2019-2020 Financials - Tim Fairfax Family Foundation

TFFF focuses on supporting work that is locally driven and strengthens rural, regional and remote communities. Photo courtesy of Youth Link Kuranda.

Tim Fairfax Family Foundation Annual Report 2019-2020

Financials

$48m

distributed since inception

$6,149,782

distributed this financial year

$112m

total corpus

The investment of the corpus of TFFF in a diversified portfolio is overseen by Cambooya Services Pty Ltd and JANA Asset Consultants.

Financial and Investment Data

The below values are as at 30 June for the relevant year	2019-20	2018-19
Portfolio Market Value	$111,507,297	$121,776,062
Distributions (total for financial year)	$6,149,782	$5,619,500
Distributable Income (5% of corpus)	$6,088,803	$5,560,547

The portfolio continues to meet its investment objective of CPI +5% over the long-term. However, the implications of COVID-19 meant that the performance of the TFFF portfolio was negative for the 2020 financial year.

Distributions Since Inception

Since our establishment the TFFF has distributed a total of $48,144,013.

* There was no minimum distribution requirement for the 2008-09 year.

Asset Allocation

Asset allocation as at 30 June 2020.