Bass Coast,
21
December
2018
|
23:14
Australia/Melbourne

Ongoing support for Community Foundation

Bass Coast Shire Council will provide $25,000 (indexed by CPI annually) to the Bass Coast Community Foundation annually for the next three financial years.

Council unanimously resolved to enter into a Memorandum of Understanding with the Foundation to formalise the funding arrangement at last Wednesday’s Ordinary Council Meeting.

Bass Coast Mayor, Cr Brett Tessari, said Council’s financial support over a longer period will offer a measure of financial security to the Foundation.

“Council has previously allocated financial support to the Foundation on a year-by-year basis,” Cr Tessari said.

“This longer term arrangement will allow the Foundation more financial freedom, to better plan its operations and charitable work into the future.”

The Bass Coast Community Foundation was established in 2002, after a need was identified for a sustainable source of funds exclusively for projects within Bass Coast. Since then, the Foundation has provided funding to many community members and projects. It also continues to seek funding from larger philanthropic funds as well as donations from local organisations and individuals to carry on its work.

One of the major challenges for the Foundation’s Board has been to source, fund and manage the Foundation’s operations. Council has assisted the Foundation financially since its inception, through providing direct funding to support its operations, raising funds through the annual Mayoral Charity Ball and the Council’s Community Grants Program. Funds raised from the Ball, which is no longer held, were donated to the Foundation in the amount of $135,000. In June 2016, the Foundation received a $1,500 Community Grant from Council to establish a volunteer program. Council has also provided funding to the Foundation to support its administrative work and the employment of an Executive Officer, between the 2010/11 and 2017/18 financial years (except for 2014/15) at $25,000 per year, totalling $175,000.