Guide to Giving
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  Finance

Boost in Discretionary Trust Distribution


Tuesday, 10th July 2012 at 12:21 pm
Staff Reporter
Not for Profits have benefited from the annual Perpetual trustee funding round in 2012 with 187 organisations taking away a total of $12.5 million.

Tuesday, 10th July 2012
at 12:21 pm
Staff Reporter


1 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Boost in Discretionary Trust Distribution
Tuesday, 10th July 2012 at 12:21 pm

Not for Profits have benefited from the annual Perpetual trustee funding round in 2012 with 187 organisations taking away a total of $12.5 million.

The money comes from the Perpetual’s discretionary trusts to charitable organisations. Last year they donated 9.1 million to Not for Profits.

Social welfare organisations received $4.6 million in funding, comprising 36.7 per cent of all distributions. The education sector received the biggest increase in distributions, up by over 200 per cent to $1.7 million.

Andrew Thomas, General Manager Philanthropy at Perpetual, says this year’s funding increase reflects both the standing of the company as a pre-eminent provider of services to philanthropists and its ability to enhance their charitable contributions by achieving positive investment returns on the funds within the trusts.

“More philanthropic trusts were established with Perpetual as sole or co-trustee, which has led to an increase in income distributable to the community. Perpetual’s prudent financial management has also played a role in ensuring reliable returns, which allows these trusts to continue funding the causes that philanthropists are passionate about,” Thomas said.

Thomas said that The Smith Family is a good example of an organisation providing important educational services nationally.

“This year we have funded The Smith Family’s National Tech Pack Program, which provides disadvantaged families with a refurbished computer, 12 months internet access and the opportunity to participate in a basic computer training course,” he said.

The aim of this program is to connect families to technology and increase their computer literacy skills. It will help them engage with their community and allows them to take advantage of the educational benefits of internet access.”

While the majority of organisations receiving donations plan to use them for activities in Australia, about 15 per cent of the total amount generated by Perpetual’s annual funding round will be spent on projects overseas.

Information about applications for Perpetual’s 2013 funding round will be available in November 2012 here.

Some of the Not for Profits organisations who received funding:

ACT
Kids Under Cover’s studio relocation program


NSW

Daystar Foundation’s Daystar Breakfast Club
Firstchance’s Support Plus pilot program
Open Family Australia’s Chatterbox Bus Sydney

NT

InCite Youth Arts Inc’s ‘HOME’: disability performing arts project 2012
Environment Centre of the Northern Territory’s Kimberley to Cape York – Establishing Australia’s largest connectivity and wildlife corridor
CareFlight’s MediSim ambulance kit-out
 

Queensland

Conservation Volunteers’ Building resilience and mitigating impacts on mahogany gliders and cassowary populations post-Cyclone Yasi
Youngcare’s At Home Care Grants
Hope Empowered Inc’s Academy for Young Entrepreneurs

South Australia
Riverland Youth Theatre’s In the Dark ·
Young Women’s Christian Association of Adelaide’s Encore

Tasmania

Bridgewater Police and Citizens Youth Club’s YouthLinks
The Leukaemia Foundation of Australia’s controlled exercise program for Tasmanians diagnosed with haematological malignancy
Whitelion Inc’s at-risk youth mentoring program
 

Victoria

Australian Kidney Foundation’s The Big Red Kidney Bus project
National Heart Foundation of Australia – Victorian Division’s Educating women from culturally and linguistically diverse communities about heart disease
Moonya Community Services Inc’s automation equipment for kindling service
 

Western Australia

Bush Heritage Australia’s conservation management in Gondwana Link – ·
Telethon Speech & Hearing Centre for Children WA’s tackling the crisis of poor health in Indigenous populations
Vision Equity Life Centres’ pre-diagnosis early intervention program –



Guide to Giving

FEATURED SUPPLIERS


Yes we’re lawyers, but we do a lot more....

Moores

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

NGO Recruitment

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

Brennan IT

Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

More Suppliers


YOU MAY ALSO LIKE

$2 Million Grant Helps Give Australians in Need A Fair Go

Wendy Williams

Thursday, 21st September 2017 at 8:35 am

Volunteering Tasmania Forced to Close Launceston Office

Luke Michael

Thursday, 21st September 2017 at 8:25 am

Future Uncertain for Disability Organisations Following Funding Cuts

Wendy Williams

Tuesday, 19th September 2017 at 8:29 am

Australia Launches its First Live Impact Investing Database

Luke Michael

Monday, 18th September 2017 at 5:12 pm

POPULAR

Moves to Stop Volunteering at Overseas Orphanages

Luke Michael

Wednesday, 13th September 2017 at 1:54 pm

Future Uncertain for Disability Organisations Following Funding Cuts

Wendy Williams

Tuesday, 19th September 2017 at 8:29 am

Majority of NFPs Are Not Believed to be Well-Run, According to New Survey

Luke Michael

Tuesday, 12th September 2017 at 4:14 pm

More Australians Are Giving Time Not Money

Wendy Williams

Monday, 11th September 2017 at 5:07 pm

One Comment

Write a Reply or Comment

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


Guide to Giving
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!