UCA Funds first and only faith-based NFP to become responsible entity
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Ethical and responsible financial sustainability are at the core of the newly released annual report from UCA Funds Management.
The report states that the last year saw UCA Funds Management become the first (and only) not-for-profit, faith-based organisation to become a responsible entity.
“Becoming a responsible entity is a proud moment for UCA Funds Management. This enables us to provide the same level of compliance for our investors as any commercial fund manager – a great achievement for a social enterprise,” said Michael Walsh, UCA Funds Management’s CEO.
Finishing the year with $990 million funds under management, UCA Funds Management gave a grant of $3.19 million to support community services, advocacy and mission-based activities. Granted from operating surplus, the annual grant will support community programs and services coordinated by the Uniting Church in Australia.
Walsh said that as well as providing a clear overview of UCA Funds Management’s financial and sustainability impact for the year, the annual report provides excellent stories of investors’ work in action.
“We get excited seeing how we are helping organisations with their mission. I love hearing about investors’ journeys. That’s why we include investor profiles in our report such as the Tasmanian living facility for young people with disabilities or the story of Aussie Hands, a support group for people with hand differences. These partnerships matter,” said Walsh.
