Royal Society of Tasmania Foundation

Overview

In the mid-1990s the Council of The Royal Society of Tasmania established a Foundation in order that the Society had a reserve fund to meet unforeseen future needs.

The Council sought the energy and wide experience of a long-time member in Mr Ron Banks AM and other Society members to set up the Foundation, process the legal matters and begin the Foundation in a sound professional manner, including obtaining the Society’s endorsement as a Deductible Gift Recipient under the Income Tax Assessment Act 1936. Ron and the members took to the task with enthusiasm, gathered a small group into a committee and initially set a goal of accumulating about $100,000 in initial capital.

Over time, the Foundation has successfully accumulated funds such that the fund balance now amounts to some $500,000. That amount includes a significant contribution from the Tasmanian Branch of the ANZAAS organisation which ceased operations but had funds that, by law, needed to be transferred to a responsible and like-minded organisation. The Royal Society of Tasmania accepted responsibility for these funds and immediately entrusted them to the Foundation. These “ANZAAS” funds are clearly earmarked within the financial structure of the Foundation. There is an understanding that the ANZAAS funds are best used when supporting youth activities, such as science schools or similar.

View below our current committee of the Foundation and here for the rules governing the operation of the Foundation (Schedule 2 of the Rules of the Royal Society of Tasmania).

The RST Foundation Committee

The RST Foundation Committee oversees the Royal Society of Tasmania Foundation, which manages the Society’s endowment fund. Its purpose is to secure long-term financial sustainability through donations, bequests, and investment income. The committee ensures responsible stewardship of funds to support RST’s core activities—lectures, awards, publications, and student support—preserving the Society’s legacy and impact for future generations.

Mr Neil MacKinnon

Chair

Tony Culberg OAM

Tony Culberg OAM

Member

Dr John Thorne AM

Dr John Thorne AM

Member

Dr-Sonia-Shimeld

Dr Sonia Shimeld

Member

Dr-Don-Garden-OAM

Dr Don Garden OAM

Member

Acknowledgement of Country

The Royal Society of Tasmania acknowledges, with deep respect, the traditional owners of this land, and the ongoing custodianship of the Aboriginal people of Tasmania. The Society pays respect to Elders past, present and emerging. We acknowledge that Tasmanian Aboriginal Peoples have survived severe and unjust impacts resulting from invasion and dispossession of their Country. As an institution dedicated to the advancement of knowledge, the Royal Society of Tasmania recognises Aboriginal cultural knowledge and practices and seeks to respect and honour these traditions and the deep understanding they represent.

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On 15 February 2021, the Royal Society of Tasmania offered a formal Apology to the Tasmanian Aboriginal people. Read more