THE HACKETT FOUNDATION 2 0 0 7 ANNUAL REPORT “ A world class university journey of discovery featuring the state’s finest heritage buildings on a campus acknowledged as the most beautiful in Australia.” international excellence F ore W ord The University of Western Australia was established The University’s Hackett Foundation was created in in 1911 through the foresight and determination of 1998 to continue and promote this wonderful tradition community, business and industry leaders who saw of philanthropy. With the support of the Office of the need to develop intellectual and creative resources Development, the Foundation embraces the University’s for our state’s rapidly expanding economy. campaigns and appeals, effectively overseeing all fundraising efforts across the campus. Since then, great That vision has been reinforced and realised through success has been achieved, and the Hackett Foundation the generosity of succeeding generations, and the has raised more than $105 million, with $47.9 million University has grown to the institution it is today through receipted and over $57.4 million written in pledges many bequests and gifts, the most significant from our and bequests. founding father and first Chancellor, Sir John Winthrop Hackett. Sir John’s bequest of £425,000 financed On behalf of the Hackett Foundation Patrons and the University’s fine historic buildings and capital The University of Western Australia I extend my thanks endowments. to all our volunteers, benefactors, alumni and friends who continue to support the important work of our University. Over the years, many more bequests and gifts, both large and small, have funded our extensive cultural and sporting facilities and most importantly, established hundreds more endowments which will fund academic positions, research, scholarships and prizes in perpetuity. Sir Rod Eddington Chairman I ntroduction Since its inception the Hackett Foundation has sought partnerships in funding for an ongoing portfolio of projects including: endowed chairs to ensure continued academic leadership; research in the sciences and humanities; construction of modern state-of-the art teaching and research facilities; financial aid for students such as undergraduate and postgraduate scholarships, grants, bursaries and prizes; and cultural and sporting facilities. The collective success of the partnerships between the Hackett Foundation and more than 7390 donors (individuals and organizations) are reported in the pages that follow. Hackett Foundation Financial Year Total Receipted New Pledges Written 01/2007 - 07/2007 $4,712,664.70 $2,294,572.60 01/2006 - 12/2006 $11,538,996.84 $8,188,440.00 01/2005 - 12/2005 $6,646,189.21 *$25,699,329.31 01/2004 - 12/2004 $3,606,122.93 $4,853,121.34 01/2003 - 12/2003 $4,336,068.23 $7,314,778.16 01/2002 - 12/2002 $5,449,247.38 **$25,534,099.72 01/2001 - 12/2001 $5,016,543.63 $4,423,865.00 01/2000 - 12/2000 $2,773,929.70 $195,616.00 01/1999 - 12/1999 $3,768,568.11 $3,052,795.00 01/1998 - 12/1998 $10,675.00 $0.00 TOTAL $47,859,005.73 $81,556,617.13 As at 31/07/2007 Outstanding Pledge Balance: $57,393,825.57 Total Number of Gifts 19810 Total Number of Donors 7394 * includes Cassamarca Foundation Pledge of $19 million ** includes $16 million in bequests and $3 million Cassamarca Pledge Financial data correct @ 31 July 2007 T he A nnual A lu M ni G ift In 2001 the Hackett Foundation launched its inaugural Donations to the Annual Alumni Gift Appeal are directed annual appeal to the graduates of the University. Also in accordance with individual donor’s preferences to known as the Chancellor’s appeal, a total of $ 1.095 various projects: predominantly the Hackett Foundation million over six years has been committed ($944,431 Scholarships Fund; the Cultural Heritage Fund (Berndt receipted and $150,424 outstanding in future pledges). Museum and McGillivray Organ Restoration Funds) In addition appeals to the Medical and Dental graduates and an Unrestricted Fund for areas of greatest need. raised a further $680,000. Total Received Outstanding Pledges Total Committed Hackett Foundation Scholarships Fund $511,935.06 $87,203.14 $599,138.20 UWA Annual Alumni Appeal $252,607.73 $33,731.44 $286,339.17 UWA Cultural Heritage Special Projects $102,756.65 $8,475.00 $111,231.65 UWA Unrestricted Fund $46,992.00 $15,745.00 $62,737.00 McGillivray Organ Restoration Fund $4,920.00 $1,650.00 $6,570.00 Other Funds $25,220.00 $3,620.00 $28,840.00 TOTAL $944,431.44 $150,424.58 $1,094,856.02 Financial data correct @ 31 July 2007 This appeal has enabled the establishment of the Hackett Foundation Alumni Honours Scholarship Program. The inaugural ten Honours scholarships from this program were awarded in 2007 to a recipient in each of the nine Faculties and one in the School of Indigenous Studies. The value of each of these annual scholarships is $6000. C A P I T A L C A M PAIGNS UWA Business School Capital Campaign Tomorrow Starts Here The response and high level “ commitment from prominent Inspired with the vision to make the UWA Business UWA graduates has been School one of the most influential business education outstanding. institutions across Asia and Australia, the Hackett ” Foundation embarked on its first capital campaign in 2004. Some organisations have taken advantage of corporate sponsorship opportunities including naming rights of: The Campaign is fundraising for the Business School’s spaces in the proposed new building; scholarships; new $45 million, three-storey building, currently under events and collaborative partnerships. Most recently the construction which will be completed mid 2008, and a Federal Government announced a $3 million contribution Futures Fund designed to: attract and support high profile through its CDP program. academics and high quality students who are potential future leaders; forge strong links with the business community and undertake cutting edge research. The response and high level commitment from prominent UWA graduates has been outstanding, and the Campaign has secured major gifts from key alumni and the State’s largest and best known corporations. As of the date of this publication it has raised eighty per cent of the ambitious total campaign goal of $25 million. Total Received Outstanding Pledges Total Committed UWA Business School – GSM Fund $1,602,747 $0 $1,602,747 UWA Business School – E&C Fund $800,000 $0 $800,000 Business School Futures Fund – Sponsorship $169,091 $612,500 $781,591 Business School Futures Fund – Donations $1,198,239 $11,222,050 $12,420,289 Business School Building – Sponsorship $40,000 $412,500 $452,500 Business School Building – Donations $770,778 $849,950 $1,620,728 Hackett Leadership Fund $250,000 $0 $250,000 TOTAL $4,830,855 $13,097,000 $17,927,855 Note: The above figures do not include gifts of $3 million that remain subject to final negotiation and contract 31 July 2007 B erndt Museu M – Aboriginal Art and Culture at UWA Currently housed in a small basement in the Social Many UWA Alumni have already pledged their support Sciences Building at the University is one of the finest via gifts to the Cultural Heritage Fund through the Annual collections of Aboriginal art in the world. Due to Alumni Gift Appeal. The Campaign is in full swing now restrictions in size and space, less than 1% of the total that the site has been finalised alongside the University’s collection can be put on display. existing Lawrence Wilson Art Gallery. As with the Business School Campaign, this campaign’s fundraising strategy has two key objectives: the construction of a suitable building which will provide The fund will ensure the Berndt a world-class venue to celebrate the indigenous cultures “ that define Australia and the establishment of a resource Museum can expand its existing endowment fund to attract and maintain programming collections and build on its and resources commensurate with a museum of collaborations with regional international standing. The fund will ensure the Berndt Museum can expand its existing collections and build on Aboriginal communities. its collaborations with regional Aboriginal communities. ” Total Received Outstanding Pledges Total Committed Cultural Heritage Special Projects Fund $108,524 $9,140 $117,664 Berndt Museum Resource Fund $150 $450 $600 Berndt Museum Project (Bequest) $441,049 $1,560,976 $2,002,025 Berndt Museum Building Fund $200 $450 $650 TOTAL $549,923 $1,571,016 $2,120,939 Financial data correct @ 31 July 2007 T he C assa M arca F oundation A ustralia P ro J ect An international partnership in perpetuity The Office of Development is the administrative centre Building on the success and to ensure the future of their for the extraordinary gift from Italy’s Cassamarca ‘Australia Project’ the Cassamarca Foundation then Foundation which was sourced and negotiated by UWA’s entered into a contract with UWA to pay thirteen annual Associate Professor Loretta Baldassar. This gift fully instalments (commencing in 2005) of 900,000 Euro each, funded the salary costs of eleven lectureships and several to build a fund to meet 50% of the salary costs of all scholarships in Italian language and culture at eight existing Cassamarca academic positions in perpetuity. Australian Universities for a period of six years from 2001. Three of these perpetual positions will remain at UWA. Two of these positions are at UWA. A further gift was received to fund the appointment at UWA of an Associate Professor of Latin Humanism, in Classics, for five years. Total Received Outstanding Pledges Total Committed Cassamarca Foundation Capital Fund $2,916,292 $16,225,000 $19,141,292 Classics – Associate Professorship $705,755 $0 $705,755 Cassamarca Lectureships $5,439,546 $0 $5,439,546 Committee Fund – Miscellaneous $170,000 $0 $170,000 TOTAL $9,231,593 $16,225,000 $25,456,593 Financial data correct @ 31 July 2007 This international partnership is responsible for Italian studies being the only Australian university language studies to have experienced growth over the past decade.