Sub-funds can be established by donors and can either be “named funds” or “themed funds”.
A named fund is a special sub-fund that carries a name for the purpose of honouring someone (or something) and preserving their memory.
The sub-fund can carry the name of the donor, the donor’s family, a family member, a friend, a local pioneer, outstanding citizen or an organisation.
Currently there are two named funds – Cummins Community Future Fund and Rotary Club of Port Lincoln Disaster Fund.
A themed fund is established for the purpose of directing grants into a specific area of community need as determined by the Board or if preferred by the donor (typical existing examples of themes include Education and Home Hospice).
Applications to establish named or themed funds need to be approved by the Board and will need to meet all of the financial and other conditions that apply.