Boost in Discretionary Trust Distribution
10 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.
Some of the Not for Profits organisations who received funding:
Kids Under Cover’s studio relocation program
Daystar Foundation’s Daystar Breakfast Club
Firstchance’s Support Plus pilot program
Open Family Australia’s Chatterbox Bus Sydney
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
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
Riverland Youth Theatre’s In the Dark ·
Young Women’s Christian Association of Adelaide’s Encore
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
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
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 –