CONTENTS A message of thanks from the Vice-Chancellor 2 Community engagement 40 From the Chancellor 4 The gift of time 42 2013 giving by numbers 8 Gascoignes’ personal art collection donated 46 Funds raised and pledged in 2013 8 Support rises from the ashes 48 How it helped 8 Bringing Haydn to the people 50 Who gave 9 Endowment for Excellence 52 Education 10 President’s message 54 A stellar year for philanthropy 12 Endowment for Excellence Board of Governors 55 $1 million to support languages 16 2013 Board members 55 A gift from the heart 18 2013 Ex-Officio board members 55 Scholarship prioritises Indigenous health 20 Foundations of the Endowment 56 Computing changing the world 22 From art students to professional artists 61 Setting the foundations for corporate law 24 Major benefactors 62 A physical legacy 26 2013 Donors 66 Income statement 74 Research 28 Balance sheet 75 Foundation funding key to independent Financial Report summary 76 aid research 32 Storing Australia’s energy 34 Accelerating professional development 36 Industry partnership towards cancer treatment 38 Cover photo: Some of the Tuckwell Scholars at the Commencement Event. Photo by Adam da Cruz. The Australian National University 1 A MESSAGE OF THANKS FROM THE VICE-CHANCELLOR Welcome to The Australian National The performance of the University’s Endowment is overseen by the Board of Governors, and I thank them for University’s 2013 Report to Donors. their contribution in 2013. This Report celebrates a busy year The impact of philanthropy at ANU can be seen in the for the University and a stellar year stories of our students and researchers who are finding for philanthropy at ANU. treatments for cancer, helping the electricity industry become cleaner and are solving the world’s problems Arranged as a collection of stories, it describes some of the through exploration and development in areas such as many great acts of philanthropy that have enabled our Indigenous health. continued success as one of the world’s finest universities. From individuals to corporate foundations – many people These stories demonstrate the impact of giving to ANU generously support ANU in ways that are significant to and highlight the many ways one can make a contribution. them. It is this support that bolsters our community and It is these individual contributions that shape our helps us achieve what otherwise may not have been philanthropic culture. thought possible. A strong culture of philanthropy is necessary at Within these pages you will read about Graham and Louise institutions like ANU. It enables freedom and flexibility, Tuckwell and their $50 million gift to establish the Tuckwell which leads to diversity. It is this diversity that will Scholarships at ANU. It is not just their financial support continue to distinguish ANU as a place of excellence and which makes their gift unique – it is the time, energy and as a university of distinction. commitment Graham and Louise have dedicated to this This is why every single gift is enormously important. cause. Their passion has inspired many and has had I thank you – our donors, friends, alumni and staff – significant impacts beyond ANU. It has transformed without your generosity, these successes would not have philanthropy in Australia with two further donations to been possible. Your continued support has a lasting and Australian universities, with both gifts exceeding $50 million. meaningful impact at Australia’s national university. Graham and Louise’s leadership was recognised by the Australian Business and Higher Education Round Table (B-HERT) with their decision to award the Tuckwells with the 2013 B-HERT Award for Outstanding Philanthropic Support of Higher Education. The year has also seen a significant increase in philanthropic giving to the University. More than $64 million (including pledges) was donated to the University in 2013, Professor Ian Young AO up from six million dollars in 2012. This success was also Vice-Chancellor and President reflected in the growth of the ANU Endowment for The Australian National University Excellence from $206.46 to $241.8 million with the addition of 36 new funds. The Endowment distributed more than $7.6 million in support of education and research across the University over the course of the year. 2 The Impact of Giving | 2013 ANU Report to Donors FROM THE CHANCELLOR It gives me great pleasure to thank the I further recognise the generosity of those who have given in other ways. In January we saw the ANU community band University’s many generous donors together to raise $25,500 to support the ANU staff who lost in 2013. It was a significant year for their homes and possessions in the bushfires that swept philanthropy at ANU. through the Siding Spring Observatory near Coonabarabran. I would also like to recognise and thank those who made gifts Indeed, a strong and promising culture of philanthropy at ANU of their time, knowledge and possessions. We were extremely is emerging. The year started with the announcement of a $50 grateful to receive a 12-piece artwork collection formerly million gift from Graham and Louise Tuckwell. At the time, it owned by celebrated Canberra artist Rosalie Gascoigne AM was the largest gift ever made to an Australian university by and her astronomer husband, former ANU Professor Ben Australian donors. Gascoigne AO. The collection was donated by the late couple’s The gift helped establish the Tuckwell Scholarships, which children, Martin, Hester and Toss, through the ANU Visual Arts will transform the lives of the many Tuckwell Scholars who will Foundation. receive support in the years to come. It will also transform ANU, While it is right and proper to celebrate all that has been allowing the University to attract an ever increasing number achieved, it is also important to recognise the challenges. of high-quality students, who will no doubt make outstanding The Endowment is a growing and secure investment in the academic contributions as well as strengthen ANU culture University’s future but ANU, like other Australian universities, through their achievements outside the classroom. This gift faces the likelihood of declining government support. has and will continue to alter the sense of what is possible in Australian and educational philanthropy. Philanthropic giving is a fundamental source of revenue for the University and as the Vice-Chancellor states; all gifts – I would like to thank the Tuckwells, as well as all those donors however small – are gratefully received. I heartily commend who have given generously to our scholarship funds. Peggy Daroesman’s story to you. Peggy and her family Support for education continued with an anonymous donor established a study grant in memory of their mother, Ruth. making a one million dollar donation to enhance Portuguese, Peggy’s philosophy: ‘by giving a little you are actually giving Russian and Indigenous Australian language studies at ANU. a lot’ demonstrates an attitude and generosity of spirit that is The gift will provide financial assistance to students studying admirable and achievable. these languages, support teaching and research by academics Please accept our heartfelt thanks for all your gifts to our in the humanities and social sciences, and provide funds for students, our research and our institution. Over time we hope additional casual teaching and academic staff. that many more will follow your inspiring example. In August, Sydney-based global life-sciences business, Sirtex Thank you. Medical Limited, sponsored a new industry Chair focusing on research into localised cancer treatment. Sirtex has committed to sponsor the Chair for a total of up to three million dollars over three years. This support represents an exciting collaboration between ANU and industry, and demonstrates that universities like ANU have the ability to drive real and rapid change. Professor the Hon Gareth Evans AC QC FASSA Thank you to all those donors, private and corporate, who Chancellor supported our world-leading research efforts. Support for The Australian National University research effects real change in the world, and the reach of your generosity will continue for years to come. 4 The Impact of Giving | 2013 ANU Report to Donors I’d like to express my gratitude to the donor of the prize. I loved the course Marine Ecology so really strived to work my hardest towards bettering every assessment. It’s great to know that my hard work paid off and has been recognised in this way. Emma Day 2013 recipient of the Antonella Salpietro Prize in Marine Ecology. 2013 GIVING BY NUMBERS Funds raised and pledged in 2013 $64.05 million $155,592 funds raised given to ANU by staff for the University $241.08 through the Workplace (including pledges) million Giving program value of the Endowment $55.86 million $50 million raised for the largest pledge in 2013 Endowment for Excellence How it helped 268 scholarships awarded 36 new endowment 413 funds in 2013 prizes awarded 8 The Impact of Giving | 2013 ANU Report to Donors Who gave1 40 14 international trusts and donors foundations 513 979 38 new donors total corporates donors 230 179 alumni donors ANU staff 1 Excludes Bequests NB: All figures refer to activity in the Endowment for Excellence in 2013 unless specified otherwise. For more financial detail on the Endowment see page 74. The Australian National University 9 Education 10 The Impact of Giving | 2013 ANU Report to Donors A STELLAR YEAR FOR PHILANTHROPY The largest gift ever given to an With 25 scholarships awarded every year, a community of Tuckwell Scholars will quickly emerge. The Tuckwells hope Australian university for the benefit the group will create a bond that lasts well beyond the of students by an alumnus to his Scholars’ time on campus.