Demo goes for gold
Monday, 19th September, 2011
The Barrier Social Democratic Club has become the third local business to join the Broken Hill Community Foundation’s gold club.
“The Demo” is now an official Broken Hill Business Friend of the Foundation after committing to donate $5,000 a year to the Foundation’s Capital Fund for five years.
The $25,000 donation affords the Demo the ‘Gold Friend’ status already enjoyed by the BH Community Credit Union and Shannon Electrics.
Club President, Laurie Camilleri, said the club’s board decided to support the Foundation because both bodies had the city’s future at heart.
“The Club feels strongly about putting money back into the community where we can. We make significant contributions each year and will continue to do so,” Mr Camilleri said.
“However, by adding to the Foundation’s Capital Fund now and over the next few years, we know that the contributions will continue to work for Broken Hill well into the future - in fact, forever.”
The Democratic Club has donated more than $66,000 to community organisations, events and individuals this year, he said.
“We provide help where it’s needed and where we can see a general ‘return’ for Broken Hill residents.
“This year we’ve helped the YMCA and the St John Ambulance, for example, and we always have a focus on assisting young people to realise personal opportunities that might not happen for them without a bit of help.
“Our youth, of course, are our future and it’s the Foundation’s focus on that future that was attractive to the Board in making the decision to support it.”
General Manager of the Democratic Club, Karren Howe, is one of 10 directors on the BH Community Foundation Board and Mr Camilleri said she had been able to provide a good insight into the Foundation’s activities over the last couple of years.
“Board members were impressed at the focus on supporting employment generating initiatives because we also believe diversification of the local economy is important,” he said.
The Foundation’s Chairman, Vince Gauci, said the Demo’s commitment was very encouraging.
“Our goal is to have ten Gold Broken Hill Business Friends of the Foundation. These businesses collectively will add $250,000 to the Capital Fund, which is a significant total to generate income for injection back into the community. “However, for the individual businesses to become Gold Friends the commitment is fixed at $5000 a year for five years and we believe this is achievable for a number of local businesses.
“With the Demo now joining Shannon’s and the Credit Union, we are hopeful other businesses will be stimulated to come on board,” Mr Gauci said.
He said that all money contributed to the Foundation’s Capital Fund was protected and carefully invested so that only the income generated each year was used to support local projects.
“In this way, businesses and individuals who contribute to the Foundation Capital Fund can feel assured their money will continue to work for Broken Hill year after year.”
Mr Gauci said the Foundation was also looking to attract 10 local businesses to contribute $3000 a year for five years to become ‘Silver Friends’ and 10 businesses at $1000 a year to become ‘Zinc Friends’.
“We would be happy to make a director available to speak directly to any business who would like further information.”
This can be arranged by contacting the Foundation office on 8087 9985.