Low interest loan
The William Buckland Foundation’s collaboration with Benalla’s Tomorrow Today is breaking new ground in philanthropy, according to its chairwoman Sandy Clark.
‘‘As a perpetual charitable foundation, the low interest loan we have provided to Tomorrow Today, to help it purchase the Cecily Crt property, reflects new trends in impact investing,’’ Mr Clark said.
‘‘The trustees see that the loan will provide ongoing social benefits to the community in that it will assist Tomorrow Today move towards a more sustainable position and, as such, complement the benefits provided by the grants we give every year.’’
Tomorrow Today has been working with the William Buckland Foundation for five years and in that time $1.2 million in grants has been committed to support the Education Benalla Program.
‘‘We see the Education Benalla Program as one of our flagship initiatives,’’ Mr Clark said.
‘‘It’s built on a strong collaboration with the Tomorrow Today Foundation and is bringing about positive change in the Benalla community, so it’s fitting that we support the Foundation to take this next step.’’
The William Buckland Foundation is focused on improving the lives of vulnerable Victorians.
It does this through grants that support better housing, health, education and employment outcomes, and initiatives that build resilience and strengthen rural and regional communities.
Tomorrow Today chair Sally Gamble gratefully acknowledged the support of the William Buckland Foundation through the years and for the loan to purchase the property.
‘‘Our collaboration with the William Buckland Foundation has been a mainstay in our ground breaking approach to improving educational outcomes in Benalla,’’ Ms Gamble said.
‘‘(It allows) us to work with organisations, volunteers and families throughout our community, and provides many benefits locally.
‘‘The purchase of Cecily Crt gives Tomorrow Today a permanent home and some rental income to help continue our work in Benalla and district.
‘‘The purchase wouldn’t have been possible without this loan.
‘‘However, we are focused on reducing it down so that the community benefits of owning the property accrue as quickly as possible, and we need local support to make this happen.
‘‘We are committed to raising $250 000 towards the property purchase.
‘‘With the support of gen- real erous donors nearly half of this has been raised so far.
‘‘We entreat local people who have not yet donated to talk about the appeal with your family and friends and consider how you can help.
‘‘Your investment in Tomorrow Today is an investment in the future of Benalla.’’
Benalla and district residents are invited to find out more about Tomorrow Today Foundation’s work at its annual celebration.
This will be held on Thursday, November 9 at the Lakeside Community Centre from 5.30 pm to 7 pm.
The board and staff of the Tomorrow Today Foundation.