!!!!!!!!!!!!! Country!Education! Foundation!of!Australia!!! Annual!Review!2011;2012!

Transcription

1 CountryEducation FoundationofAustralia AnnualReview2011;2012

2 Annual Review Contents 3 OurMissionStatement 4 AbouttheCountryEducationFoundation(CEFA) 5 Chairman sreport 7 ChiefExecutiveOfficer sreport 9 KeyStatistics 10 YearHighlights 11 CondensedFinancialReport 12 PartnersandSupporters 13 LocalEducationFoundations 14 BoardMembers 15 Staff 15 GettingInvolvedWithCEFA

3 Annual Review OurMissionStatement Tofosterthefurthereducation,careerandpersonal developmentopportunitiesofruralyouth,through communitybasedencouragementandfinancialassistance.

4 Annual Review AbouttheCountryEducationFoundation Whoweareandwhatwedo TheCountryEducationFoundation(CEFA)isanational,notNforprofitentityestablishedin2003.We haveafamilyof45communitynrunfoundationsinnewsouthwales,thenorthernterritory, QueenslandandSouthAustralia.Theselocaleducationfoundationsprovidefinancialandother assistancetodisadvantagedyoungpeopleintheircommunities,tohelpthempursuearangeofpostn schooleducationandemploymentgoals. CEFAalsohaspartnershipswith22universitiesandtertiaryinstitutionswhichhaveprovidedover$1 millioninmatchedfundingtocefagrantrecipientssince2003.cefareceivesnogovernmentgrant funding;werelyonfundraisingandcorporate/privatephilanthropytosupportourwork. Bridgingthegapbetweencountryandcityyouth YoungpeopleinruralandregionalAustraliafacehugeobstaclesgettingintotertiaryeducationand jobsafterhighschool,comparedtothoseincityareas.andtheyareonlyhalfaslikelytoaspireto highereducationasyoungpeoplefrommetropolitanareas(acer&2010). RuralyouthalsofacehugefinancialbarriersNupto$20,000peryearfortravelandlivingexpensesN whentheyleavehometostudy,ontopoftheirnormalcoursefees.&accommodationshortagesand risingrentsincityareasmakeitincreasinglydifficultforruralstudentstostudyandworkincity locations theysimplycan taffordtolivethere. Outstandingresults Since1993we vehelpedover2,000disadvantagedruralstudents withgrantstotaling$3.6million (includingconfunding).over90%ofstudentscompletethecourseorprogramforwhichtheyreceive assistance wellabovetheaverageforuniversityandtaferetentionrates.independentevaluation alsoshowsthatcefaprovidesa3:1returnoninvestment i.e.forevery$1invested/donatedto CEFA,$3.10ofsocialvalueiscreatedforgrantrecipientsandtheircommunities(Social&Ventures& Australia&SROI&Research&2011).& &

5 Annual Review Chairman sreport Momentuminanorganisationcansometimesbeconfusedwithactivity.Formypartthereisno confusionwhenonereflectsontheadvancesthatthecountryeducationfoundationofaustraliahas achievedoverthepast12months. Wedefinitelyhavemomentumunderway. Theyearjustdepartedhasseenacontinuingconsolidationamongstthoseeducationfoundationsthat wehavebeenworkingwithforsometimeandgrowthinareasthat,inthepast,wewouldhave regardedastoodifficulttoembarkupon.perhapsafewperformancefigureswillgivesubstanceto thisclaim. Extendingourreach Wenowrepresent45educationfoundationsacrosstheNorthernTerritory,Queensland,NewSouth WalesandSouthAustralia.Oneofthelatestfoundationstobeestablishedundergreatfanfarewas thatinalicespringswhere,withstronglocalcommunitysupport,wehaveembarkedonanambitious programwithengagementwithacommunitythatisconfrontedbytherealitiesofdisenfranchised youthanddespondencywithregardtocareerprospects. Iftheenthusiasmofthelaunching committeeisaharbingerofthingstocomethereisgreatprospectathand. Wecontinuetoincreasethenumberofgrantsdistributedandsawa5%increaseovertheprevious yearwithatotalof386grantsinall.indollartermsthisrepresentsan8%growthonthepreviousyear andtotalledinexcessof$400,000withanaverageof$1,000pergrant.further,our22education partners,representingmostofthetertiaryinstitutionswithinourfootprint,providedanadditional $225,000incoNfundingduringthecourseoftheyear.Inadditiontothisfundingtheyprovided enormousmoralandpracticalhelpindemonstratingthecareerandadvancementopportunitiesthat areavailabletoyoungregionalaustraliansseekingtofurthertheireducation. Originpartnership Inreferringearlierinmyreport,tothemomentumofthefoundation,Imustrecordtheimpactthat thisprovided,bythecontinuationofthepartnershipwiththeoriginfoundationoverafurtherthree years,foracontributedvalueof$300,000.thispartnershiphasenabledustopositionour administration,managementandstrategicobjectiveswithgreatfocus. Further,thepartnershiphas engenderedencouragementtousatatimeofgreateconomicchallenge.thiswasreinforcedbythe supportfromindividualemployeesoforiginenergyviatheiremployeereferralprogram,whereby personaldonationstothecountryeducationfoundationtotallednearly$40,000fortheyear.thisis trulyagenuinepartnershipthatrepresentstheverybestofcorporatephilanthropy. ThisyearalsosawtheestablishmentofeducationfoundationsintheGreatLakesregionofNSWand alsothegwydirlearningregionaleducationfund.soontobelaunchedareeducationfoundations incorporatedintheregionsofshoalhavenandmacleayvalleys. Stabilityandcontinuity ForasmallorganisationwearegenuinelygratefultoenjoyacommittedBoardoftheFoundation supplementedondaytodaymattersbytheexecutivecommitteeofjuliaburtontaylor,guymilson andkatiewalker.thisteamworksverypowerfullywithourexecutiveteamofannabelgay,kate Staniforth(whojoinedusthisyearandisbasedinOrange)andofcourseKatieWalkerbasedatYass.

6 Annual Review MostwillnowbeawarethatAnnabelGayhasmovedtoMelbourneandisduetogivebirthlaterthis year.annabelhasaddedgreatprofessionalqualitiestothefoundationandwheneverimovebetween communitiestheyareinevitablycomplimentaryabouttheefficientandaccommodatingapproachshe hasshowntotheirissuesathand. Futuredirections WearecurrentlyintheprocessofrecruitinganewChiefExecutiveOfficer.Theapplicationsthatwe havereceivedforthepositionarebothwidenrangingandhighlyqualifiedandonecanonlyassume reflectiveofthereputationthatthecountryeducationfoundationofaustraliahasnowestablishedin thewidercommunity.indeedthewidefamilyofindividualsandphilanthropicorganisationsthat ascribetoourambitiontoredresssomeofthenaturaldisadvantagethatruralyouthfindsin advancingfromschooltoacareeriswhatgivesmeconfidenceaboutourfuture. Wehavebeensuccessfulinestablishingpartnershipsofinterestbetweenmembersofoursmaller regionalcommunities,philanthropicorganisationsthataspireforafairergoforregionalaustraliaand corporationsthatrecognisetheneedtoprovidecareeropportunitiesforyoungaustralians. Iamconfidentthatwehavepassedasignificantthresholdpointinthegrowthpathwayandthatthe incomingceowillinheritastructurecapableofdeliveringmuchmore. NicholasBurtonTaylorAM Chairman

7 Annual Review ChiefExecutiveOfficer sreport IthasbeenanotherwonderfulyearfortheCEFAfamilyandourgrowingnumberofvolunteersand committeesacrossruralandregionalaustralia.arecord386educationgrantsweregivenoutbyour 45localeducationfoundationsthatworktirelesslytoimprovethelivesofdisadvantaged,young,rural andregionalaustralians. Withintheselocaleducationfoundationswearefortunatetohavemanydedicated,talentedand generousindividualswhogivetheirtimeandexpertiseonavoluntarybasis,yearafteryear.manyof ourlocalcommitteemembershavebeenwithusforwelloveradecade,clockinguphundredsof hoursoftheirowntimetosupporttheirlocalcommunity.thefactthattheyarestillhere,encouraging andfundraisingfortheirlocalyouthistestamenttotheirgenerosityofspirit.itisalsodemonstrates tothestrengthandsustainabilityofcefaandouruniquemodeloflocalcommunitysupport. Supporttofoundations CEFAhasagainmarkedasignificantyearofsupportprovidedtoourfamilyoflocalfoundations.This supplementaryfundingmakesatremendousdifferencetothelivesoftheruralyouthwesupportby furtheradvancingtheiropportunitiesandmakingtheirgoalsmoreattainable.weareenormously gratefultooureducationpartnersandphilanthropicdonorsforhelpingustomakethispossible. EducationPartnerCoNfunding$228,845 EducationAspirationEnhancementPrograms $116,500 ExternalScholarshipsandInNkindSupport$48,050 Additionaldonationstolocalfoundations$75,500 TotalValueofSupportProvidedtoYouthinCEFACommunities$468,895 Newfoundations Thesepast12monthshaveseenafurtherexpansionofourCEFAfamily,withtheestablishmentof fourneweducationfoundations.gwydir,greatlakes,orangeandtheshoalhavenareallnowofficially incorporatedbodiesandgettingrunsontheboardfortheirlocalcommunities. Welookforwardto gettingtoknowthesenewcommitteesandsupportingtheworktheydointheirtownsandregions. Keypartnerships Thefinancialsupporteacheducationfoundationisabletogivetotheirlocalyouthissubstantially boostedbythegenerosityofoureducationpartnersinnsw,qldandsa. Grantrecipientswhoattendanyofourpartneruniversity/collegesreceiveextrafundsfromtheir university/collegeoncetheyhavecommencedtheirstudiesfortheyear.thisleveragingoflocal grantsmakesanenormousdifferencetothelevelofsupportweareabletoextendtocefansponsored students. Formostofourstudents,thisextrafundinggoestowardsthesizablecostofrentandtravelthatthese ruralandregionalstudentsfacewhentheymoveawayfromhometopursuetertiarystudies.

8 Annual Review Experienceprojects SpecialmentionmustgotoMacquarieUniversity,UTS,UniversityofCanberraandtheAustralian NationalUniversitywhohostCEFAstudentsattheirannualuniversityexperienceprograms.These programsofferaonceinalifetimeopportunityforcountrystudentstoexperienceuniversitylifeand whatit sliketoliveinabigcity. Iwasfortunatetohavetheopportunitytoattendtheuniversityexperienceprogramsthisyear,and experiencefirsthandtheimpacttheexperiencehadonalloftheattendingstudents.oneach occasion,itwassoheartwarmingtohearfromthehostuniversitiesabouthowmuchtheyalsovalue theprogramsthathelptoraisetheirprofileandextendtheirreachintoruralandregionalaustralia. Wethankallofoureducationpartnersfortheveryimportantcontributiontheymaketothelivesof youngruralandregionalaustralians. Corporateandphilanthropicpartners Asmanywouldbeaware,CEFAdoesnotreceivegovernmentgrantfunding,sowerelyonthe generosityofourpartnersandsupporterstofundourworkinruralandregionalaustralia.these includecorporateandphilanthropicfoundationsaswellasfamiliesandindividuals.withouttheir support,cefawouldnotexist.wewereparticularlydelightedbythedecisionbyourprincipalpartner, theoriginfoundationtoextendtheirsupportforcefaforafurtherthreeyearperiod. TheOriginFoundationhasbeen andcontinuestobe agenerous,supportive,andinterested philanthropicpartner.thenewpartnershipprovidesforfinancialassistanceatboththelocaland nationallevel,fundinggrantsforindividualstudentsaswellastheprojectsandprogramsprovidedto localfoundationsbycefa,thenationalbody. Administration ThepastyearalsomarkstheconsolidationofCEFA stransitiontoournewlocationinorange,nsw. Therelocationhasbroughtmanybenefitstotheorganisation,includingreducedoperationalcostsand theopportunityforcefastafftoengagemorecloselywiththeactivitiesofalocaleducation foundationatthegrassrootslevel. TheyearalsosawfurtherchangeswiththedepartureofformerCEO,AnnabelGay.Annabelhas movedtomelbourneandsheleaveswithourverybestwishesforthefuture.inthemeantimeiwillbe actinginthepositionofceo,withthecontinuingsupportandassistanceoffinanceexecutive,katie WalkerandtheCEFAExecutiveCommittee NickandJuliaBurtonTaylor,GuyMilsonandKatie Walker. Theteamwillcontinuetobesupportedonadaytodaybasisbyourprobonopartners,Boyce CharteredAccountants.Inparticular,ourkeycontactsatBoyce,BethHoskinsandRebeccaDuffy provideanenormousamountofassistancetotheorganisation.weareenormouslygratefulfortheir continuingadviceandsupport. KateStaniforth ActingChiefExecutive

9 Annual Review KeyStatistics 386 Total number of grants given by our education foundations in 2012 $228,845 Total value of co-funding given by our education partners in 2012 $404,035 $797,430 Total value of financial support provided in 2012 (includes external scholarships and aspiration programs) 5% 8% Increase in number of grants given from previous year Total value of grants given in 2012 Increase in value of all grants given from previous year

10 Annual Review YearHighlights Educationandtraininggrants Recordyearofgrantgiving 386grantsgiventoruralyouthtothevalueof $404,035. Partnerships RenewalofOriginFoundationpartnershipforthreeyears( ). Growth EstablishmentoffournewNSWeducationfoundationsinOrange,Gwydir, ShoalhavenandGreatLakescommunities. Assistanceforschoolstudents 63 country highnschool students attended universityexperienceprograms atuts,macquarieuniversity,anuanduniversityofcanberra. Communitysupport Rotaryawards$33,050inscholarshipstoCEFuniversitystudents. Educationpartners InternationalCollegeofManagement,SydneybecomesaCEFeducation partner.

11 Annual Review CondensedFinancialReport Yearending30June FundsWeRaised DonationsandProgramFunding 995,000 1,080,000 IncomefromFundsInvested 35,000 26,000 ChangeinValueofInvestments (21,000) 3,000 OtherIncome 3,000 9,000 1,012,000 WhatWeSpent 1,118,000 DistributedtoRegionalFoundations 515, ,000 Administration(Travel,Staff,Printingand Stationery,Accommodation) ProgramFunding(OutwardBound,University ExperienceProgram,CareersinScience) 224,000 64, ,000 68,000 DVDDevelopmentCostsWrittenDown 4,000 4, , ,000 RetainedforOngoingInitiatives/Paidoutof Reserves 205, ,000 WhatWeOwn Cash 592, ,000 Investments 230, ,000 OtherAssetsIncludingIntangibles 25,000 20, , ,000 WhatWeOwe SundryPayablesandProvisions 55,000 58,000 OurNetAssets 792, ,000

12 Annual Review PartnersandSupporters Weareverygratefulforthecontinuingsupportofourfamilyofpartnersanddonors.Withouttheir assistanceourworkinruralandregionalaustraliawouldnotbepossible. DonorsandIn;kindSupporters Avis BoyceCharteredAccountants CatherineCarter CharitiesAidFoundation ChristopherGrubb DamianScroope EMWheeler FairfaxMedia IanOsborn JamesNKirbyFoundation JohnKean JoanBryan EducationPartners AustralianCatholicUniversity AustralianNationalUniversity CanberraInstituteofTechnology CharlesSturtUniversity FlindersUniversity ICM,Sydney JamesCookUniversity MacquarieUniversity QueenslandUniversityofTechnology SouthernCrossUniversity TocalAgriculturalCollege KarinaMerriman OriginEnergyemployees RandSMapleBrown TheBurtonTaylorFoundation TheCaledoniaFoundation TheCowledFoundation TheMcLeanFoundation TheOriginFoundation TheProfieldFoundation TheRaymondEPurvesFoundation TheRotaryClubofSydney TheSnowFoundation UniversityofAdelaide UniversityofCanberra UniversityofNewSouthWales UniversityofNewcastle UniversityofSouthAustralia UniversityofSydney UniversityofTechnology,Sydney UniversityofWesternSydney UniversityofWesternSydney(Hawks) UniversityofWollongong

13 Annual Review LocalEducationFoundations OurfamilyofcommunityNbasededucationfoundationsextendsacrossNewSouthWales,the NorthernTerritory,QueenslandandSouthAustralia.AllCEFAeducationfoundationsarerunby dedicated,hardnworkingvolunteerswhoarecommittedtomakingadifferenceintheircommunities, listedbelow. NewSouthWales Balranald Gilgandra Monaro Boorowa Goulburn Moree Braidwood Gulargambone Mudgee BrokenHill Gunnedah Narrabri Coleambally/DarlingtonPoint Harden Temora Coonamble Hastings UpperHunter Cootamundra Hay WestWyalong Cowra Lockhart Yass Dubbo Merriwa Young EdwardRiver(Deniliquin,Conargo) SouthAustralia CooberPedy Kapunda Lameroo Eudunda Kimba TorrensValley KangarooIsland Wool,WineandWheat(ClareValley) Queensland Blackall Tambo Clermont Maranoa Paroo NorthernTerritory CentralAustralia(AliceSprings)

14 Annual Review BoardMembers NickBurtonTaylorAM,FCA Chairman CoNfounder,CountryEducationFoundationofAustraliaandfoundingmemberBoorowaEducation FoundationNPastChairmanandcurrentDirectoroftheAustralianAgriculturalCompany,Directorof CSRLimitedandMemberoftheRabobankAdvisoryBoardNFormerDirectorofAirservicesAustralia, thefederalairportscorporation,sydneyairportcorporationlimited,hazeltonairlines,graincorp Ltd,AustralianTopmakingServices,RuralPress,theMeatResearchCorporationNPastPresidentof theinstituteofcharteredaccountantsinaustralianprincipalofhillgrovepastoralcompany. JuliaBurtonTaylor Secretary CoNfounderofCountryEducationFoundationofAustraliaandmemberofBoorowaEducation FoundationNDirectorofHillgrovePastoralCompanyandKenny'sCreekAngusNPastdirectorof BypassStockfeedsNPastandactivememberofnumerouscharitycommitteesandcommunity projects. GuyMilson Treasurer ManagingPartnerofMilsonFamilyPartnershipNDirectorofanumberofprivatefamilyinvestment companiesnchairperson of Goulburn District Education FoundationNNumerous roles in local charitableandsportingorganisations. DavidSmithersAM,FCA Extensiveexperienceinthefinancialservicessector,particularlyincorporatevaluation,mergersand acquisitions,privatisationsandrestructuringnformerchairmanofpricewaterhousecoopersand MemberofthePwCglobalboardNPastPresidentoftheInstituteofCharteredAccountants StuartBlackAM,FCA ManagingPartnerofChapmanEastwayCharteredAccountants,withbroadexperienceintheprimary productionsectorandaninterestinphilanthropynpastchairandcurrentdirectoroftheaccounting Professional & Ethical Standards Board LtdNNonNExecutive Director of Coffey International Ltd N PastPresidentoftheInstituteofCharteredAccountants. MichaelBoyceFCA,FAICD,HDA FoundingPartnerofBOYCECharteredAccountantsin1973NDirectorandamemberoftheAuditand Compliance committee for Namoi Cotton CoNOperative LtdNA Director of Monbeef Pty Ltd and Hazeldean Pty Ltd and Chairman of Fugen Hardware GroupNPast member of the Institute of CharteredAccountants. CatherineWalker PartnerinaYassgrazingoperationNPastChairmanoftheYassDistrictEducationFoundationNPast President of the Ski Club of Australia and the Ascham Parents Association N Over 25 years involvementincharityworkincludingtheguidedogsassociation,hortonhousenursinghomeand theyassagedcarefoundation.

15 Annual Review Staff ChiefExecutiveOfficer:AnnabelGay CommunicationsandProjectsOfficer:HenriettaHood/KateStaniforth ExecutiveFinanceOfficer:Catherine(Katie)Walker Auditor BoyceAssuranceServicesPtyLimited GettingInvolved Areyouinterestedinhelpingustoprovideeducationandtrainingopportunitiesfordisadvantaged youngpeopleinruralandregionalaustralia?sponsorships,bequestsordonationsaregratefully receivedbythecountryeducationfoundationandamountsof$2ormorearetaxdeductible.bequest arrangementscanbemadethroughanyrecognisedtrusteecompanyorsolicitor.alternatively,our ChiefExecutiveOfficerwouldbepleasedtomeetwithyoutodiscussyourwishes. TheCountryEducationFoundationofAustraliaLtdNACN POBox245,OrangeNSW2800