The Fund aims to achieve, in perpetuity, a stream of income to maintain an annual distribution equivalent to at least 4% of corpus after expenses as well as maintaining a level of corpus that increases above inflation over the longer term.
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 on 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 principally in Australian equities. 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 2017, the net assets of the fund were valued at $82 million.
The Annual Financial Report under Financial Reports in News and Publications