About one-third of the employees at Andrew and Nicola Forrest’s Minderoo charity will lose their jobs as chief executive John Hartman looks to spend less of its $10-billion-plus bounty on administration.
Andrew and Nicola Forrest with Minderoo boss John Hartman on the banks of the Swan River in Perth near the charity’s office. “I am committed to increasing Minderoo Foundation’s emphasis on working with our partners – getting more resources out to organisations so they can accelerate the positive difference they make in people’s lives,” he said.but are still co-chairs of the charity, in 2013 signed the Giving Pledge to give most of their wealth to charity. Entrepreneur Richard Branson, investor Warren Buffett and Microsoft founder Bill Gates are other signatories.
Its expenses of $269 million in the year to June 2023 included $44 million in employee expenses, $97 million of grants and donations in Australia and $58 million of assistance overseas.
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