Clive Ramaciotti

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Clive Ramaciotti (died 1967) was an Australian philanthropist who with his sister, Vera Ramaciotti, established the Clive and Vera Ramaciotti Foundation.

[edit] Early life

Ramaciotti was the only son of Major General Gustave Ramaciotti CMG, the owner of the Theatre Royal in King Street, Sydney, Australia. He was born in Ashfield and attended Newington College. After leaving school he worked in banking and on the death of his father he was a man of independent means.

[edit] 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 $40 million to biomedical research supporting more than 3000 research programs.