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» » Frequently asked questions |
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Frequently asked questions
How much money does SVA currently attract and invest in support of its portfolio of non-profit ventures?
Since our establishment in February 2002 to 30 June 2008, we have attracted funding commitments totalling $20.51 million.
The funding is allocated to four areas:
- Venture Fund: directly funding SVA selected social ventures and the associated work undertaken by SVA in support of venture growth
- SVA Fund: directly funding the work and infrastructure of SVA which is critical to the effectiveness and sustainability of the organisation
- Research & Development Fund: funding learning, research and knowledge to deliver practical educational tools
- Capital Fund: a permanent capital base designed to ensure the long term financial security of SVA
If I donate to SVA, how much of my donation will flow through to the non-profit organisations you partner with?
As outlined above, you can request that your donation be directed to one or more of four funding options we provide. If you want to ensure your money goes through to the underlying ventures we support, you would direct your donation to the Venture Fund. Of the amounts contributed to the Venture Fund, 80 per cent is allocated directly to support the ventures and related strategic projects while the remaining 20 per cent goes to SVA to cover the capacity building services we provide.
Do key executive staff at SVA support your work?
Yes.
Michael Traill, SVA’s Chief Executive, and his wife Jenny have contributed $250,000 to SVA. In addition it is expected that the majority of grants from a Prescribed Private Foundation established by Michael and his father Bill (which has capital of $540,000) will be allocated to the SVA Venture Fund.
Chris Cuffe, one of SVA’s Executive Directors, is a trustee of the Christopher Cuffe Foundation which has contributed $500,000 to the work of SVA over the year ended 30 June 2008 and a further commitment of $500,000 over the year ended 30 June 2009.
Twenty per cent of contributions to the Venture Fund goes to SVA, which seems quite high. Why doesn’t more go directly to the ventures?
It is critical to SVA’s work that we have the capacity to provide the quality and depth of support to the non-profit organisations we partner with and who see us as critical to their success. The 20 per cent contribution covers the direct SVA costs of providing this service. Our belief - supported by the ventures we back - is that the increased value we add to our portfolio of non-profit organisations through the services we provide is a significant multiple of the fee we receive.
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