New Chief Executive for Australia’s Oldest Trust
6 August 2012 at 10:50 am
The Wyatt Benevolent Institution which has given more than $62 million to South Australians in need of financial assistance since its first grants 125 years ago has appointed a new Chief Executive.
The new Chief Executive, Paul Madden has been the Chairman of World Relief Australia and will leave positions as Executive Director at Habitat for Humanity SA and Executive Officer at Child and Family Welfare Association SA to join the Wyatt team.
Elisabeth Gazard, the retiring Chief Executive, will assist Madden during the early stage of his appointment, until he takes on the role full time in September 2012.
A philanthropic organisation unique to South Australia and established by one of Adelaide’s first landowners, the Wyatt Benevolent Institution is celebrating a significant milestone in its long history.
The Wyatt Benevolent Institution which has given more than $62 million to South Australians in need of financial assistance made its first grants 125 years ago.
The trust was set up by Dr William Wyatt (1805 – 1886). He was one of Adelaide’s first landowners and held a number of government positions in the city. Dr Wyatt set up the trust in his will in 1881 “to benefit persons …… who may be in poor or reduced circumstances”.
After his death in 1886, the first meeting of the governors of the trust was held.
The first grants were given in 1887 and the Institution has continued to address the complex issues of financial disadvantage and poverty in South Australia.
Wyatt, as the fund is now known, is one of South Australia’s leading philanthropic foundations and has joined with peak national body Philanthropy Australia and local philanthropic foundations to promote the growth of philanthropy in South Australia.