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Translate Issue 31, May 2018
His Excellency General the Honourable Sir Peter Cosgrove AK MC (Retd), Governor-General of the Commonwealth of Australia was delighted to meet the 2018 National Questacon Invention Convention delegates.
MESSAGE FROM THE CEO
Creativity leads the way It’s hard to believe it’s already May. This month we welcome our latest group of grantees, whose applications were approved by the Board at the Foundation’s first Board Meeting for 2018. It is a relatively small group of grantees this round as we reach the end of a period of reduced program area funding. Over the past two years, the Foundation has successfully managed the dual challenge of significant pre-existing multi-year commitments combined with the introduction in April 2016 of our Major Grants funding stream. This necessitated more stringent management of reduced program area budgets for a time, a situation that will change as we move into the 2019 fiscal year. I recently reported to the Board that based on the current value of the Foundation’s corpus and taking into account approximately $52m of forward commitments the Foundation’s five-year available funding estimate approximates $77m. Of this total, program area budgets should receive at least two-thirds of this over the coming five years, despite the