Students in an annual Philanthropic Leadership class distributed $58,900 in grants to local nonprofits.
The course is designed to provide students with instruction and experience in philanthropic leadership.
Each student is a member of the NBA 5035 Foundation Board of Directors, and each student has equal weight when voting on grant awards.
More than 5,000 students have participated in philanthropy courses affiliated with The Philanthropy Lab.
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Melbourne social enterprise Who Gives A Crap sold nearly 3 million rolls of toilet paper in 2014/15 and gave half the proceeds to WaterAid Australia, but co-founder Simon Griffiths says the donation would have been less had the startup adopted a non-profit model when it launched two years ago.