TCF CHAIRMAN'S REPORT 2009
In July 2006 Mr Mark Temple Smith, then long-standing Director and Company Secretary, prepared a board challenge paper titled "Report on the future of the Tasmanian Community Foundation". This was the culmination of more than a year's cautious, prudent, diligent work by a small number of directors who remained active, engaged and committed to the notion that Australia's first Community Foundation should not be allowed to disappear without trace. Nevertheless, that group of directors recognised that this mission was not served merely as prudent custodian of the funds; it needed to generate new donor accounts and to actively make grants using not the corpus, but, the interest and dividends arising from their investment. As recent history had demonstrated, that could not be achieved by well-intentioned directors doing it 'off the side of their desks'. A more bold strategic and focussed approach was required, and the funds to make it possible.