16 October 2014: Community 21 this week announced its first application under its current share offering had come from existing shareholder Able Australia.
“Able Australia have seen their way clear to invest a substantial sum at a time when the government funding system is undergoing big changes”.
“We’re thrilled and grateful to have received this vote of confidence from one of our existing shareholders. This demonstrates the high value they have placed in their partnership with us over the years,” said Executive Director Peter Quarmby.
Founded in 2001, Community 21 is a consortium of not-for-profit organisations and one of Australia’s most successful social businesses. It is dedicated to improving financial products and services for Australian not-for-profit organisations and their work.
Community 21 launched their community Share Offer in August 2014 and is currently seeking not-for-profit organisations to invest. The offer is for a limited time and only open to Australian not-for-profit organisations.
Able Australia is one of Australia’s leading not-for-profit organisations, delivering high quality, person-centred services to people living with multiple disabilities, including deafblindness and in community support services. From its humble beginnings as the Victorian Deafblind and Rubella Children’s Association in 1967, Able Australia has grown into a diverse and dynamic organisation that supports more than 4000 people throughout the Australian Capital Territory, Tasmania, Queensland and Victoria.
“If we are to continue providing a better life experience to people in ourcommunity, we need a strong Not-For-Profit sector that is capable of meeting every individual need,” said Able Australia CEO, Kaye Collard.
“We are always looking for initiatives that contribute to the sector.We are confident organisations like Community 21 have a significant role to play in meeting that goal.”
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