Equity Trustees distributed more than $70m in the 2015 financial year on behalf of the charitable trusts and foundations for which it is trustee following the wishes and directions of their founders.
Annual distributions were boosted through the merger and subsequent integration of the ANZ Trustees business (now ETWSL) during the year.
Ms Tabitha Lovett, Equity Trustees General Manager of Philanthropy, said synergy from the integration was very timely, broadening the base of Equity Trustees’ philanthropy business and further adding depth of knowledge.
“This has allowed us to provide additional client support at a time of expanding need as granting distributions from trusts has evolved significantly in recent years,” Ms Lovett said.
Read the full Media Release here.