The Buderim Foundation Fund, raised purely through donations, bequests and fundraising activities, reached the $2 million mark at the beginning of 2020. This money is invested and the interest gained provides community grants to the 4556 postcode area.
In early 2021, philanthropists Nola and Roy Thompson donated $5 million to the Foundation and the Buderim Foundation Thompson Fund was established. The interest gained from this Fund provides grants to people in necessitous circumstances throughout the wider Sunshine Coast region.
All funds are invested and the money held in the two Funds is never spent thanks to three very committed sponsors, who cover the majority of the Foundation’s administration costs.
The aim of the Buderim Foundation is to preserve and grow the capital through prudent investment, at this stage chiefly in term deposits and ASX listed shares. This will maintain a stable, income-generating fund for future generations and maintain tax exempt status.
The ultimate goal is to grow a diversified portfolio of assets, generating a secure stream of income which will ensure an increase in the number and size of the grants made available each year.
The Annual Report for year ending June 2021, provides an overview of cash flow, fund growth and earnings available for grants.