Underpinning Cromwell’s values is the belief that we have a responsibility to build stronger communities, and one way we do this is through charitable support.
Cromwell has a long history of supporting charitable organisations and continues to build on this legacy, in part, through the Cromwell Property Group Foundation (Foundation).
Established in January 2014, the Foundation has donated almost $800,000 to a range of worthwhile causes.
Each year, Cromwell donates a minimum of $100,000 to support charities that align with the Foundation’s donation criteria and mission. Other donations and funding come from fundraising events, as well as investor and online donations.
The Foundation was established to benefit organisations that conduct research into, or provide support to causes relevant to the mature aged community.
The Foundation provides transformative donations to organisations that ordinarily miss out on the spotlight. Supporting charities which may not receive as much attention but whose work will benefit from the level of support able to be provided is a primary focus of the Foundation.
Cromwell Foundation Committee Chair, Jodie Clark, said the Foundation is proud to provide philanthropic support of lesser known charities and causes.
“The Foundation’s mission is designed to align closely with the profile of our investors. Further, underpinning our company values at Cromwell is the belief that we should support our community,” Ms Clark said.
Cromwell’s investors and key stakeholders are largely retired Australians. Thus, through our commitment to them, the Foundation focuses on causes relevant to the mature age community.
In FY19, Heart Research Australia, The Lady Musgrave Trust and the MND and Me Foundation, combined with Black Dog Ride, Pink Angels and Royal Far West, were the recipients of the $250,000 raised throughout the year. A breakdown of how each charity will use their funding is available here.
Since its inception, other beneficiaries of the Foundation have included the Australian Liver Foundation, Alzheimer’s Australia Dementia Research Foundation, MS Research Australia, Active Rehabilitation, and Parkinson’s NSW.