Recently Macquarie Group announced the Macquarie 50th Anniversary Award, a $A50 million philanthropic commitment, to initiate or build on bold ideas to address social need.

It is expected to be awarded to five non-profit organizations ($A10 million each) over a five-year period to fund projects globally that will have a lasting community benefit.

To be eligible for the Award, applicants must be a registered non-profit within the applicable country, must have a current minimum annual revenue of $A4 million,and have audited financial statements and a board of directors. They should propose a project that promises lasting community benefit and with a defined approach to measuring its social impact. The project should either be deliverable within a five-year period, with funding to be released according to an agreed project timeline, or demonstrate a strong sustainability model post funding period.

Applications for the Award are closing soon. Submit your application before 5pm local time, Friday 16 November 2018.

Note: A$ = AUD = Australian Dollars