St. Mary's Community Foundation

​

On legal and accounting advice, the Foundation has been set up as a Discretionary Trust.  For administrative simplicity, the Trustee of the Trust is a company ("SMCF Pty Ltd").

​

The company, in its capacity as Trustee, will maintain control of the Trust. The  company will be independently responsible for how the capital of the Trust is applied and how earnings are distributed.

​

As part of this responsibility, the company is bound to act in accordance with the charitable purposes and powers of the Trust, which are detailed in the Deed of Trust that governs the Foundation.

​

For more information on how the Foundation works click on the Foundation Works link

​

Setting up our own Foundation gives St. Mary’s Community autonomy through its elected Directors in respect of the maintenance of capital and allocation of monies to support appropriate endeavors within our community.

​

The Foundation provides a sound financial framework to enable the furtherance of our Christian mission.

For more information on the advantages of The Foundation click on the Foundation Advantages link

​