Nominate
MEDIA, JOBS & RESOURCES for the COMMON GOOD
NEWS  |  Finance, General, Opinion, Philanthropy

WA Resources Boom Must Leave Philanthropic Legacy: Costello


Wednesday, 5th October 2011 at 12:48 pm
Staff Reporter
The head of Australia’s largest aid and development organisation has called on Western Australian individuals and companies to create a ‘legacy of philanthropy’ that outlasts the current resources boom.


Wednesday, 5th October 2011
at 12:48 pm
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
WA Resources Boom Must Leave Philanthropic Legacy: Costello
Wednesday, 5th October 2011 at 12:48 pm
Rev Tim Costello says Western Australia's resources boom must lead to a legacy of philanthropy
Flickr Image:  Some rights reserved by Puddles 

The head of Australia’s largest aid and development organisation has called on Western Australian individuals and companies to create a ‘legacy of philanthropy’ that outlasts the current resources boom.

Rev Tim Costello, CEO of World Vision Australia, says WA needs to ensure that the benefits of the resources boom live much longer that the current surge of profits, much like the legacy of the Victorian gold rush.

Rev Costello says the 1850’s Victorian gold rush not only produced tremendous wealth but also created a culture of philanthropy in the state that is still evident today.

Speaking at a Giving West function at WA’s Government House, Costello says it’s remarkable that Victoria – with just 25 percent of Australia’s population – remains such a strong epicentre of philanthropy, accounting for over half of the philanthropic trusts in Australia.

Rev Costello voiced concerns that although Western Australia’s personal wealth has grown faster than any other state, levels of giving aren’t growing at the same rate.

Rev Costello says Western Australians are very generous, with 90 percent of the population giving to good causes, however the dollar value of their donations is lower than Australia’s as a whole.

He says Western Australia have a rare opportunity to start building a philanthropic legacy now that will still be looked at 100 years from now with pride, gratitude and as a source of ongoing inspiration. WA must take action while the opportunity is there, and not wait for the boom to peak – Costello says this will come and go before they realise it.

Rev Costello says as head of World Vision he sees tremendous generosity displayed by everyday Australians, and he is sure Western Australian individuals and companies will rise to this historic opportunity.




Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers?

Get in touch at news@probonoaustralia.com.au

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Write a Reply or Comment

Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

Philanthropic Scholarship to Boost Indigenous University Students

Maggie Coggan

Tuesday, 11th December 2018 at 5:48 pm

Philanthropy’s Role in Tackling Climate Change

Luke Michael

Monday, 15th October 2018 at 5:01 pm

Why the WA Disability Sector Needs a HR Overhaul

Dayna Edwards

Tuesday, 2nd October 2018 at 8:32 am

New Brooms: How Younger Givers Are Changing Family Philanthropy

Fiona Higgins

Wednesday, 12th September 2018 at 11:11 am

POPULAR

Australians With Disability Twice as Likely to be Evicted Without Cause

Luke Michael

Wednesday, 5th December 2018 at 5:29 pm

NDIS Service Providers Cautious Over Complex Needs Pricing Shake-Up

Maggie Coggan

Monday, 10th December 2018 at 5:11 pm

Tech-for-good Companies Merge to Extend Impact

Maggie Coggan

Thursday, 29th November 2018 at 8:34 am

Putting Disability and Leadership in the Same Sentence

Maggie Coggan

Monday, 3rd December 2018 at 8:56 am

Take Survey
pba inverse logo
Subscribe Twitter Facebook

The social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!