Macquarie Awards $33.7 Million for Global Health, Environment

Macquarie Awards $33.7 Million for Global Health, Environment

The Macquarie Group in Sydney, Australia, has announced the recipients of the Macquarie 50th Anniversary Award, a AU$50 million ($33.7 million) initiative launched in 2018 to support bold ideas that address societal needs around the globe.

Selected by the Macquarie Group Foundation from nearly a thousand applicants, the winners will each receive AU$10 million ($6.74 million) over five years in support of projects in the areas of lifesaving health care, protection against disease, social mobility for low-income workers, and ridding the world's oceans of plastic.

The recipients include Boston-based Last Mile Health, which will use its award to strengthen its efforts to improve community-based primary health care for vulnerable and remote populations in Liberia and expand those efforts to Malawi and Ethiopia; and Monash University in Melbourne, Australia, which will use the funds to expand its World Mosquito Program to more than twenty countries and accelerate efforts to protect a hundred million people from deadly mosquito-borne diseases, including dengue fever, the Zika virus, chikungunya, and yellow fever, by 2023.

The other recipients are the Murdoch Children's Research Institute in Victoria, Australia, which will use its award to launch demonstration projects in Fiji and the Solomon Islands focused on the elimination of scabies as a public health problem; Boston-based Social Finance, which will develop up to twenty-five Pay-for-Success projects and seed a $50 million evergreen fund that sustainably recycles returns and unlocks additional impact investment capital for projects ultimately benefiting hundreds of thousands of low-income Americans; and Rotterdam-based Ocean Cleanup, which will use the funds to complete the critical development phase of its technology so that it can be scaled in a meaningful way across the Great Pacific Garbage Patch.

"We are delighted to work with these organizations over the next five years," said Macquarie Group CEO Shemara Wikramanayake. "Their projects are addressing areas of significant social need and promise meaningful, lasting community benefit."

(Photo credit: Last Mile Health)

"Macquarie Group Announces Five Winners of the Macquarie 50th Anniversary Award." Macquarie Group Press Release 08/27/2019. "Macquarie 50th Anniversary Award Winners Announced." Macquarie Group Webpage 08/27/2019.