Foundation Investments Update

December 12, 2018

SeptemberThe General Gumala Foundation Trust wishes to report to Beneficiaries that as at 30 September 2018 it had total assets under investment of $108.3M, up from $106.8M at 30 June 2018. $2.7M of cash from interest and dividend revenues has been invested into market investments for the quarter as part of the ongoing strategy of minimising low-earning cash holdings.
Total Revenue for the September 2018 quarter was $5.4M with $4.3M being retained for the benefit of Members and Beneficiaries through available Member Program Funding and investments into the Future Fund. Member Program Funding accruals stand at $13.1M at 30 September, providing assurance of funding of member programs for the remainder of the current 2018/19 financial year.

The Gumala Trust acknowledges and pays respect to the past, present and future Traditional Custodians and Elders of this nation and the continuation of cultural, spiritual, and educational practices of Aboriginal and Torres Strait Islander peoples.

Aboriginal and Torres Strait Islander people should be aware that this website may contain images, voices or names of people who have passed away.

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