Nicola Forrest, one of Australia’s richest people, donates at least $500 million to her philanthropic vehicle, Coaxial Foundation, in what outlets describe as one of the largest single gifts by a living individual in Australia. Forrest says there is “so much that needs to be done” and frames the donation as a response to significant community hardship.
Across reports, the donation is described as about $520 million in cash and shares moved into the foundation. One outlet adds that the foundation’s funding includes a roughly $67 million donation directed to Indigenous communities, as well as programs aimed at supporting women founders. The coverage emphasizes the scale of the transfer and positions it as a major boost to the foundation’s future work rather than a series of smaller, separate grants.
