Adelaide Bank Charitable Foundation
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Adelaide Bank has been part of the South Australian community for over 100 years and it has always been a priority of the Bank to support the local community.
The Charitable Foundation was established in 1981. Each year the Bank donates a percentage of its profits to the Charitable Foundation after tax and dividend payments. The Bank also covers all salary and administration costs.
The Charitable Foundation raises additional funds from staff, corporate supporters, individual donors and by staging fundraising events and activities.
Since its inception, the Charitable Foundation has distributed over 5 million dollars to more than 350 charity and community groups for programs in South Australia.
Sources
- Adelaide Bank Charitable Foundation website (accessed August 2007)
- 2003-04 Annual Report
