The BDT signs up to Community Foundation
Tuesday, 18th October, 2011
The Barrier Daily Truth has become a Gold Supporter of the Broken Hill Community Foundation with a commitment to provide $25,000 in marketing assistance over the next five years.
Foundation Chairman Vince Gauci has acknowledged the contribution as a critical success factor for the foundation’s local Capital Raising Campaign.
“The Board is absolutely delighted by the BDT’s decision to become a Gold Foundation Supporter,” Mr Gauci said.
“After having spent some years successfully fundraising away from Broken Hill we now need to focus our attention locally.
“A very important step in that process will be to ensure we can get clear messages out to the people and businesses of Broken Hill about what the foundation does and the commitment of support from the BDT will be crucial to the success of the local campaign,” Mr Gauci continued.
Barrier Daily Truth General Manager & Managing Editor John Casey said the newspaper was proud to be associated with the foundation.
“For over 100 years the BDT has been serving the Broken Hill community and supporting the fine work of the Broken Hill Community Foundation is a natural fit for the newspaper,” Mr Casey said.
“I believe that part of the BDT charter is to show leadership for the community and as the dominant media player in the region our resources can help make a difference.
“We see this as an investment in the future of this great city and by promoting the foundation and those who support it we can help build on what has already been achieved.”
There are two streams of contributors to the Broken Hill Community Foundation. ‘Friends of the Foundation’ donate to a protected capital fund which is invested to generate income for distribution to local employment creation and some social development projects.
‘Foundation Supporters’ contribute to the operations of the foundation - to ensure it has the capacity to continue capital raising, manage the invested funds and assess potential distribution of monies to appropriate projects.
Mr Gauci said the Foundation had operated on a very tight administration budget for more than 10 years through the efforts of a committed voluntary Board of Directors and, in recent years, a dedicated part-time office manager.
“The Broken Hill Community Foundation is quite different to most not-for-profit organisations that retain a portion of their donations for administration,” Mr Gauci explained.
“All funds collected through our capital raising activities are directed entirely to the protected fund to generate income to be put back into the community.
“This means we have had to source funding for the Capital Raising Campaign elsewhere and rely on the support of organisations such as the BDT to continue our activities.”
Anyone who would like further information about the Broken Hill Community Foundation - or would like to arrange for a Director to attend a local organisation to explain its operations - is invited to contact the foundation office on 80879985.