Article | Australian Financial Review
No gender equality? Then no money from this major philanthropist
Tom Snow has no beef with being called an “activist philanthropist” because, he says, that is precisely what he is. Under his leadership, the Snow Medical Research Foundation, which to date has donated nearly $100 million, will only provide new funding to research organisations that meet gender balance benchmarks in leadership, recruitment, promotions and honorary awards. “We are serious about only working with institutions that meet our core values,” said Mr Snow. “Equality is a core belief of our family. So we are tying funding to gender equality outcomes.” Mr Snow is confident his data is bulletproof, having commissioned extensive work to benchmark gender equality across 10 of Australia’s prestigious biomedical research organisations – five universities and five medical research institutes – which have previously received funding from the foundation...