Derived from the Greek word philanthrōpía, meaning 'love of humankind,' philanthropy at its core is a celebration of connection, compassion, and the desire to uplift others. When practised, it offers the extraordinary privilege of witnessing the opportunities and transformation that generosity can create. As our world faces complex challenges and our communities grow increasingly interconnected, fostering a culture of giving – especially among young women – is more important than ever. When women are empowered to give, they don’t just uplift individuals – they elevate entire communities. They give with purpose, with empathy, and with vision. By nurturing these values in the next generation, we lay the foundation for a more compassionate, inclusive, and equitable society.

The Rise of Female Financial Influence

Australia is entering a pivotal era of wealth transfer. Over the next two decades, approximately $5 trillion is expected to pass from one generation to the next, and women are set to inherit the lion’s share – around 65%, or $3.2 trillion, by 2034 (JBWere, The Growth of Women and Wealth). This monumental shift signals not just an increase in financial capacity for women but also a profound opportunity for women to redefine philanthropy in ways that are deeply aligned with the values of community, sustainability, and compassion.

With women poised to become the primary custodians of wealth, they are also becoming the torchbearers of social change. Studies consistently show that women are more likely to give collaboratively, invest in causes that address systemic issues, and support initiatives that build long-term resilience.

Girls' Schools Leading the Way

Girls’ schools have emerged as powerful incubators of philanthropy. According to recent data from the organisation Australians Investing in Women, more than 75% of philanthropic and corporate organisations now apply a gender lens to their giving, highlighting a strong commitment to causes that empower women and girls.

Schools like Toorak College are uniquely placed to build on this momentum. By embedding the value of giving into the school experience, we are not only shaping the character of our students but also inspiring future changemakers. Whether through student-led fundraisers, partnerships with organisations such as Peninsula Health and Anchor Community Care, or global service opportunities through our Beyond Boundaries program, students are not only developing strong values but also discovering their ability to make a tangible difference.

Our vision is to cultivate thoughtful, engaged, and generous young women who understand that the act of giving, whether through time, resources or talent, can shape the world around them.

We do this by:

Empowering through education

Helping students understand the impact of philanthropy, and how generosity has historically advanced education, healthcare, and equality.

Showcasing role models

We highlight the stories of women whose generosity has transformed lives. Among them are many Toorak Collegians whose support through named scholarships, the Hamilton Society Bequest Program, and investments in new learning and experiential spaces continues to shape the future of our school community.

Creating opportunities to give

Offering pathways for students to participate in causes they care about and reflect on the broader impact of their contributions.

As this generation of young women steps into leadership, financial stewardship, and civic responsibility, we have a unique opportunity and responsibility to instil in them the values of empathy, generosity, and shared humanity. A culture of giving isn’t just about donations – it’s about creating a ripple effect of kindness and purpose that can resonate for generations to come.

Click here for more information about philanthropy at Toorak College.

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