A $65 million gift from mining magnate Andrew Forrest to Western Australia's universities is the latest and greatest in an era of Australian generosity.
The Fortescue Metals Group chairman says he will continue to give away much of his vast fortune, and Twiggy, as he is known, is not the only person out there handing out free cash.
His donation, which will be recognised by Prime Minister Tony Abbott on Tuesday night, follows a $50 million gift in February from commodities trader Graham Tuckwell to the Australian National University and a $50.1 million donation to Queensland's Institute of Medical Research by Toowoomba property developer Clive Berghofer in August.
Anna Draffin, deputy chief executive of Philanthropy Australia, said the largesse of some of Australia's wealthiest could leave a lasting legacy on the country's attitude to giving.
"This is the burgeoning era of philanthropy in Australia," Ms Draffin told AAP.
"There are new models of giving arriving, and people now see it is a part of their civic duty and feel proud about that.
"Australians are incredibly generous when natural disaster strikes, but what this Forrest gift might start to do is move the mentality to (giving) being something we can do as part of our daily lives."
The Forrest Foundation, which will fund scholarships and postdoctoral fellowships across all five of WA's universities, will be established with $50 million of the donation.
The remaining $15 million will build Forrest Hall at St George's College at UWA, a living space for researchers that is hoped will rival the best residential colleges in the world.
Explaining his reasons behind the donation, Mr Forrest said enormous personal wealth brought its own issues, which he believed could be balanced by equally immense generosity.
"It really does (become a burden), and I think it can alter behaviour and personalities," Mr Forrest told Fairfax radio.
"But I think if you make a decision early in the piece that you are going to give that wealth away, then you don't think of yourself as someone who is particularly special.
"You can lead a normal life, and that is a decision which (wife) Nicola and I took many years ago." Having become Australia's first participant in the Giving Pledge philanthropic movement begun by US billionaires Warren Buffet and Bill Gates, Mr Forrest, listed by BRW this year as worth $3.6 billion, has vowed to give away half his wealth.
He has already donated $3 million to the Art Gallery of WA, $3.7 million shared between the WA Symphony Orchestra, WA Opera and the Black Swan State Theatre Centre, and $1.3 million to Murdoch University's Institute for Immunology and Infectious Diseases.
Mr Forrest is one of 36 billionaires in Australia, according to this year's BRW rich list headed by Gina Rinehart, Frank Lowy and James Packer.