Future2 goes grassroots
The Financial Planning Association’s new charitable foundation, Future2, could become one of the country’s largest charitable funds, according to the foundation’s trustees.
“If we can harness just 100th of the $1 trillion or so currently in funds management by engaging with Australians, think of all the good we can do,” said Future2 trustee Peter Bobbin.
In a soft launch to principal members in Sydney yesterday, the Financial Planning Association (FPA) outlined its vision for the association’s philanthropic initiative, which Future2 taskforce head Ray Griffin said was a way of harnessing the energy and experience of members for the good of the community.
“The foundation has been set up to support the financially underprivileged and to enable the financial planning profession and associated stakeholders to give back to the community from which they draw their livelihoods,” he said.
“We chose the name Future2 because the foundation is about giving people a second chance.”
Griffin said the type of projects which might be supported by the foundation include: pro bono assistance following natural disasters; scholarships and other support for study; and establishing training and development programs that encourage self-reliance and rehabilitation.
According to Griffin, the foundation will raise capital through a number of ways, including corporate and individual sponsorship and client contributions, with monies raised used to support deserving causes. This will be determined by a ‘grants committee’, which will examine the merits of each charitable cause.
The foundation has secured the pro bono assistance of The Argyle Partnership for legal support, van Eyk as the asset management consultant, and Richard Knight Design for name and brand development.
While the Future2 Foundation will be officially launched at the FPA National Conference in Sydney on November 28-30, the FPA and taskforce members will seek to raise awareness of Future2 among FPA members through a specific focus on communications with FPA chapters to encourage their involvement.
In addition, a presentation to FPA principal members will also take place in Melbourne on July 18.
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