Feb 02 2019Add to Favorites
Last year at MP Group, were so incredibly proud to announce our $59,267 donation to support the Indian based operations of the Glenn Family Foundation.
The Glenn Family Foundation was founded by philanthropist, businessman, and investor Sir Owen Glenn, and has international operations spanning Australia, Fiji, New Zealand, India, Vietnam, China, the Philippines, Nepal, Myanmar, Sri Lanka, and Bangladesh. Sir Owen has been knighted for his global philanthropic activities and contributions to support communities, and the international sporting arena.
The Indian operations of the Glenn Family Foundation include the ongoing funding of a 90 place orphanage and hostel, located in Kalimpong, at the foot of the Himalayas.
Funded by Sir Owen, the orphanage and hostel are run by Catholic nuns. Children of impoverished families in the local area are sold to local farms, tea houses, and businesses. The children, as young as four years old are then committed to daily labor for that business in exchange for one meal and a place to sleep. The nuns of the orphanage advocate on behalf of the child to transfer the child to the orphanage, where they are provided with daily nourishing meals, schooling, and accommodation until they are 18 years old. At the age of 18 tertiary education is supported and encouraged, with the aim to break the poverty cycle and so that future generations are empowered via education.
MP Group International is in the business of Building Wealth and supporting the community is fundamental to our core values. We are delighted to have the opportunity to support the activities of the Glenn Family Foundation, and as we grow, we are looking forward to doing more in this space.
MP Funds Management has provided investment funding for over $1.1 billion in real estate-based investment deals across 21 transactions and produced an average annual investment return (IRR) of 22%.
We are looking forward to working with you in 2019.
Whilst overall consumer sentiment is cautious in the lead up to the Australian federal election, together with the media attention surrounding the decline in the housing market (compounding negative sentiment in the short term), we believe Australia’s domestic economy is heavily reliant on inflows of tax-paying skilled migrants to bolster the diminishing, younger tax payer-base. This is as a result of our top-heavy aging population.
Although I almost always invest personally in unlisted syndicated and direct property, this is generally in chunks of $100,000 or more and generally, our minimums for MP Funds Management are closer to $500,000. When rental income comes in from these investments, I like to have somewhere to invest it.
To me, wealth means feeling emotionally vibrant, empowered, healthy, happy; having time to spend freely doing things that fill me up emotionally, having strong relationships with friends and family and the people I love; being challenged, having a sense of achievement; giving back to the community, having a positive impact; having good hair and great shoes (!) and leaving a legacy.
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