Macquarie donates $12m to COVID-19 relief

Macquarie Group today announced that it has allocated $12m ($A20m) to the Macquarie Group Foundation so it can make donations to organisations working to combat COVID-19 and provide relief. The fund will focus on recipients addressing areas of immediate and medium-term need in Australia and across the regions in which Macquarie operates.

Macquarie group chief executive officer, Shemara Wikramanayake, said: “The COVID-19 crisis is placing sudden and significant human and economic stress on communities around the world. The decision to make this additional donation, over and above the Foundation’s usual activities, is in recognition of the exceptional challenges that COVID-19 is presenting right now, and will present in the medium term, as communities turn their focus to economic recovery.”

The donation announced today follows the $31m commitment that Macquarie made in 2019 across five community health, social finance and environmental initiatives to mark its 50th anniversary.

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