Sydney philanthropist Peter Freedman has given the Sydney Festival $5 million — the largest single donation from an individual in the event’s history.

“You’ve got to give, I was taught that,” Mr Freedman said.

“To who much is given, much is expected, so that is what I want to do.

“What I’ve loved in the last 12 months is to watch philanthropists really step up. We’ve seen people double their philanthropic gift,” he said.

“Those who have the money and haven’t thought of it, please do something,” he said.

“No matter how big or small, every dollar, every $500,000 — it’s all going to help.

“”No matter how big or small, every dollar, every $500,000 — it’s all going to help.”

Incoming festival director Olivia Ansel said the money would allow her to commission major new works and contribute to the livelihoods of talented Australian artists.

Featured image : Philanthropist Peter Freedman. Pic Kathryn Ward

News source : www.abc.news.net.au