Aboriginal Education Council Finacial Reports
The AEC has been in existance since 1963.
It is has DGR status and is licenced to fund raise under NSW legislation.
In 2002 the AEC recieved three substantial bequests.
- The Patrick White Bequest which underpins the Patrick White Writing Competition
- The Margaret Ida Howie bequest which underpins the Margaret ida Howie Scholarship for Aboriginal women
- The Pat Bown Eklund Bequest which underpins many of our programs
The AEC is also a benificiary of the Norman Catts Trust and each year recieves funds that support the Innovative Programs Grants.
These funds are managed in such a way as to preserve the principle and utilise the interest, however the continuing drop in interest rates is having an impact and the AEC is now actively fundraising to suppliment the availbale funds to both continue and expand its programs.
The AEC assures all donors that the funds they contribute will not be used for administration or salaries and 100% of the donation will be applied to programs