Possibly the largest regional charitable foundation in Australia, Newcastle Permanent Charitable Foundation provides over $1.5 million in grants each year. Lise Taylor reports.
Newcastle Permanent Charitable Foundation was established in 2003 to celebrate the 100th anniversary of Newcastle Permanent, a Newcastle, NSW, based building society. It was created to give back to and support the community that had supported it for 100 years.
The Foundation is a PAF and was established with a $30 million endowment from Newcastle Permanent Building Society. Newcastle Permanent provides ongoing support to allow the Foundation to remain focused on its aims and use 100% of its income to fund and enable charity partners.
With an annual community grant program that is entirely self-sustaining, the Foundation aims to make a difference in the lives of disadvantaged, marginalised and vulnerable members of the community.
“We do this by providing funding for innovative, sustainable and beneficial community projects and initiatives in three key focus areas: health, social wellbeing…