Meetings

The Trustees normally meet each month except January. When the need arises, additional meetings are held.

In September each year, the Annual Report (including the audited Financial Statements for the year ending on the preceding 30 June) is finalised and presented to the Trustees for adoption.

Investments

The Trustees objective is to invest the Fund so that it can maintain in perpetuity a stream of annual income and a level of corpus that both increase in line with or above inflation.
The Trustees' seek to

• base investment decisions generally on a long time horizon (i.e. greater than 5 years);
• recognise generational equity between the Fund's current and future beneficiaries by selecting investments that, in aggregate, are expected to deliver an appropriate balance between capital growth and income;
• focus stability of income (and therefore distributions) over stability of corpus;
• grow the value of the corpus in line with the increasing costs faced by future beneficiaries.

The fund is invested via managed funds and a small directly held portfolio in a widely diversified range of assets comprising Australian equities, real estate investment trusts, fixed interest securities and in cash. All investments are held in the name of Collier Charitable Fund Custodian Corporation (ABN 33 182 798 985) which is 100% controlled by the Trustees.

As at 30 June 2010, the net assets of the fund were valued at some $60 million.

The Annual Report, including the Financial Statements for the most recent financial year is set out in Publications - Annual Reports.