Good 360
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  Corporate Engagement, Finance, Good Business, Leadership, Philanthropy

Endowment Challenge Fund Aimed at Disability Services


Thursday, 28th January 2010 at 12:59 pm
Lina Caneva, Editor
A new Endowment Fund is set to to tackle disability issues in Australia not currently being addressed in the Not for Profit Sector

Thursday, 28th January 2010
at 12:59 pm
Lina Caneva, Editor


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Endowment Challenge Fund Aimed at Disability Services
Thursday, 28th January 2010 at 12:59 pm

The recent launch of Endeavour Foundation’s perpetual Endowment Challenge Fund by Federal Treasurer Wayne Swan is described as the next step in a much-needed reform of the exponentially growing disability services sector.

 

Endeavour CEO David Barbagallo says the Fund will enable the sector to take on challenges outside the scope of current government or Not for Profit organisations’ programs.
 
It is estimated that 1.3 million Australians are living with a disability and this is expected to rise to 2.3 million by 2030.
 
Barbagallo says Endeavour’s capital-preserved Endowment Challenge Fund will enable the organisation to tackle problems on behalf of the sector as a whole by supporting people with a disability live an ordinary life, while allowing it to continue its day-to-day operations.
 
Endeavour is one of the largest providers of services for people with a disability and one of the largest non-government, Not for Profit organisations in Australia. It provides support, accommodation, training and vocational opportunities more than 3,200 people with a disability across Queensland.
 
The Foundation says the new fund will allow it to address issues of social inclusion for people with a disability, enable community organisations to provide for people with a disability and encourage research and scholarship in disability.
 
The Endowment Fund started with Endeavour Foundation’s contribution of an $810,000 share portfolio as well as the first corporate donation of $100,000 from ANZ Banking Group. Since then the Foundation says it has received significant donations to take it well over the million dollar mark.
 
David Barbagallo says the Fund has been named the Endowment Challenge because they are challenging the community to take action to recognise and support an important, growing but often marginalised group – people with a disability.
 
He says that it is important to note that only interest earned by the Fund will be used, while the actual donations will be preserved. In this way, the Fund will be meeting the wishes of donors, many of whom want to leave a legacy for future generations.
 
The Foundation intends that the fund will found a professorial chair in disability at a leading university and fund research projects into major issues facing the sector.
 
Barbagallo says one key area would be to dramatically increase research into disability.
 
They also plan to establish a scholarship fund to support the teaching and training of people in disability services professions.
 
He says the Fund had been given a robust commercial framework to maximise efficiencies, provide excellent governance and give donors great confidence their contributions will be used for maximum benefit. Overheads to administer the Fund and allocate grants for projects will be capped at five per cent.
 
Also there is a board of volunteer directors selected for their experience and aptitude in disability, commerce, philanthropy, government or another discipline.
 
For more information go to www.endeavour.com.au

 


Lina Caneva  |  Editor |  @ProBonoNews

Lina Caneva has been a journalist for more than 35 years, and Editor of Pro Bono Australia News since it was founded in 2000.

FEATURED SUPPLIERS


NGO Recruitment is Australia’s not-for-profit sector recru...

NGO Recruitment

Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

...


Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT

More Suppliers

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Migrant and Refugee Students Struggle to Find Work in Australia

Luke Michael

Friday, 24th November 2017 at 2:43 pm

Wage Theft Rampant Among Migrant Workers in Australia

Luke Michael

Thursday, 23rd November 2017 at 3:08 pm

Inclusive Workplaces Create Highly Effective and Satisfied Employees

Luke Michael

Thursday, 23rd November 2017 at 1:57 pm

Australians Want to Hear the Voices of Charities – Politicians Take Note

David Crosbie

Thursday, 23rd November 2017 at 8:48 am

POPULAR

Red Cross Moves to Wage-Based Fundraising Model

Lina Caneva

Thursday, 16th November 2017 at 8:30 am

Concerns Raised Over New ACNC Board Appointments

Luke Michael

Monday, 20th November 2017 at 2:28 pm

New Same-Sex Marriage Bill Looks to Protect Faith-Based Charities

Luke Michael

Monday, 13th November 2017 at 5:25 pm

Adelaide at the Vanguard of Ending Street Homelessness Globally

Wendy Williams

Tuesday, 21st November 2017 at 8:43 am

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


Good 360
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!