Finance and Investments

Vincent Fairfax Family Foundation Annual Report 2021

Photo by Mike Bowers

The Numbers for FY21

The Corpus of VFFF and VFELF is invested in a diversified portfolio overseen by Cambooya Services Pty Limited assisted by the Cambooya Investment Committee and JANA Asset Consultants.

The VFFF Portfolio exceeded its investment objective of CPI + 5% over the one-, three-, five- and seven-year periods at 30 June 2021.

The Boards extend their appreciation to Trent Duvall, Quang Dang and KPMG who provide their audit services to VFFF on an honorary basis.

Using the Yale Model, Directors have set a granting target of $10.3m for VFFF in 2021/22.

VFFFVFELF
2020/21 $m2019/20 $m2020/21 $m2019/20 $m
Corpus220.0182.27.66.7
Grants approved9.912.90.40.4
Cumulative grants194.1184.27.36.9

VFFF Corpus and Grants

Note: Historical grants represent total cash distributions in that year. From FY20 onwards the amount represents new grants approved in that year.