FOUNDATION

YET Foundation

If you would like to assist YET achieve it’s strategic goal of financial sustainability, then you could consider a donation to the YET Foundation.

The YET Foundation was established in 2005. The purpose of the Foundation is to accumulate and prudently invest capital and to generate income to donate to the Youth Enterprise Trust (YET) in order to materially assist it in achieving financial self sufficiency.

The Youth Enterprise Trust’s longer term intention is to become financially self supporting. The YET Foundation was established with the objective of building it’s capital base to $6m by 2010. The income generated each year from this capital base will be sufficient to cover the majority of annual running costs of YET’s youth program, helping it achieve sustainability.

Investments are made in accordance with the Foundation’s investment policy, in a conservative mix of shares, bonds and cash. As the Foundation is an ‘in perpetuity’ fund, it’s objective is to maximise returns over the longer term whilst at all times seeking to preserve the capital base.

Your donation to the YET Foundation is fully tax deductible as the YET Foundation is endorsed as a Deductible Gift Recipient and a Tax Concession Charity.

YET Foundation Board Member profiles

The Foundation operates at arms length from YET. It has it’s own board of directors (the majority of which are independent of YET) and an expert investment board sub-committee.

Justine Hickey B Com, GAICD, SA FinSIA

Chairman, Member of Investment Committee
Justine’s background is in investments – in Australia and the UK
Justine is now a professional company director. She sits on the boards of Australian Ethical Investment Ltd, Hyperion Flagship Investments Ltd and Rio Tinto Staff Super Fund. She is also a member of the investment committees of University of Melbourne and boutique manager, Dalton Nicol Reid.

Peter Latham, B Sc, DipEd

Independent Director, Chair of investment committee
Peter is a professional investor with over 20 years experience in Australian equity markets. He is a partner at Ceres Capital, a Melbourne based hedge fund. Previously he was Manager Equities at Suncorp Investment Management and a senior portfolio manager at National Mutual.

Geoff Rodgers, B Bus, Dip Mktg, FAICD, FPRIA

Independent Director
Geoff is the Founder and Chairman of Rowland; a strategic communication and business advisory firm headquartered in Brisbane. He is also Deputy Chairman of the Gregory Terrace Foundation and a member of the Brisbane Lord Mayor's Business Advisory Group.

Brian Sheahan, B Sc, B Com, MAICD, SA FinSIA

Independent Director, Member of investment committee
Brian is Managing Director, ABN AMRO Morgans.
Brian has over 20 years experience having held senior roles in corporate banking and financial analysis in Europe, Asia and Australia.