foundation

Coaxial Foundation

Coaxial Foundation is a foundation that Nicola Forrest set up in 2023 to redistribute her wealth, focused on early childhood development, women and First Nations communities.

Chief executive

Philippa Watson

Major gifts tracked

$360 million

Major gifts to Coaxial Foundation

Donor	Amount	Announced	Purpose
Nicola Forrest Read the story	$360 million	Oct 9, 2026	A$520 million, about US$360 million, in A$125 million cash and 25 million Fortescue shares

Key facts

Focus: Early childhood development, women and First Nations communitiessource
Gift received: A$520 million, about US$360 million, in cash and Fortescue shares, announced October 9, 2026source
Antler partnership: $50 million to help female founders access capital, networks and supportsource

WYDE coverage of Coaxial Foundation

WYDE Newsroom has published one article about Coaxial Foundation, on Oct 9, 2026. Coaxial Foundation is a recipient in 1 story. The most recent is Nicola Forrest Gives A$520 Million, About $360 Million, to Her Coaxial Foundation.

Philanthropy

Nicola Forrest Gives A$520 Million, About $360 Million, to Her Coaxial Foundation

Nicola Forrest moved A$125 million in cash and 25 million Fortescue shares into the Coaxial Foundation, which funds early childhood, women and First Nations programs.

Oct 9, 2026 · 3 min read · Recipient

Reported alongside Coaxial Foundation

Nicola Forrest · in 1 story with Coaxial Foundation

Sources

Track the institutions that move money.

Data-driven coverage, every week.