BAPTIST FOUNDATION OF NSW LTD
Matthew Duggan, Nigel Glasby, Ronald Cardwell, Steve Bartlett, Directors
The purpose of Baptist Foundation of NSW Limited is to serve the Association of Baptist Churches in NSW and ACT, and any benevolent, religious, educational, or missionary institution associated with the Association, via the administration of various trusts accepted by the Foundation. The number of Trusts administered by the Company or for which the Company has responsibility is 35. The purpose, terms, conditions, and size of the various Trusts administered by the Foundation vary significantly with the total funds invested by the Foundation approximately $2.2 million. The Directors of the Company are Matthew Duggan, Nigel Glasby, Ronald Cardwell, and Steve Bartlett. The Foundation employs no staff and all investing, accounting, administration, and legal work is performed by the volunteer directors.
Membership of the Company is available to anyone who is a member of a Baptist Church affiliated with the Association of Baptist Churches in NSW and ACT, and who gives at least $50 by donation or subscription over a period of 4 years. Baptist churches who have given at least $250 by donation or subscription over not more than 5 years are eligible to nominate people to be members of the Foundation. Members of the Assembly Council of the Association of Baptist Churches in NSW and ACT are also eligible for membership without charge on application to the Company.