b'38 FOUNDATION FOUNDATION 39T FOUNDATION TR RO OP PE ER R L LUA UAN NN NA A S SR RE EP PO OCO COThe Coopers Foundation largelyThe Fund now holds in excess of $10 million,Shareholders gave over $90,000 in the yearNeuroblastoma is an aggressive childhood cancer rebounded from the effects of COVID-19and the next generation of custodians will bethrough direct donations and deductions fromand the Venetoclax project involves research into the and donor fatigue suffered in the previousable to nurture the legacy from this significanttheir dividends. efficacy of combinations of approved drugs with the financial year. It was pleasing to be able toinvestment and future growth.aim of progressing to clinical trials. hold the Foundation Golf Day in May afterFrom inception of the Foundation, a limit of its cancellation last year. The Board offered to formalise an increased$30,000 was instituted for the maximum donation,The 12th Foundation Golf Day was held at Kooyonga level of financial support for the Foundation,but in 2017 the Sustainable Giving GrantsGolf Club in May with 31 teams, including twelve In a welcome gesture, the Cooperspledging an annual donation of 1.5% of were introduced to provide a more sustainablehole-sponsors. Golfers enjoyed activities provided by Board elected to donate $4 million to thepre-tax profits to the Perpetual Fund. contribution to worthy causes. sponsors on course, and subsequently a dinner and Foundations Perpetual Fund. The BoardThis undertaking will be reviewed after live auction, raising over $150,000 for the Sustainable supports the Foundations aspirationseven years. The $150,000 Sustainable Giving Grants areGiving Grants program.to become a lasting social legacy thatprovided to three charities concurrently which willbenefits the community through charitableCoopers employees continue to provideeach receive annual support of $50,000 for This financial year, the Foundation donated $403,550 provision.generously to the Foundation, exceedingthree years.to 16 worthy charities, taking the total amount $62,000 in donations. Staff contributionsprovided since inception in 2006 to $5.841 million, The Perpetual Fund creates a vehicle forsupported United Ways early literacyThis year, Neuroblastoma Australia was selectedacross more than 320 charitable projects.donors to make bequests, and, given theprogram, delivering book packs to hundredsfrom the category of medical research, joining beneficial tax status of the Foundation,of children from disadvantaged homesthe current recipients of Australian Literacy and investment activity in the Fund will provideand the Leeuwin Ocean Adventure voyageNumeracy Foundation for youth education, for long-term capital growth.participation for young people with and Christians Against Poverty for family and a disability or special needs.community support.'