In its first seven years, up to the end of 2011 the Foundation raised approximately $460,000. The ultimate goal is to grow a diversified portfolio of assets which will generate a secure stream of income. This then will ensure an increase in the number and size of the grants made available to local Buderim organisations.
An Investment Committee, comprising Directors and experienced financial advisers, has been appointed to supervise the investment of monies entrusted to the Foundation. The Committee's aim is to preserve and grow the capital held in the Funds through prudent investment, at this stage chiefly in term deposits and ASX listed shares.
The investment strategy will always adopt a conservative stance in order to maintain a stable, income-generating fund for future generations, and to maintain tax exempt status. This has been adapted to take account of the post-GFC volatility of financial markets.
