Investments and Grants – An Historical Perspective

On her death in 1951, the late Helen Macpherson Schutt (née Smith) left a bequest of £275,000 for the establishment of a charitable trust in perpetuity to benefit all Victorians. The impact of this lasting legacy from Helen to the people of Victoria is exemplified in a summary of capital growth and grants over the now 64 years of HMSTrust’s operations.

Corpus Investment

The value of the corpus at 30 June 2015 was $104.5 million:

YEAR ENDED JUNE BOOK VALUE MARKET VALUE
$ 000’s $ 000’s
1952 550   –
1965 1,049
1975 3,270
1985 8,748
1995 23,388
2000 41,046 49,700
2005 64,792 78,189
2006 69,230 90,947
2007 76,828 108,645
2008 83,138 96,889
2009 82,033 76,640
2010 86,318 83,842
2011 84,162 89,516
2012 78,322  79,809
2013 81,867 89,966
2014 84,607 100,217
2015 88,117 104,535

Grants

Grants approved from the income earned on the corpus have been:

FIVE YEARS ENDED $ 000s
1960 98
1965 59
1970 93
1975 400
1980 1,324
1985 3,382
1990 6,917
1995 11,556
2000 9,883
2005 20,484
2010 30,389

 

YEARS ENDED $ 000s
2011 5,523
2012 5,536
2013 3,159
2014 6,131
2015 4,893
TOTAL GRANTS SINCE INCEPTION 109,827