The Buderim Foundation is one of a growing number of community foundations in Australia. It is a philanthropic, not-for-profit organisation registered under the Commonwealth Corporations Act. It has Deductable Gift Recipient (DGR) status which means donations to the Buderim Foundation can be tax deductable.
The Buderim Foundation was launched by the former Governor General of Australia, Dame Quentin Bryce, AC, CVO, on 6 April, 2004.
The operating concept is simple.
The Buderim Foundation:
receives donations and bequests – money in
carefully invests the funds to generate income – money managed
distributes the income from the investments as grants to Buderim based community organisations – money out
Currently the Foundation’s corpus stands at $1,400,000
The total is invested and, thanks to three very committed sponsors who cover the Foundation’s administration costs, this money is never spent.
Buderim Foundation grants are made from the investment income to organisations and projects that strive to:
- Protect and preserve our natural environment
- Assist people in need to live healthy and fulfilling lives
- Add richness and diversity to local artistic and cultural endeavours
- Increase learning opportunities across all age groups
- Celebrate and showcase our heritage and local history
- Encourage and support those with sporting and other recreation interests
- Strengthen the social fabric of the community
- Support youth in our community.
Since its launch in 2004, the Foundation has awarded grants of over $342,000 to community organisations and Youth projects, and distributed approximately $132,500 in Back to School vouchers.
The Buderim Foundation is a member of Philanthropy Australia and Australian Community Philanthropy and receives support from the Australia-wide Foundation for Rural and Regional Renewal (FRRR). The Foundation itself has received grants from these organisations of over $127,500.