Financial History and Audits

EGFA was registered as an overseas aid organisation with AUSAID on 26 September 2008.

EGFA then applied for DGR (Deductible Gift Recipient) status.  This was granted - after four drafts, four kg of documents per draft, and $75,000 of pro bono legal assistance - on 25 July 2012 when the Assistant Treasurer published a notice in the Government Gazette approving EGFA’s Overseas Aid fund for DGR status.

EGFA’s books of account have been audited and published every year since 2008-09.

 

Income

From 2008 to 2012 EGFA relied on two sources of income for all its project funding: profits from the sales of ‘Snow Leopard’ Goretex jackets, and donations from readers of Earth Garden magazine.

These two sources of income were enough for EGFA to fund six or so village solar projects each year, and to pay the annual running costs of the TEAM Nepal children’s home near Kathmandu.

After EGFA was granted DGR status in 2012, the funding mix began to change.  In late June 2013 EGFA received a large donation from the private philanthropic Fund established by Alan and Judith Gray in 2008.  At the same time, Snow Leopard jacket sales were starting to wane, and the number of Earth Garden readers paying annual membership fees also started to decline.

Gradually, since 2013, the annual donation from the Grays’ fund has become the major source of funding for EGFA.  Fortunately however, the changing mix did not reduce the funding for Nepal projects at all.

This has allowed EGFA to maintain its Nepal activities without interruption.  Since 2008 EGFA has funded 59 village projects, and funded the annual running costs of the TEAM Nepal children's home continuously for the past 13 years.

EGFA was also able to provide one-off funding and support to both the children's home and the Himalayan Light Foundation in the aftermath of the devastating May 2015 earthquakes.  EGFA has also been able to provide emergency support to HLF staff left jobless during the Covid pandemic in 2020.

Expenses

When EGFA began, all administration expenses were paid for by Earth Garden magazine, the family publishing business owned by Judith and Alan Gray.  As the magazine industry has declined in recent years, it has become harder and harder for the Grays to cover all accounting, admin, marketing costs and government fees.  Staff wages alone became difficult to cover. 

So in the past few years the Grays’ own philanthropic Fund has made an extra donation to EGFA to cover all of these costs.  This maintains the 13 year pattern of any donations to EGFA being used for project funding and not admin costs.  So any donor can be assured their money will go straight to Nepal. 

Or, since Bush Money Mob began - straight to financial counselling services for remote Indigenous people, depending on the donor’s wishes.

Recent years’ audit documents and financial statements are downloadable HERE.