The Rescue Fund is a charitable investment scheme operated by The Surf Life Saving Foundation.
Why was the Fund created?
The Fund has two components: the Perpetuity component which includes funds held in trust by the Foundation in accordance with the terms of the Trust Deed of the Foundation Perpetuity Trust, and the withdrawable component which includes funds directly invested by Surf Life Saving entities.
All of the monies in the Fund are pooled within three investment options (short-term, medium-term and long-term), all with their own distinct investment allocations. By pooling funds into these three investment options, the Fund is able to utilise large scale and specialised investment resources that would not otherwise be available to Surf Life Saving entities to maximise their net investment returns. The costs of administering the Fund are borne by the Foundation; the Foundation does not charge or retain any fees from the Fund.
More about the Investment Committee
In exercising its responsibilities as operator of the Surf Life Saving Rescue Fund and Trustee of the Foundation Perpetuity Trust, the Surf Life Saving Foundation has a strong focus on governance. The Foundation Board has established an independent Investment Committee whose role is to provide oversight and strategic advice on the effective investment of the Fund.
The Investment Committee meets regularly and reviews the effectiveness of the Fund’s investment performance, market risks and opportunities, and advises on investment policy.
Ed Prendergast - Chairman, BEcon, GradDipAppFin -Investment Committee
You can contact Surf Life Saving WA via: https://www.mybeach.com.au/support-us
PO Box 700
Balcatta WA 6914
Tel: 08 9207 6666