Bank of Queensland shareholders have donated nearly $14,000 to help cure and care for sick children around Australia, through the Investing In Hope fundraising program.
By donating their interim and final dividends for 2005, a group of Bank of Queensland shareholders have raised $13,775 for the program.
Managing Director David Liddy said the Bank was delighted to see shareholders embracing Investing In Hope, particularly with such a worthy charity.
“I applaud our shareholders for choosing to get involved with Investing In Hope,” Mr Liddy said.
“By donating their cash dividend, they are directly helping cure and care for sick children,” he said.
“The funds directed to Investing In Hope go to Children’s Hospitals Australia, an innovative partnership consisting of five uniquely child-focused foundations that support leading paediatric hospitals.”
“Bank of Queensland’s initiative and the shareholders generosity in getting behind this program is admirable” said Noel Whittaker, Investing In Hope Ambassador and joint Managing Director, Whittaker Macnaught Pty Ltd.
“Investing in our kids’ health is crucial to total community well-being. If we can do it simply and tax-effectively, with the decision to donate remaining in the hands of the shareholders, it’s a win-win situation.”
“Children’s Hospital Australia drives medical research programs that aim to find breakthrough treatments and cures for sick and terminally ill children. That’s expensive work and the money donated by the Bank of Queensland shareholders will make a difference. I'd like to encourage more shareholders and corporations to reap the positive effects for the company, shareholders and our kids by getting involved in this ground-breaking corporate giving program.”
The shareholder’s donations are tax deductible and they receive a dividend imputation credit to offset tax on other income, depending on personal circumstances.
Bank of Queensland has developed a strong relationship with both Children’s Hospitals Australia and the Royal Children’s Hospital Foundation in Queensland, and helped raise more than half a million dollars for the Hospital as major sponsor of the B105 Christmas Appeal.
Bank of Queensland was also the first listed company in Australia to support Investing In Hope.