FRRR has been a proud supporter of Community Foundations in rural and regional Australia.
A Community Foundation is an independent philanthropic organisation working in a specific geographic area which, over time, builds up a collection of endowed funds from many donors in the community. It provides services to the community and its donors, makes grants and undertakes community leadership and partnership activities to address a wide variety of needs in its service area.
A community foundation is a vehicle for local donors who wish to contribute their cash, trusts, bequests or real property to create permanent endowments that will benefit the community in perpetuity. Using the investment earnings on each endowed fund, a community foundation makes and builds capacity within the community to address local needs and opportunities. Their task is to build substantial, permanent funds from which grants are made to local charitable and community organisations. These funds function much like permanent community savings accounts, where the community - personified in the Board and its decision-making bodies - has the say over how to distribute the earned interest.
Philanthropy Australia has information on Community Foundations operating in Australia. Refer to the link for further information http://communityfoundations.philanthropy.org.au
FRRR has played a major role as catalyst for the development of foundations in giving financial support for feasibility studies to Bruce Rock WA, Keith SA, Bendigo and Central Victoria, Eastern Victoria, Tumut and Northern Rivers in NSW, Townsville QLD, Peel Valley WA, Barossa Light SA, Eyre Peninsula SA, Buderim QLD, and Burra SA.
FRRR has also supported the work of the following foundations through a Sustainability Grant: Chaffey in Mildura, Bendigo and Central Victoria, Ballarat, Barossa, Bass Coast, Border Trust, Broken Hill, Buderim Foundation NSW, Mackay Foundation Trust Qld, Geelong Vic, Tomorrow Today in Benalla Vic, Mumbulla at Bega NSW, Wingecarribee at Bowral NSW, Central QLD at Rockhampton, Tasmania, Northern Rivers NSW, South West Vic, Stand Like Stone SA, and Tumut NSW.
If you are considering establishing a community foundation in a rural, regional or remote area, feel free to contact us to discuss support and information.
Each year the Community Foundations gather for an annual forum - to share experiences, lessons, successes and strategies. In 2012 the Forum was hosted by the Mackay Community Foundation in norther Queensland. Some pictures from the event are below.