The UQRFC Foundation was established in 1994, when the Club was in a perilous financial situation to provide UQRFC long term financial stability.
Fast forward to 2020 and never has that investment been more critical – with events revenue having collapsed, an uncertain playing calendar and sponsors under pressure.
Chaired by Bruce Brown and overseen by a Board of Trustees, The Foundation manages what is a Perpetual Fund. Click here for a list of the Trustees.
Contributions are invested with a long-term view with an objective of delivering 4% (average) annual distributions. Distributions and the education element (via UQ) are requirements for tax deductibility of donations made to the Foundation.
To provide some context of our finances, historically financial contributions from Rugby Australia (RA) were made to Premier Rugby Clubs to support coaching, development and management.
This ceased long ago with funding now flowing the other direction via a component of player Registrations diverted to both RA and the QRU.
Clubs now generate income themselves to employ staff and deliver rugby services.
Our primary sources of revenue are events, sponsorship, registrations and the Foundation’s contribution.
Every cent we generate flows directly to rugby services – to our twelve senior 15’s teams, elite Women’s 7’s Program, men’s and women’s 7s, Junior affiliates and Junior Heavies, international and domestic tours, inclusive rugby Program, Academy, coaching and development.
We have further ambitions including employing Development Officer’s in the Western suburbs to drive participation, bi-annual overseas tours, growing international networks (for example with Tokyo’s Toyo University last year), mental health support and others.
The Foundation is critical for our ability to deliver these services.
The contributions of founding members was both visionary and selfless. However, we now need to diversify and grow if we are to remain a leading rugby institution in Australia.
We have formed a cross-generational sub-committee to drive engagement and develop awareness of the great and essential contribution the Foundation makes – and to raise funds.
Contributions are 100% tax deductible. The Fund is managed by a very highly credentialed Board of Trustees and audited annually. Investment decisions are made with a long-term view.
The Club has committed to four major objectives: Elite performance (premierships and developing representative players); women’s rugby & inclusiveness; juniors and international connectivity.
We are energized by the goal of ensuring the next 110 years for UQRFC are as fulfilling and successful as our first 110 years and hope for your support in achieving our shared objective.