We are continually grateful for the generosity evident from the continuous stream of funds gifted to our donation programs.
As of April 23rd since September 1st, 2024, the totals for the two programs were: Affordable Lunch program $16,002; General Revenue $30,476.
We have had to adjust our target for the Affordable Lunch Program to $25,000 to account for the hiring of additional Sous chef Jackie. However, despite the additional demand on resources due to increased payroll and food prices, we remain committed to trying to keep food prices at their current level in the coming year. Proceeds from the monthly Sunshine Coast Seniors online 50/50 lottery are dedicated to helping our affordable lunch program and so the bigger we can build the monthly Jackpot the more we can support and hopefully expand the affordable meals program.
The General Revenue fund donations have now reached $38,096. This fund has been invaluable in helping us move forward with some expensive maintenance and repair projects. The most recent being two projects being completed at the time of writing, the replacement of the blown compressor in one of the three rooftop electric heat pumps supplying wall A/C units in the front part of the Centre (>$9,000) and the structural redesign of the front office and access to the service counters (<$12,000).
The Endowment Fund had a balance of 16,959.41 as of January 1st, 2024. As of January 1st, 2025, it had grown to $26,465.27. At the initiation of the fund an anonymous donor through the Sunshine Coast foundation, pledged matching funds of $1,000 per $10,000 raised in the first year to a maximum donation of $10,000. Unfortunately, only $15,500 was donated in the year. However, the donor rather than giving the calculated $1,550 generously donated $5,000. Also, the Board of the Sunshine Coast Foundation has approved and sent us a $874 grant distribution based upon interest earned from the endowment in 2025, the first year of eligibility for the fund. Moving forward there will be a yearly interest-based grant distribution which is paid into our general bank account to be used for any purpose.
Thanks again to all our donors as we continue to make the Centre the best it can be for our members and ensure its long-term future.