This is one of the articles from our work's Daily News Brief:
Mining magnate Andrew Forrest pledged to give 65 million Australian ($62 million) to university education in his home state in one of Australia's largest philanthropic donations. The chairman of iron ore miner Fortescue Metals Group said AU$50 million will be used to establish the Forrest Foundation to fund scholarships and postdoctoral fellowships at all five universities in Western Australia state. Another AU$15 million will build a residence for rising star researchers called Forrest Hall at St. George's College at the University of Western Australia. BRW magazine this year ranked Forrest, widely known by his nickname Twiggy, as Australia's 9th richest person with a fortune estimated at AU$3.7 billion. Forrest, a 52 year-old entrepreneur who graduated from the University of Western Australia in 1983 with an economics degree, said Australia needed to develop a higher-profile philanthropic culture. "Let us all never forget that only education can be the final key to eliminate poverty in the world and raise the universal standard of living, ultimately to increase the nobility of the human cause," Forrest said in a statement.
I would have to agree with Forrest that education will be the key to eliminate poverty in our world that is such a deep concern in today's society.
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