Fundraising

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The Property Industry Foundation (PIF) is set to raise some $600,000 this month from two of its core fundraising events which will be channelled into programs for at risk and homeless youth, including the Foundation’s own PIF House initiative.
The Middle Harbour Yacht Club recently hosted the Yachting Regatta in Sydney on 11 March, 2016.  
This week, the Foundation will hold its Sailing Challenge at the Royal Brighton Yacht Club with around 40 yachts expected to participate. The Property Industry Foundation (PIF)’s annual Charity Sailing Challenge will be held on Friday 18 March to raise funds to support homeless and at risk young people in Victoria.
Sponsored by Brookfield, the Charity Sailing Challenge was held at the Royal Brighton Yacht Club with a Jamaican themed after-party featuring live entertainment.
Special guest skippers on the day will include America’s Cup Skipper John Bertrand AM and fellow Sailor and Rio Olympics Gold Medal hopeful, Lisa Darmanin.
Around 40 registrations have been received with high-profile participants including APN Group, Brookfield, Brookfield Multiplex, Cedar Wood Properties, Charter Hall, Colliers International, Dennis Family Corp, EY, Frasers Property Australia, Hacer Group, Hayball, Investa, ISPT, Knight Frank, Macquarie Capital, Mirvac, Napier &amp; Blakeley, Probuild Quintessential Equity, Urbis and Vicinity Centres.
“It provides the industry with the opportunity to engage, network and have some fun whilst making a significant impact into the lives of at risk youth,” said Daryl Browning, chairman of PIF Victoria.
Funds raised will be channelled into programs for homeless and disadvantaged youth, including PIF’s own PIF House initiative.
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Sailing towards a brighter future

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ASIC has accepted an enforceable undertaking (EU) from Barakah Properties Pty Ltd (Barakah) arising from ASIC's concerns as to how the company raised money to build a school in Melbourne.
Since 2009 Barakah has raised money from the local community for investment in the Al Siraat College, an Islamic school in Epping, Victoria.
In December 2015, ASIC made enquiries regarding the company’s fundraising, its structure, and the nature of the information that it had provided to potential investors.
ASIC’s enquires indicated, among other things, that:
<ul>
<li>Barakah had obtained funds without providing investors with the necessary disclosure, and had exceeded the maximum number of shareholders for a private company.</li>
<li>The company’s representatives had made recommendations to potential investors that may have amounted to providing financial advice without a license to give that advice.</li>
<li>The company had bought back its own shares without following the necessary share buy-back procedures.</li>
</ul>
After ASIC raised these concerns with Barakah, the company offered, and ASIC accepted, an EU in which Barakah agreed:
<ul>
<li>not to offer securities without providing the necessary disclosure to potential investors.</li>
<li>not to purchase its own shares without following the correct procedures</li>
<li>to remove from its website any advertising of securities that required disclosure to investors</li>
<li>that it and/or its representatives would not provide financial advice in the future without first obtaining a licence or authorisation.</li>
<li>to take the necessary steps to convert from a private company to a public one</li>
<li>write to all current investors alerting them to the EU and its terms.</li>
</ul>
'Companies seeking to raise funds from the public must comply with the disclosure provisions of the Corporations Act,' ASIC Commissioner John Price said.  'For certain types of companies there are required procedures and information that must be disclosed under the law. Also, If you have any doubts you should obtain appropriate legal guidance. The EU with Barakah shows what can happen if companies do not adhere to these requirements.'
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ASIC accepts enforceable undertaking from Barakah Properties Pty Ltd

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CBRE staff from 22 offices across Asia Pacific will take part in the ninth annual Walk for a Wish event – the firm’s flagship charity fundraiser. 
Some 2,500 CBRE employees will walk 10 kilometres in their respective cities tomorrow, on Friday, November 16, to raise funds for various charitable organisations. 
Sponsored by Commercial Real Estate, this year’s Pacific event aims to raise $200,000, which will mark $2 million raised for charitable causes in just nine years.
Following the success of last year’s event, which saw Pacific employees raise an outstanding AU$290,000, staff will again be given the opportunity to support a cause of their choice.
CBRE’s President &amp; CEO, Australia &amp; New Zealand, Ray Pittman commented on the firm’s flagship charity event: “Year after year, the CBRE community rallies together and digs deep to support charities and organisations that are making positive change and helping people and our communities thrive.”
“We were overwhelmed by the outstanding efforts of last year’s event – our second highest fundraising total to date – and the generosity displayed by our employees, their families and friends and our key clients. We look forward to building on the success of last year’s event and hitting the $200k target for our ninth Walk for a Wish.” 
Since the event’s inception in 2010, CBRE’s Walk for a Wish event has raised over $AU1.8 million in the Asia Pacific region. 
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CBRE will Walk for a Wish this Friday

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The Vinnies CEO Sleepout held each year across the country has raised $7 million in vital funds for the St Vincent de Paul Society's on the ground services.
The event was <a href="https://www.ceosleepout.org.au" target="_blank">held overnight</a>, with the $7 million tally being exceeded by late morning today.
It will go higher as Geelong and Perth will hold their sleep out on Thursday 27 June 2019.
Sydney raised $1.9 million, but the top fund raiser was BankSA Adelaide CEO Nick Reade, who has raised $206,130 so far.
He's followed by Vedran Drakulic, boss of Gandel Philanthropy in Melbourne ($179,198) and ERM Power CEO Jon Stretch from Brisbane ($106,297).
Shayne Elliott at the ANZ raised $43,000 in his first sleep out.
There were many property industry participants too.
Crown Resorts chief executive Barry Felstead raised $59,434, David Hyman, boss of home loan lender Lendi, raised $25,222 and Nathan Casserly, who heads up Ouwens Casserly Real Estate, raised $20,357.
Michele Adair, the CEO at The Housing Trust, slept out at Wollongong.
Genworth Mortgage Insurance Australia CEO Georgette Nicholas, who is shortly returning to the US after five years in Sydney, raise $25,000.
Hotelier Jerry Schwartz raised a record $26,000, on his 10th sleep out, with donations coming from his Crowne Hunter Valley staff.
Laing O'Rourke's Jeremy Matterson raised $11,781, noted his first sleep out had been prompted after seeing homelessness around Sydney's Central Station where he is working on delivering the new Sydney Metro.
Estate agents included Sam Abboud at Woodards Ascot Vale who secured a donation from the Woodards Foundation.
In Sydney R&amp;W Mosman agent Geoff Grist raised $6000 plus on his fifth sleep out, securing donations from other estate agents including Melbourne agent James Tostevin.
The $7 million in total raised equates 619,819 beds being provided, nearly 1.6 million meals and nearly two million individual support programs.
The sleep out is sponsored by The Australian and Sky News, as its national partners.
 
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