The TFFF exists to support rural, regional and remote communities in Queensland and the Northern Territory to address the particular challenges they face due to their geographic location.
We aim to achieve this by building the capacity of communities to improve their vibrancy, connectedness, resilience, and sustainability.
We focus on initiatives that are community driven, support leadership, encourage diversity, strengthen the community sector and involve collaboration between both private and public sector partners in the community.
We envisage a future where people in rural, regional and remote communities in Queensland and the Northern Territory are afforded a level of opportunity equal to their metropolitan counterparts.
Executive Officer’s Message
The Foundation’s first annual report released in 2015 and presented in an online only format was received well by grant seekers and grant makers alike. Going forward, we are committed to ensuring this annual resource tells the story of the TFFF in a way that helps all stakeholders better understand our focus and what drives our work.
Over the past year we have continued to demonstrate our strong commitment to organisations working for the benefit of communities in rural, regional and remote Queensland and the Northern Territory through an increase in the number of larger grants approved over longer periods of time. Accordingly, the proportion of multi-year grants approved has increased from 73% in 2014/15 to 88% in 2015/16.
This year also saw the Foundation approve its first social impact investments. The Arts Business Innovation Fund (ABIF) established three hybrid grant/loan arrangements with 4MBS Classic FM to expand its Silver Memories program to regional and remote aged-care residences, Umbrella Studios to improve their online capability in order to increase access to new markets for regional artists, and the Institute of Modern Art to grow a future generation of art collectors through innovations to its business model. TFFF continues to work closely with Arts Queensland, Foresters Community Finance and the consortium partners to strengthen and broaden the pipeline of organisations that could benefit from support via ABIF.
Maintaining our commitment to collaborate, in late 2015 TFFF entered into an arrangement to match the Sidney Myer Fund’s support for its Capacity Building Stream for the Arts in Queensland and the Northern Territory between 2016 and 2018. This collaboration resulted in TFFF giving seven organisations across Queensland and the Northern Territory untied funds towards capacity building over two consecutive years.
I would like to take the opportunity to thank the Trustees of the TFFF, Tim Fairfax AC, Gina Fairfax and Jim Peterson, for their outstanding support and vision this past year – it is this support that has enabled TFFF to take on new and exciting ventures, such as ABIF and the collaboration with the Sidney Myer Fund. New approaches to grant making are often as challenging as they are rewarding and the Foundation’s capacity to engage in this way would not be possible without the Trustees’ guidance and appetite for a challenge.
In the coming year the Foundation will continue to seek out and respond to stakeholders who share our desire to find ways to best support resilient and thriving communities in rural, regional and remote Queensland and the Northern Territory.