FOUNDATIONX is envisaged as a community fund for community initiatives. That is to support initiatives that 'governments' and other agencies are unable, unwilling or simply disinclined to support an initiative outside its aegis.
In the main FOUNDATIONX sees its purpose for being as working with coalitions-of-the-willing, and others, towards achieving sustainable and environmentally friendly outcomes.
That is initiatives that hold the promise of delivering cultural landscaping that enhances places and spaces for Communities of Ownership and Interest.
FOUNDATIONX is envisaged as a not-for-profit 'charitable operation' and ultimately to operate as a company limited by guarantee. The Foundation's 'income' will come in the form of subscriptions, cash donations, bequests, dividends, interest earned, and in-kind support in all the forms that might take.
Why FOUNDATION ... its the word that denotes whatever it is that sound things are built upon
Why X ... X = whatever matters now & RED because it will be READ
PURPOSE
To establish a standalone not-for-profit Trust Fund purposed to fund and/or support sustainability focused projects that:
- Supplements cash and in-kind funding/support provided garnered by project initiators; and
- Provides start-up project funding for projects that are unlikely win such funding from other spourrces; and
- Builds a pool of investment funds that can be drawn upon judiciously to support projects initiated in the wider community; and
- That over time the foundation develops a network of networks where individual participants may enter the network at any, point at any time, and by various means.
At the beginning of every new venture it is often said,
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iI is now and it is ever likely to be a
FOUNDATIONX envisages that it's PILOTproject will be TASWEGIAN BAMBOO and that this project will set the parameters for projects that follow on from it and inform them.
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