The Pratt Foundation was established in 1978 by Richard and Jeanne Pratt with the shared vision of supporting charitable enterprises and adding value to philanthropy. The Foundation is now one of the largest private sources of philanthropy in Australia. In the words of its mission statement, it aims "to enrich the lives of our community" and, in the words of Jeremiah, it works to fulfil this aim in a spirit of "kindness, justice and equity".