A Foundation to ensure Brothers Rugby Club continues to be the premier rugby club in Australia.
The resources required to maintain a successful rugby club are significant – the cost base large – the technical expertise necessary, world class. These are challenges the Club alone cannot meet. It is thus the goal of the Foundation to provide financial and commercial independence. The Club must continue to attract the leading players, coaches, support and technical staff. It must have state of the art resources, facilities and grounds. The Foundation will work with the Club to achieve these outcomes.
How the Funds are Utilised
The clear objective of the Foundation is to build a sustainable, large and growing capital base to deliver real outcomes to the Club. The Foundation will direct funds to: capital projects, coaching and administrative resources, and assets that increase the rugby potential of our players.
How the Funds are Applied
The Foundation will consider certain projects upon application by the Club. The Foundation believes that each project must be for the objective of furthering the long term interests of the Club. For too long funds have been raised and used to meet operational matters. This is contrary to the core objective of the Foundation which is to meet the long term aspirations of the Club and its players.
The Australian Sports Foundation [ASF] has been established by the Commonwealth Government to assist not for profit organisations to raise funds for sport. Funds are deposited with the ASF. The ASF will approve projects to which donors may contribute. These donations are tax deductible.
Alternatively, donors may contribute to the Foundation directly, for which no tax deductible status applies. This allows the Foundation to grow its capital base without the need to advise the ASF of specific projects. Freedom within the Foundation exists to divert these funds to the objectives of the Foundation.
Members will be presented with a commemorative custom-made traditional style Rugby Cap. It is proposed that all members will be recognized on an Honour Board in the Club.
Assistance is sought from the Foundation to have you, your friends and supporters of Brothers, bequest an amount in your Will to “The Brothers Foundation.” It is quite common for other successful Clubs in Australia, who run such Trusts, to seek donations from members’ and supporters’ estates. All amounts would be gratefully accepted as your legacy to this great Club.
The Foundation wishes to meet a minimum target of $1 million within 10 years. We are into our 4thfundraising year now so much work on an accelerated program is required. With this amount invested the Foundation believes it will be able to apply the interest on funds invested to approved projects. There will be projects during the capital raising phase that the Foundation will approve.
Management of the Fund
The Board of the Foundation has established a sub-committee to raise funds:
Denis Croft: email@example.com 0411 570 656
Paul Tully: firstname.lastname@example.org 0413 011 011
Mark Harvey: email@example.com 0402 126 335
Tom Ritchie: firstname.lastname@example.org 0414 484 767
The Board of the Foundation will ensure the funds are managed under strict prudential guidelines to ensure the objectives of the Foundation are met.
The fund will be audited annually. Donors will be provided with annual audited accounts of the fund.