The Buderim Foundation is one of 34 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 funds to generate income – money managed
distributes income as grants to Buderim-based community organisations – money out
Currently the Foundation’s Fund stands at just over $2 million
The total is invested and, thanks to three very committed sponsors who cover the Foundation’s administration costs, this money is never spent.
The income from investments is used to provide grants to Buderim-based organisations 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.
Grants were first awarded in 2008 and since then the Buderim Foundation has awarded grants worth over $550,000 to 80 community organisations in the 4556 postcode area.
At the beginning of each year the Australia-wide Foundation for Rural and Regional Renewal (FRRR) provides the Buderim Foundation with Back to School vouchers which the Foundation distributes to families in the 4556 post code area. The Foundation has distributed $154,950 worth of vouchers over the past 15 years.
The Buderim Foundation is a member of Philanthropy Australia and Australian Community Philanthropy and receives support from FRRR. The Foundation has received grants from these organisations of over $127,500.