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‘Unprecedented’: Sydney festival receives $5m donation from electronics entrepreneur – The Guardian

Donor Peter Freedman said his gift was ‘just the beginning’ and has left it up to the festival to decide how to spend the money



Sydney festival has received what it calls an unprecedented $5m philanthropic donation, that it hopes will contribute to the arts sectors recovery in the wake of Covid-19.
Swedish-born Australian philanthropist Peter Freedman, 62, said he was making the donation as a way of giving back to the artists and behind-the-scenes workers who have supported his career.
The terms of the donation are uncommon for its size, as it is untethered from any projects, outcomes, or capital works: Freedman has told…

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