Boutique firm Stanford Brown has announced that assets held by its charitable foundation have gone beyond the $1 million mark, which will ensure annual grants worth at least $40,000.
According to a statement on the Stanford Brown website, the goal of the public ancillary fund is to reach at least $2.5 million worth of assets, as this will lead to $100,000 worth of annual charitable grants. The foundation has also raised a total off $127,000 worth of funds for the Children’s Medical Research Institute.
Stanford Brown also runs a pro bono financial advising service for families coping with cancer, in partnership with Cancer Council Australia.
“As a business that enjoys the support of the community, we have an obligation to put resources and effort back into the community,” said the statement.
The Stanford Brown Charitable Foundation’s Public Ancillary Fund is administered by Australian Philanthropy Services.
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