Legacy
Clive Ramaciotti was interested in bio-medical research and Vera planned the establishment of the Clive and Vera Ramaciotti Foundation with him before his death in 1967. The Foundation was established with an investment of $6.7 million and is managed by Perpetual Trustees. The funds combined capital is in excess of $60 million. A Scientific Advisory Committee advises Perpetual on the grants to be awarded each year. In 1970, when the Foundation had accumulated interest of $600,000, initial payments were made to 27 institutions. Since its establishment the fund has allocated over $40 million to biomedical research supporting more than 3000 research programs. The Australian Women's Weekly published an article, in 1970, entitled "The Quiet Millionairess" that claimed Vera was "Australia's least-known millionairess" and "possibly the most private woman in Australia", adding that she "physically shrinks from seeing her name in print".
Read more about this topic: Vera Ramaciotti
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“What is popularly called fame is nothing but an empty name and a legacy from paganism.”
—Desiderius Erasmus (c. 1466–1536)