Super and investment management organisation Australian Ethical has announced the winners of its Community Grants program. Collectively, these 20 grassroots organisations will receive a share of $360,000 for their efforts across three areas: people, planet and animals.
This is the highest pool of prize money the ethical investment company has offered for the program, which is a yearly staple of the Australian Ethical Foundation, Australian Ethical’s charitable arm. To date, it has donated more than $3.8 million with its Community Grants program.
The Foundation gives away 10 per cent of Australian Ethical’s post-tax and pre-bonus profits to charitable organisations and social impact initiatives. Australian Ethical has about $3.42 billion in funds under management across superannuation and managed funds.