will bring Mr Miller’s total support to UOW to $682,000 with the possibility of extending to $750,000.