Social Impact Investment
VFFF aims to identify opportunities to make impact investments that achieve commercial returns and further social outcomes for our beneficiaries. Working with our investment manager Cambooya, VFFF seeks to have 5% of the corpus invested on an impact first basis by 30 June 2018.
In November 2015, VFFF approved its first impact investment, a property in Armidale for $570,000 plus on-costs to establish BackTrack‘s residential program, supporting young people having a tough time.
In March 2016, VFFF provided a loan of $2 million to Moore Theological College to assist in the redevelopment of the Newtown campus, that was officially opened in February 2017.
In 2017, VFFF approved its third impact investment. $750,000 was invested for equity in YUME Pty Ltd, an organisation that seeks to assist primary producers to achieve a return on produce that for a variety of reasons becomes surplus to needs.