Complex sentence: The Transfield Foundation, a joint venture between Transfield Services and Transfield Holdings, was created in November 2010 and provides philanthropic support for innovation in employment and education, resources management and the arts across Australia.
Split into simpler sentences: The Transfield Foundation, a joint venture between Transfield Holdings and Transfield Services was created in November 2010. The Foundation provides philanthropic support for innovation in employment and education, resources management and the arts across Australia.