The Hewison Foundation is a standalone, not-for-profit, Public Ancillary Fund (PAF) governed by Hewison Directors; John Hewison, Andrew Hewison, and Chris Morcom. It will be managed according to an agreed investment asset allocation covering a balance of growth and income investments; to provide a sustainable, long term approach to philanthropic giving.
Hewison Private Wealth has set an ambitious 15-year target to gift a minimum of $100,000 annually, with milestones at the four and eight-year mark, expecting to have $500,000 in the Corpus at four years, and $1 million within eight years.
“We expect the Hewison Foundation will provide a valuable opportunity for Hewison stakeholders, staff, clients to give back to those less fortunate and disadvantaged, via donation of their time or money,” said Mr Hewison.
Mark Rantall, Chief Executive Officer at the Financial Planning Association (FPA) has commended Hewison Private Wealth for continuing to improve the reputation of the financial planning profession through upholding the values of the FPA.
“The launch of the Hewison Foundation is a brilliant example of the generosity of financial advisers within our industry, and their clients,” said Mr Rantall.
“This is a positive step in the right direction to restore community trust in financial advisers, while at the same time benefiting the disadvantaged.”