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The Financial Markets Foundation for Children is a company incorporated under the Corporations Law and is the trustee of a charitable trust of the same name, whose purpose is the promotion of the health and welfare of children of Australia.
The Foundation is supported by participants of Australia's financial community, receiving both corporate and individual donations to fund research programs and a wide range of other projects designed specifically to improve the health, welfare and well-being of the future of Australia - our children.
To date the Foundation, via its annual Grants process has allocated more than $13 million dollars to over 180 projects that focus on the health and welfare of Australian children.
Since its inception in November 1990, the Foundation has raised its funds for the grants process through a number of annual events, including Work-A-day 4 Kids, The Financial Markets Ball (Melbourne), the annual Reuters/ASX Golf Day (formerly the AAP Golf Day) as well as one-off events held by outside supporting organisations, who make very generous contributions to the Foundation.
The day-to-day administration of the Foundation is undertaken by a Management Committee, with all the administrative duties and costs being met by volunteers' time. This support enables the Foundation to operate on a unique 'dollar in / dollar out' basis, ensuring that every dollar donated is allocated directly to the Foundation and its Grants (ie. no funds are used for administration, marketing or advertising etc).
The Foundation is managed by a Board of Directors, chaired by Mr Glenn Stevens, Governor of the Reserve Bank of Australia, who is joined by the heads of Australia's leading banks. They include:
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