Clive Ramaciotti
Encyclopedia
Clive Ramaciotti was an Australian philanthropist
Philanthropist
A philanthropist is someone who engages in philanthropy; that is, someone who donates his or her time, money, and/or reputation to charitable causes...

 who with his sister, Vera Ramaciotti
Vera Ramaciotti
Vera Ramaciotti was an Australian philanthropist who with her brother, Clive Ramaciotti, established the Clive and Vera Ramaciotti Foundation.-Early life:...

, established the Clive and Vera Ramaciotti Foundation.

Early life

Ramaciotti was the only son of Major General Gustave Ramaciotti CMG
Gustave Ramaciotti
Major General Gustav Mario Ramaciotti CMG was an Italian-born Australian law clerk, theatrical manager and soldier who was well known in Sydney's legal services.-Early life:...

, the owner of the Theatre Royal in King Street, Sydney, Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...

. He was born in Ashfield
Ashfield
Ashfield is a local government district in western Nottinghamshire, England. According to the 2001 UK census, it has a population of 111,387. The district is mostly urban, with a tradition of coal mining. There are three towns in the district; the largest being Sutton-in-Ashfield...

 and attended Newington College
Newington College
Newington College is an independent, Uniting Church, day and boarding school for boys, located in Stanmore, an inner-western suburb of Sydney, New South Wales, Australia....

(1894-1900). After leaving school he worked in banking and as a stock broker
Stock broker
A stock broker or stockbroker is a regulated professional broker who buys and sells shares and other securities through market makers or Agency Only Firms on behalf of investors...

and on the death of his father he was a man of independent means.

Legacy

He was interested in bio-medical research and with his sister Vera, planned the establishment of the Clive and Vera Ramaciotti Foundation. The Foundation was established with an investment of $6.7 million and is managed by Perpetual Trustees. 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. Since its establishment the fund has allocated over $45 million to biomedical research supporting more than 3000 research programs.

External links

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