The Board of The Ian Potter Foundation recently met and approved grants for a range of exciting projects across many program areas. Details of many of these grants can be found in the latest Grants Round Up.
At this meeting, the Board also considered proposed new funding guidelines that will ensure our future grantmaking remains firmly linked to the four elements of the Foundation’s vision for a vibrant, healthy, fair and sustainable Australia.
After careful consideration, the Board decided that further work was needed to ensure these revised funding guidelines will be robust and truly catalytic. So, over the next few months, our team will continue to explore the best ways in which the Foundation can engage with the NFP sector to achieve the greatest impact. I anticipate that by the end of September 2019 we will be able to share the details of these revised funding guidelines that will be the foundation of our grantmaking in the years ahead.
In the meantime, we remain focused on ensuring the good work of our many grantees is leveraged as effectively as possible in a myriad of ways.
Indeed, this was the case with the $2.5m major grant made by The Ian Potter Foundation in December 2018 supporting Wintringham to develop specialist housing for the aged homeless in Shepparton, Victoria. This grant was leveraged to gain funding support from the Victorian state government and recently the Federal Government allocated $5m additional funding in support of aged care services to be made available on the same site.
In 2017, HammondCare also received a grant of $2.5m from the Foundation towards the development of their Sydney inner-city project which will provide housing and services for elderly homeless people. However, unlike Wintringham, HammondCare is yet to secure state government funding support. Therefore, I was pleased to see HammondCare CEO Stephen Judd challenge the NSW State government to provide $5m in funding towards this $20m project. This an appropriate level of support from the NSW state government for a much-needed project that will benefit some of the most vulnerable people in our society.
The Foundation has also recently invested a substantial amount in conjunction with The Myer Foundation and Sidney Myer Fund to generate a comprehensive report analysing the ways in which philanthropic investment might best be directed to ensure the future sustainability of Australia’s freshwater resources. This is an example of the foundations investing funds up-front to plan for success in our future grantmaking. I hope to be able to report further on this exciting initiative later this year.
These are just two examples of the ways in which The Ian Potter Foundation is seeking to support the not-for-profit sector, our grantees and the community to ensure that our efforts remain focused on delivering our vision for a vibrant, fair, healthy and sustainable Australia – for all Australians.