Queen of Hearts Foundation closure final
A proposal to continue Penrith-based child sexual abuse and domestic violence support service the Queen of Hearts Foundation under a revised business plan has been declined by the board.
The final decision was made “with heavy hearts’’ by the four-member board at a meeting on Tuesday [November 27].
It follows an approach to operate the charity service under a revised business plan with a new CEO after the notice to Queen of Hearts Foundation members in October of the board’s intention to wind up the charity.
Last month it was reported that the foundation established in 2014 had become increasingly financially unsustainable.
A planned restructure from a service orientated not-for-profit charity run almost entirely on community donations to a pre-funded program model with timeframes and monitored outcomes could not be successfully implemented by a board of volunteers, all of whom were small business owners in the Penrith community.
Despite the generosity of the Penrith community, the growing number of charity organisations in the area had broadened the giving pool, meaning less available funds for each worthy cause.
The proposed revised business plan was seriously considered by the board and discussions held with Penrith Council.
However, a board spokesperson said it relied on community funding and grant success as well as charging for counselling services.
“Whilst considerable effort would be required to continually fundraise to meet the financial obligations set forth in the proposals, a fee for service model is not in line with the stated mission of the Queen of Hearts Community Foundation.
“Unfortunately, given the parameters of the current economic climate, the inability to rely solely on fundraising and the generous donations from our community and the chance of being successful with any grant applications, the board did not feel that the proposed plan would ensure long-term success of the foundation.’’
The proposal was discussed at length at a November 15 meeting, which was adjourned until this past Tuesday [November 27] to allow further time for the proposal to be worked through.
“Given the experience of the board and the member in attendance, we did not believe it would be a viable long-term solution given the struggle it has been the past twelve months to fundraise funds.
“Should Queen of Hearts stay trading, we believe it would likely be in the same, if not worse, position than it is now in another twelve months’ time.
“On that basis, and with heavy hearts, the board resolved to place the Queen of Hearts Foundation into the hands of a liquidator to wind up.’’
Surplus funds will be donated to the national Bravehearts Foundation and unfulfilled grants will be returned to their respective government agencies.
The Queen of Hearts Foundation board encouraged the Penrith community to continue to support similar organisations such as the Bravehearts Foundation, The Haven Nepean Women’s Shelter and Penrith Women’s Health Centre.