Foundation Foundation and Council: A close relationship for good management

Mr John Flecker Chair of Foundation

For example, we discuss:

• The College’s overall current financial position

• Enrollment numbers and trends

• New learning initiatives (such as Scotch Global)

• Overall masterplan and timing of potential capital works

I hope it gives Foundation Members and the whole College family comfort that the College is so professionally managed via Council, its Finance and Planning and other Committees and the College Executive. Also, that there is appropriate information exchange and alignment of values and intent between those bodies and Foundation albeit each have their own remits.

At the beginning of the year Foundation met with the College Council’s Finance & Planning Board. This is a relatively recent annual initiative and is a very valuable exchange.

Foundation is an independent body, operation under its own constitution. However, given its fundamental purpose is to support the College, it is important that Foundation is aware of opportunities and challenges facing

• Potential future opportunities and challenges

Similarly, it is helpful for Finance & Planning to be aware of what Foundation is doing:

• Current assets and how they are invested (approx. $47m at end of 2023)

• Current loan to the College for capital works (approx. $10m)

• Forecast expenditure directly to and in support of the College (approx. $500k in 2024)

In April it will be 40 years since the College purchased Moray, our Outdoor Education property at Dwellingup. Moray is a well utilised facility that many students and parents from the past 40 years have fond memories of. As you can see below, our annual appeal will focus on raising funds to revitalise aspects of this facility and I strongly encourage you to support this project.

As the year progresses, I will update readers on Foundation activities in future editions of Clan.