25/11/2020
$50,000 Gift Seeds New Toowong Rowing Foundation
Dear Friends of Toowong Rowing,
We are pleased to announce the formation of the Toowong Rowing Foundation by the President and Vice Presidents, past and present, of the club at a meeting held in Brisbane on 21 November 2020. Past President Silvio Pradella announced he would seed the fund with a $50,000 donation.
The foundation has been established to provide long term support for the Toowong Rowing Club through the accumulation of investments. Over time, funds will be available for infrastructure, boats and equipment, and to subsidise rowing for youth. The development of this standalone investment fund will benefit all club members over the years ahead.
The board of directors comprises Robert van Mourik (Chair), Andrew McLean Williams (Vice Chair), Russell Kerrison, Peter Macgregor and Robert Gunningham as Secretary. Together, they have considerable experience in business, management, investment and risk management along with a deep understanding of the club.
The foundation’s fundraising activities will have a long-term focus and supplement the shorter-term fund-raising activities of the club currently in place.
In the coming weeks we shall inform you further about the objectives and legal structure of the foundation. To learn more you can visit the foundation’s website at www.toowongrf.org or email [email protected].
