Strategy + Impact
This past year has been one of continual improvement of our grantmaking processes, including formalising our approach to Major Grants, revising funding objectives in several program areas and streamlining our funding rounds.
This report also provides a detailed analysis showing how our grantmaking has changed over time. The Foundation awards fewer grants but the median grant amount and the average duration of grants has increased significantly over the last six years.
Insight + Focus
In many respects the past 12 months represent a seminal year for the Foundation. We have had a change in senior leadership, appointed additional members to our Board and approved a record level of grants.
The work done over the past year has strengthened the Foundation's ability and resolve to deliver strategic well informed philanthropy to benefit the Australian community.
This year's report includes a feature on the Foundation's Environment & Conservation program area reviewing past strategic grants and setting out future funding objectives.
As we enter the Foundation's second half century, the past year has been a period of change and planning for the future.
The celebration of our 50th anniversary in 2014 gave us a chance for reflection and it renewed our appreciation of the importance and impact of the Foundation's philanthropic grants.
As we strive towards the Foundation's vision of a vibrant, healthy and fair Australia, in 2014-15, the Board of Governors approved 214 new grants totalling $30.7m, the largest annual commitment in our history.
Looking Back, Reaching Forward
The Foundation's 50th anniversary has provide the opportunity to reflect and celebrate the people we have supported, the ideas we have backed and the contribution this made to our society.
One of the most compelling factors in effective grant-making is the impact that comes from supporting innovation.
Making an Impact
Change brings with it both challenge and opportunity, and this year brought considerable change to the philanthropic sector and the Foundation.
A Shared Vision
Each year, our Annual Report allows us to reflect on the Foundation's contribution, take stock of what we have achieved and identify the areas that challenge us.
This year was characterised by considerable growth in many aspects of the Foundation's operations. In the aftermath of the GFC, and in than atmosphere if continued uncertainty in international financial markets, we received a significant increase in demand for grants.
Earlier Annual Reports
Please refer to The Ian Potter Cultural Trust website for Cultural Trust reports.