Equity Trustees has been appointed as investment manager and consultant for Bendigo Community Health Services (BCHS).
BCHS is a not-for-profit organisation working to provide communities throughout the Bendigo region with healthcare services for free or at minimal cost.< /p>
In addition to a network of GPs across four sites, BCHS also works in partnership with other health services across Central Victoria to cater to specialist needs, such as those living with chronic conditions including diabetes, respiratory issues and heart disease.
BCHS Board Chair Vicki Pearce said: “As a not-for-profit organisation who relies on funding and philanthropic opportunities to continue delivering the quality care our community deserves and has come to expect, it's essential that we utilise every dollar that comes our way.”
She added that investment and philanthropic opportunities were going to become crucial to BCHS as competition for funding becomes more competitive.
"We were encouraged by the positive and proactive response from Equity Trustees to our tender process and having an organisation on board that has a Bendigo base and a desire to help regional Victoria grow was very important to us.
"We now look forward to building a relationship with Equity Trustees and using their expertise to ensure all future investment and philanthropic opportunities are used to their full potential to ensure our services and care for the community can go to an even greater level."
Commenting on the partnership, Darren Thompson, Head of Asset Management, Equity Trustees said the group would provide BCHS with a range of services, including investment advice and strategy, investment management and philanthropic services.
“Equity Trustees is delighted to have been appointed to work with BCHS,” he said. “Our ability to offer ESG-focussed investment solutions, and our experience working with not-for-profit organisations made our proposition a sound fit with BCHS’s specialist needs.
“We recognise that BCHS must balance its funding sources prudently to ensure services can be maintained but can also grow to meet community needs. We aim to facilitate this through our investment strategy.”
Jodi Kennedy, General Manager, Charitable Trusts and Philanthropy, Equity Trustees said in addition to investment expertise, BCHS would also have access to a range of philanthropic expertise and services.
“Bendigo is a strong community and has a number of well-known local philanthropists from the past and as well as the present. We hope to work with BCHS to develop its approach to attracting philanthropic investment to support the important work it is doing to ensure a healthy, thriving region,” she said.
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Alicia Kokocinski
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03 8623 5396 / 0403 172 024
akokocinski@eqt.com.au
Equity Trustees was established in 1888 for the purpose of providing independent and impartial Trustee and Executor services to help families throughout Australia protect their wealth. As Australia’s leading specialist trustee company, we offer a diverse range of services to individuals, families and corporate clients including asset management, estate planning, philanthropic services and Responsible Entity (RE) services for external Fund Managers. Equity Trustees is the brand name of EQT Holdings Limited (ABN 22 607 797 615) and its subsidiary companies, publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane, Perth, London and Dublin. Philanthropy services are provided by Equity Trustees Wealth Services Limited (ABN 33 006 132 332) (AFSL 234528), part of the EQT group of companies.