Queenscliff Surf Life Saving Foundation.
Purpose
The purpose of the Foundation is to ensure Queenscliff Surf Life Saving Club meets its objectives in saving lives and keeping people safe while they enjoy the beach and the surf. The sole beneficiary of the Foundation is the Queenscliff Surf Life Saving Club.
The Club relies heavily on donations to support its services. History shows that the variation in income each year can be dramatic. An unexpected fall in public donations in any year can prevent us from delivering our lifesaving services according to prior planning. Equally, significant donations are currently held by the Club in cash only without the facility to invest for the longer term.
The Foundation was established to provide the opportunity for individuals to contribute to the long-term sustainability of the Club. The Foundation operates strictly as determined by the Club’s Constitution and is managed by the Foundation Committee
Management and oversight.
The Foundation Committee consists of three Life Members (selected by the Life Members), the President (or a board member representing the President) and an Independent, non-club member. Members of the Committee are to be elected on the basis of a base level of understanding of investments and investment markets with at least one member of the committee (where available) to be deemed an investment expert.
Why is it needed?
Predicting the future is not possible. Through the existence of an independent, strategically invested Foundation, the long-term financial sustainability of the Queenscliff Surf Life Saving Club can be supported. In times of need, or when strategic development by the club is occurring, the Foundation can independently choose to support the club to ensure it remains able to deliver on its mandate of keeping the beach safe.
How does it get funds to invest?
The Foundation raises money through bequests and donations from people who want to ensure the Club’s long-term future.
How does it operate and what is the investment approach?
As a separate entity overseen by an independent board of directors. The investment strategy of the Queenscliff Foundation is to invest primarily in longer term, low risk assets for the future generations of life saving volunteers
How can I find out more information? <insert hyperlink for the pdf document> or please email or call the QSLSC Treasurer to discuss further.
How can you help?
The Foundation raises money through bequests and donations from community minded individuals or businesses who want to ensure the Club remains sustainable in the future.
A bequest to the Foundation would be a lasting tribute in support of the Club’s purpose and objectives.
How can you Participate?
There are two options to contribute to the Foundation; via credit card payment or direct payment.
