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Clive and Vera Ramaciotti Foundations

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Name: Clive and Vera Ramaciotti Foundations Image:Ramaciotti logo.png
Type: Foundation
Established: 1970
Location: Sydney, NSW
Distribution: $1.3 million AUD (approx)
Chair:
CEO:
Website: On Perpetual Trustees' website
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Clive and Vera Ramaciotti Foundations

Vera Ramaciotti set up the Clive and Vera Ramaciotti Foundations in 1970 with the principal aim of supporting medical research.

Clive and Vera were children of Major General Gustavo Ramaciotti, who arrived from Italy with his family in 1865. He practised as a lawyer in Sydney and in 1908 purchased the Theatre Royal and adjacent shops in Castlereagh Street. When Gustavo died in 1927 Clive and Vera inherited his assets. Neither Clive nor Vera married, nor did they have an immediate family. On the death of her brother Clive in 1967, Vera inherited the Theatre Royal and all the family assets.

In 1970 Vera decide to sell the Theatre Royal and the adjacent properties. This sale of one of Sydney’s landmarks would ultimately prove to be the to the community’s lasting gain. Vera chose to give substantial support to biomedical research – an interest share by both Vera and her brother.

The Foundations were commenced with $6.7 million. The first major grant was made in 1971 to the Walter and Eliza Hall Institute. This grant assisted with the establishment of a new building called the Clive and Vera Ramaciotti Research Laboratories.

The Ramaciotti Medal, which carries an award of $20,000 is an annual award introduced in 1995 by Perpetual to recognise excellence in medical research in Australia. It is founded by the Ramaciotti Foundations, and the winner is selected by the Ramaciotti Foundations Scientific Advisory Committee each year. The main aim of the award is to honour a person who has made an outstanding contribution, or contributions, to clinical or biomedical research, or the way healthcare is delivered in Australia.

The general funding round each year invites applications for two types of gifts – establishment and major equipment grants.

The Clive and Vera Ramaciotti Foundations are administered by Perpetual.

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