Wealth Management Firm Launches Foundation
2 December 2015 at 9:52 am
Wealth management firm, Hewison Private Wealth, has launched the Hewison Foundation, a charitable fund to support domestic violence and disadvantaged youth services, with the aim of donating $100,000 each year.
The Directors set the minimum target of $100,000 per annum for a 15 year period, with milestone targets of $500,000 at the four-year mark and $1 million at eight years.
The Foundation said the funds will be allocated to select charities, through private donations from high net worth clients, the company and other fundraising activities.
Managing Director Andrew Hewison said the Hewison Foundation had been established to support the business’ commitment to giving back to the community.
“We expect the Hewison Foundation will provide a valuable opportunity for Hewison stakeholders, staff, clients to give back to those less fortunate and disadvantaged, via donation of their time or money,” Hewison said.
“We have extensive experience working with, and managing the assets of not-for-profit client and given the business is now in the position to establish our own private Foundation, we knew now was the right time to make a greater difference in the community beyond our existing efforts.”
The Hewison Foundation, set up to mark the firms 30th anniversary, is a standalone, Not for Profit, Public Ancillary Fund governed by Directors John Hewison, Andrew Hewison, and Chris Morcom.
Chief Executive Officer at the Financial Planning Association, Mark Rantall, said initiatives such as the Hewison Foundation improved the reputation of the financial planning sector.
“The launch of the Hewison Foundation is a brilliant example of the generosity of financial advisers within our industry, and their clients,” Rantall said.
“This is a positive step in the right direction to restore community trust in financial advisers, while at the same time benefiting the disadvantaged.”