Genesis and Objects of the Foundation
The death of Jan Pentland was a huge loss. Many, many people wanted to honour Jan’s memory in some way and continue her legacy. Setting up a Foundation is a tangible way to do this. The Foundation therefore focuses on financial counselling, the field to which Jan contributed so much in pursuit of the great passion of her life—the promotion of social justice for the disadvantaged.
The Foundation will be able to accept tax deductible donations. To qualify for this status, the Foundation must be a public fund established for charitable purposes, with the sole purpose of providing money for scholarships, bursaries or prizes.
Given Jan's life work, therefore, the Foundation provides financial assistance— the Jan Pentland Scholarship—to enable a person to study financial counselling or a related discipline. There is a specific focus on assisting a person who otherwise would not be able to undertake this study. The funding may also include costs such as professional supervision, travel or accommodation.
The Foundation is planned to be self-funding in perpetuity. The aim is to set aside a sufficient corpus such that the interest on that amount would be enough to fund the annual scholarships.
Announcement of the Award
The Jan Pentland Scholarship is awarded on an annual basis. The recipient is announced at a dinner coinciding with the annual conference of the Financial Counselling Australia.
Administrative support to the Foundation is provided by Financial Counselling Australia. Jan was on the Executive of FCA (then called the Australian Financial Counselling and Credit Reform Association), for over a decade, including ten years as chair.
The trust deed for the Jan Pentland Foundation
The constitution of Jan Pentland Limited
Pro Bono Support
King & Wood Mallesons provided pro bono legal advice to the Foundation in its set up phase. Deloitte provides pro bono audit and accountancy services. We are very grateful for the services of both organisations.