THE ARCHITECTURE FOUNDATION

The Architecture Foundation (A.B.N. 36 384 968 087) was established in October 2006 to attract gifts of money and property, administer and invest those gifts and consequent income and to provide funding to the University of Newcastle in support of the Eric Parker Travelling Scholarship.

The Foundation’s mission is to raise funds, undertake prudent investment of those funds and make grants to the University of Newcastle and thus benefit the nominated scholarship.

In June 2007, the Foundation was approved as a Prescribed Private Fund with D.G.R. status allowing tax deductibility of all donations received, as well as exemption from income and capital gains tax liabilities.

THE TRUSTEES

The trustees have wide-ranging and significant powers to manage and control the Fund. These powers and limitations are spelt out in the Trust Deed of the Foundation, in Sections 8, 9 and 10.

TRUSTEES OF THE FOUNDATION

Robert Donaldson Architect (ARBnsw 2824), F.R.A.I.A. (19291)
The Responsible Person of the Foundation.
Chair of the Architecture Foundation Advisory Committee.
Retired Architect. Formerly Head of the School of Architecture, University of Newcastle.

Ian Eckford Architect (ARBnsw 3672)
Hon. Secretary of the Architecture Foundation Advisory Committee.
Design Development Manager, Enerserve.
Formerly foundation director of EJE Architects.

THE PATRONS

Colin Madigan, Retired architect, previously senior partner of Edwards, Madigan, Torzillo and Briggs, Architects, Sydney.

Ruth Parker. Widow of Professor Eric Parker in whose memory the travelling scholarship was established at The University of Newcastle.

THE FOUNDATION ADVISORY COMMITTEE Here

GIFT ACCUMULATION PLAN

The Gift Accumulation Plan includes retention of 90% of all gifts and donations for at least 10 years from 2007. An amount of 10% of all gifts and donations as well as all the full amount of all other income will be directed towards the nominated beneficiary from 2007. Once the approved capital base of the Fund has been achieved, all gifts, donations and other income will be directed towards to the nominated beneficiary.

The capital base will be reviewed annually and adjusted in accordance with CPI movements or as extraordinary situations demand.

THE FOUNDATION INVESTMENT POLICY

The Trustee will invest all trust monies in a way that carries little or no risk of loss and, at the same time, maximises the greatest possible return of interest within that context of low risk.

Operational investment and financial advice is provided by Prosperity Financial Advisers, Newcastle.

TRUSTEE’S POWERS

The powers of the Trustee are wide ranging, and substantial and carry significant personal and corporate indemnity against possible loss or liability.

Clause 8.2 (d) of the Trust Deed permits the Trustee to “take and act on the opinion of a barrister practising in Australia in relation to the Trust Deed or any of the trusts or powers of the Trust Deed. . . .” The barrister from whom all legal opinion is sought is Ian Bailey (Senior Counsel, Sydney Bar and graduate of the University of Newcastle School of Architecture).

Operational legal advice is provided by Parker and Randall, Solicitors of Newcastle.