Our Board of Directors have wide experience in evaluating funding applications for community projects.
On its 100th anniversary in 2003, Newcastle Permanent
Building Society created the Newcastle Permanent
Charitable Foundation as a gift to the community.
Newcastle Permanent Community Foundation
Company Ltd is the trustee of the Charitable Foundation
and is represented by a Board of Directors, comprising
representatives of the Newcastle Permanent Board
and appointed Community Directors. The Charitable
Foundation Board elects its own Chair.
The Charitable Foundation is classified as a Private
Ancillary Fund (PAF) and is regulated by the Australian
Charities and Not-for-profits Commission (ACNC).
The Charitable Foundation provides more than
$1.5 million annually in grants to eligible not-for-profit
community organisations across the Hunter, Central
Coast, Central West, Mid North Coast, New England,
and Northern Rivers regions of NSW.
The Board meets at least four times each year and
has responsibility to set and monitor the Charitable
Foundation’s strategic direction, guide its financial,
risk and investment decisions, ensure compliance
with the Charitable Foundation’s Trust Deed, guidelines
and taxation and other legislation, and to approve
funding of charitable grants.
Newcastle Permanent Building Society has endowed
the Foundation with $30 million to administer within
the guidelines of the Charitable Foundation’s own
constitution, charter, and strategic plan. The Charitable
Foundation invests the $30 million endowment to
generate an income stream that is used to support
worthy and important community projects and
initiatives into the future. Operational support is
provided by Newcastle Permanent Building Society
under a defined administrative services agreement.