The Clive and Vera Ramaciotti Foundation is an Australian philanthropic organisation established by Clive Victor Ramaciotti (1883 — 3 August 1967), an
Australian
Australian(s) may refer to:
Australia
* Australia, a country
* Australians, citizens of the Commonwealth of Australia
** European Australians
** Anglo-Celtic Australians, Australians descended principally from British colonists
** Aboriginal Aus ...
philanthropist
Philanthropy is a form of altruism that consists of "private initiatives for the public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material ...
, and his sister,
Vera Ramaciotti. The Foundation was established in 1970 with an investment of $6.7 million arising from the sale of the
Theatre Royal, Sydney
Theatre Royal Sydney (TRS) is a theatre in Sydney, Australia. Earlier theatres also called the Theatre Royal, on the same site, date back to 1833. The current building, designed by modernist architect Harry Seidler, was built in 1976 and has o ...
, left to the siblings by their father Gustavo. The funds combined capital is in excess of $60 million. A Scientific Advisory Committee advises Perpetual on the grants to be awarded each year.
In 1970, when the Foundation had accumulated interest of $600,000, initial payments were made to 27 institutions. By 2008, the fund had allocated over $45 million to biomedical research supporting more than 3000 research programs; by 2020, over $61 million in funding had been allocated.
In 2024, the foundation was seen as one of the largest private contributors to Australian biomedical research. The Ramaciotti Biomedical Research Award gives out $1 million every two years for university and hospital research. The Ramaciotti Medal for Excellence ($50,000) is awarded annually, while eight Ramaciotti Health Investment Grants are also awarded each year.
[ Funding and Philanthropy website, ''Funding outliers: Ramaciotti Foundations approach a milestone'', article by Clare Joyce dated January 30, 2020]
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Clive Ramaciotti
Ramaciotti was the only son of Ada and Gustave Mario Ramaciotti, the owner of the Theatre Royal in King Street, Sydney
King Street is a street in the Sydney central business district in New South Wales, Australia. It stretches from King Street Wharf and Lime Street near Darling Harbour in the west, to Queens Square at St James railway station in the east.
...
, Australia. He was born in Ashfield and attended Newington College
Newington College is a multi-campus Independent school, independent Uniting Church in Australia, Uniting Church Single-sex education, single-sex and Mixed-sex education, co-educational Pre-school education, early learning, Primary school, primar ...
(1894–1900). After leaving school he worked in banking and as a stockbroker
A stockbroker is an individual or company that buys and sells stocks and other investments for a financial market participant in return for a commission, markup, or fee. In most countries they are regulated as a broker or broker-dealer and ...
and on the death of his father he was a man of independent means. At the time of his death he left to his sister an estate of $1.7 million. Death duties were estimated to be $830,000.
References
External links
Perpetual Trustees
The Clive & Vera Ramaciotti Centre for Gene Function
ANU Research Centre
The Ramaciotti Centre for Cryo-Electron Microscopy
{{DEFAULTSORT:Ramaciotti, Clive
Organisations based in Australia
1970 establishments in Australia