Good Cause charity is a charity that aims to improve the lives of the world’s poorest people.
It was established in 2012, with a goal of raising $200m (£160m) to build and expand homes, feed and educate the poor, and improve the health and wellbeing of the community.
For the last six years, the charity has been run by three former ministers.
The three are Stephen Fenton, who was the Minister of State for the Commonwealth Affairs from 2005 to 2013, and Simon Corbell, who served as Minister of Foreign Affairs from 2009 to 2013.
Corbell was also the Minister for Communications from 2010 to 2013 and is now Minister for Industry and Trade.
“I would like to extend my deepest thanks to Stephen Fence for his commitment and passion for the charity,” Corbell said in a statement.
“It has been an honour to work with him and the entire team at Good Cause.
I also wish to thank Simon Corbels leadership and determination to make a difference in the lives and communities of our nation.
I look forward to working with all of you to further our shared mission of improving the lives, health and lives of those in need of our help.”
The charity has received more than $20m in donations from more than 150 countries.
Its annual revenue is expected to be in the region of $150m.
It has recently raised more than a quarter of a billion dollars from a number of private investors including Blackstone Group, Blackstone Asset Management, BNY Mellon, and Blackstone Capital.
According to a recent report by Bloomberg, the foundation will need to raise another $1bn to be able to pay its bills over the next three years.
In a statement, Corbell praised the work of his former ministers and said that he hoped that by making this donation, he could help to raise money for a better future for the world.
Corbels resignation In 2015, Corbords son Simon Corbel was appointed to the position of Director of the Good Cause Australia fund.
He became acting Director in September 2016 and was replaced by former Minister of Justice and Minister of Finance.
Simon Corbells tenure was marked by the resignation of two other ministers.
The first was former Minister for Trade and Industry, Mark Butler, who resigned in January 2019 after two years in the job.
His replacement, Andrew Hastie, resigned in November 2019, after only a month in the role.
Andrew Hastie also resigned after only two months in the position, after just two months at the job, but he has since been appointed to serve as the new Director.
On top of the ministerial resignation, the Government also announced a new set of rules to make it easier for charities to raise more money.
Charities will be able register with the Federal Government’s Charities Registration Office and it will be easier for them to raise funds from overseas.
Previously, the charities had to raise a certain amount of money from overseas donors and only then were allowed to register with government.
If a charity does not comply with the new rules, it can be taken to the Federal Court, and it can lose the support of the charity.
Since the announcement of the new funding rules, Good Cause has received $4.5m in funding from a variety of sources, including the Commonwealth, the United Kingdom, and the European Union.
Source: BBC News (Photo: Getty Images)More: The new rules will see charities pay more tax, and will require charities to be registered with the Commonwealth and the United States in the same way as the big three foundations.
That means the charity’s money will now be tax-free.
Good Cause’s funding from overseas has been one of the reasons why the organisation has made so much money in recent years.
The charity raised more money from foreign donors in 2015 than it had in the previous six years combined.
Earlier this year, Good Charity Australia announced it had raised more $2.3m from its overseas donors, more than it has ever raised in a year.
Over the last four years, Good Hope has received an estimated $2bn in funding, making it the largest non-profit organisation in Australia.
How much does it cost to donate?
Good Charity Australia said that it will now accept donations up to $10,000, but the charity will only accept money from the following countries: United States: US$1,000 ($1,400)Canada: US $2,000 (about £1,800)Australia: US, Australian Dollars, Singapore Dollars, Hong Kong Dollars, British Pounds, New Zealand Dollars, Australian Dollar, European Union (EU) Funds: US and US Dollars.
UK: UK pounds sterling, Canadian dollars, New Zealander dollars, Australian dollars, euro coins, Australian dollar, Japanese yen