KU Annual Report KU Annual Report 2018 | Page 18

ANNUAL REPORT 2018 S O C I A L P O LI CY A N D I NVE STM E NT KU Marcia Burgess Foundation: increasing our impact Inspired by KU’s social impact? KU 20 18 You too can invest in our future programs. Find out how at ku.com.au Almost 125 years ago, KU was born of a visionary idea to establish the nation’s first free kindergarten, brought to fruition through the efforts of volunteers and the generosity of donors and philanthropists. Specifically intended to provide some of Sydney’s poorest children with access to early education, so began the commitment to social justice that is now embedded in KU’s DNA. Whilst most people are familiar with KU’s mainstream preschool and childcare services, many may not realise that in 2018 KU delivered more than $48m in social impact and inclusion programs, many of which are supported by Government funding, grants, and co-contributions from families. KU’s own investment in social impact programs rose substantially from $1.5m in the prior year, to more than $1.75m in 2018. This supported critical projects such as the continued operation of centres in areas of significant social disadvantage. Without KU’s investment, these services would 12 simply not be viable to operate, leaving the most vulnerable children without access to high quality early education. As KU grows, so does our appetite and capacity for increasing our social impact. One of the greatest opportunities to increase KU’s ability to deliver better outcomes for our most vulnerable children and families, lies in the KU Marcia Burgess Foundation. Named for one of KU’s own trail-blazing luminaries of social inclusion and child wellbeing, the late Marcia Burgess, KU’s charitable Foundation provides people and organisations who share our vision a tax effective mechanism to help KU deliver services to those most in need. Since its establishment, the Foundation has funded some important projects, and over the past year, we have been quietly increasing our focus on the Foundation, working to fully leverage the potential we believe the Foundation offers.