What is the AFCM Future Fund?
The AFCM Future Fund was established in 2013 to ensure the Festival and the contribution it makes to chamber music in Australia continues into the future.
The AFCM Future Fund is a special fund of financial reserves separate from our operating funds. The Board has determined the purposes of the fund and has set up rigorous conditions for its use. Our target is to raise $1 million, the equivalent of one year’s operating funds; this will strengthen our balance sheet, contribute interest earnings to our operating budget, support specific “grand vision” projects and assist in times of extreme financial hardship.
At the end of 2015 we had raised $247,880 approximately 25% of our target! This is a wonderful start and our 78 Founding Donors who helped to kick start the Fund will be recognised in perpetuity. The Future Fund is the AFCM’s first material asset and a donation to the Fund is another step towards a stable future.
The Australian Festival of Chamber Music North Queensland Limited is a registered charity (with Deductible Gift Recipient Status). All donations over $2 are tax deductible. A donation receipt will be issued.