Trust funds launched to grow Coffs Harbour
SEVERAL funds for philanthropic donations aimed at helping improve the city have been established by Council through a process approved by the Minister for Local Government.
A not-for-profit body called Prosper Coffs Harbour Limited will administer three trusts - the Coffs Harbour Protection of the Environment Trust Fund, the Coffs Harbour Cultural Trust Fund and the Coffs Harbour Futures Trust Fund.
Prosper Coffs Harbour Limited is managed by a Board of Directors made up of community and Council representatives and will be chaired by Coffs Harbour City Council's general manager Steve McGrath.
Coffs Harbour Mayor, Cr Denise Knight, launched Prosper in front of more than 70 community members at the Novotel Pacific Bay Resort.
"Having an opportunity to directly influence the growth of our city by contributing in this way will enhance community ownership and participation in our collective future," Cr Knight said.
"Having a vibrant and engaged community is fundamental to the wellbeing and economic vitality of any community."
The Coffs Harbour Protection of the Environment Trust Fund's principal purpose is the protection and enhancement of the natural environment, the provision of information, education and research about the natural environment.
The Coffs Harbour City Council Cultural Trust was established to provide a source of funding for the promotion of literature, music, performing arts, visual arts, design, new media, Aboriginal Arts and creative industries within the Coffs Harbour Local Government Area.
An early initiative of the Cultural Trust is the Coffs Harbour Youth Art and Cultural Scholarship, which has been developed to assist young emerging artists in all art and cultural forms who have demonstrated a high level of achievement in their chosen field.
"In summary, the funds from these Trusts are to be used to fund projects across the Coffs Harbour Local Government area that are important to the ongoing growth and development of the economic, social, cultural and environmental basis of the community - and which cannot be funded from existing sources," Prosper chairman Steve McGrath said.
Individuals who donate over $2 to either of the Trusts are eligible to receive a tax deduction.