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19 January 2026
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Here are 13 final reflections about wealth after 23 years working in the Australian philanthropy sector*:
It’s time for a frank discussion on philanthropy in Australia. Given the wealth created in Australia in recent decades, philanthropy leaders should be targeting a much bigger and much better philanthropic sector. I’m not seeing it. The status quo isn’t working, other than some magic in a few areas.
“It’s amazing what you can accomplish if you don’t care who gets the credit”. Harry Truman
Peter Winneke is a philanthropy adviser and consultant, and author of “Give While You Live: A practical guide to more & better giving in Australia”.
*This is an edited version of Peter’s 31.10.25 LinkedIn post, “23 reflections about wealth after 23 years in the philanthropy sector”.
A ‘Top 50 Givers List’. What a fantastic idea. Let’s do it.
Thanks Peter. I think the dearth of comments on your provocative points is telling. Looks like we have a challenge when we launch Generous You in 2026....
Philanthropy is paying 43% average income tax over a 40+ year professional career.
"6. We need to better tell the story of how a family foundation can be an extraordinary educational tool for the next generation. A foundation is a microcosm of a business. The kids can learn about governance, managing money, setting a mission, developing and implementing a strategy, measuring impact and the responsibility of wealth.":'Bunk of Dad&Mum'; Save 80%-90% of after tax after super income for about 4 years, investing sensibly, buy home at price matching savings, no mort-gage, go on to save 50%. Fail to save, pay market rent to 'Bank of Mum&Dad', fail to pay rent, get shoved out the door.
I’m on the board of a PAF- finding efficient charities is as much of challenge as managing the parasites accumulating FUM. I should know, I was one of them.
what is your thoughts on the metrics approach from EA entities like givewell and (I think) Singer's "life you can save" has somet rankings too. Sure EA took a major reputational hit due to SBF, but apparently the USAID disbanding has revitalized it somewhat. Your "efficient" metric may be different to theirs which I believe is not about admin overhead but impact to the planet/sentient beings.
Excellent article. Great work Peter. And great work James in finding it and promoting it. Some of the excellent points are: • #1 – very true, especially incorporating #2. Many people have more than enough wealth for themselves and for their kids.• # 8 – That is a huge amount of money and could do a lot of good.• #12 and #10 – a major goal or vision. Our wealth and intelligence could solve most/all issues, especially empowering social entrepreneurs.• #4 Top 50 Givers – a great idea. I cannot see a downside.
Peter,No mention people/business may donate but don't want it to be public information on a list.Realise give whilst live article but executed 2 Wills, charities sole beneficiary, neither made large donations to reduce income tax in lifetimes which in a way, is laudable. Probably many such whole of estates but done quietly after death so no figures publicly available of large gifts which came from after-tax income.I take it you mean your figure of $500bn is deductible as not further defined, some may question lack of income tax paid on $500bn over 20yrs, whether such deductions or part of should be allowed or if a business can afford high charitable donations to be called "philanthropic' then it can afford non - deductible gifting.
How have so many wealthy families through history managed to squander their fortunes? This looks at the lessons from these families and offers several solutions to making and keeping money over the long-term.
With impending Stage 3 tax cuts incentivising taxpayers to bring forward future tax deductions while tax rates are higher, it’s a good time to explore how to bolster your tax savings and community impact through structured giving.
Structuring giving using Public or Private Ancillary Funds is an attractive strategy for donors who need a tax deduction now, and the flexibility to distribute the funds to charity over time.
Two years ago, I wrote an article suggesting that the odds favoured ASX shares easily outperforming residential property over the next decade. Here’s an update on where things stand today.
The superannuation system has succeeded brilliantly at what it was designed to do: accumulate wealth during working lives. The next challenge is meeting members’ diverse needs in retirement.
At this time last year, I forecast that 2025 would likely be a positive year given strong economic prospects and disinflation. The outlook for this year is less clear cut and here is what investors should do.
Treasury has released draft legislation for a new version of the controversial $3 million super tax. It's a significant improvement on the original proposal but there are some stings in the tail.
What are the best ways to build a simple portfolio from scratch? I’ve addressed this issue before but think it’s worth revisiting given markets and the world have since changed, throwing up new challenges and things to consider.
I am a professional real estate investor who hears a lot of opinions rather than facts from so-called experts on the topic of property. Here are the largest myths when it comes to Australia’s biggest asset class.
Nearly all the indicators an investor would look for suggest that this secular bull market is approaching its end. My models forecast that the US is set for 0% annual returns over the next decade.
We don’t have a housing shortage; we have housing misallocation. This explores why so many bedrooms go unused, what’s been tried before, and five things to unlock housing capacity – no new building required.
Lump sum investing usually wins, but it can hurt if markets fall. Using 50 years of Australian data, we reveal when staging your entry protects you, and when it drags on returns.
It has been years since the US stock market has been so focused on a single driving theme, and AI is unquestionably that theme. This explores what it means for US and global markets in 2026.
The US has elevated energy to a national security priority, tying cheap, reliable power to economic strength, AI leadership, and sovereignty. This analyses the new framework and its implications for Australia.
Most people know Maduro was a dictator and Venezuela has oil. Few grasp the depth of suffering or the country’s democratic history - essential context as the US ousts Maduro and charts Venezuela’s future.