Our Board & Governance
The Foundation was established in 1965 under a Deed of Trust. It operates under the Associations Incorporation Act 2009 and has Deductible Gift Recipient status under the Income Tax Assessment Act 1997.
The Foundation is managed by a Board of up to ten directors – a mix of city and country people including farmers, school leaders, finance managers and solicitors. The current directors are:
Richard Dougan - BA, CMC, FIMC, Cert IV & Dip Proj Mngmt. – Chairman
Richard Dougan who grew up in Bathurst NSW and attended Scots School Bathurst is Managing Director of the consulting company, Australian Strategic Planning Pty Limited and also of XSOL Australia, the distributor of New Zealand based XSOL Limited’s Business Process Management software. He worked with Coopers & Lybrand Services and Wang Laboratories before setting up ASP. He has co-authored a number of text books for the McGraw-Hill Publishers on office automation. Richard has had extensive experience and involvement with educational institutions including planning, governance, operations and fundraising activities including:
Northbridge Primary School; The Shore School; St Andrews College, Sydney University;
North Sydney Institute of TAFE; Riverina Institute of TAFE; NSW TAFE Commission;
NSW Department of Education; The King’s School; Tudor House.
His involvement at St Andrew’s College included Councillor and Chairman of the Business Committee and Chairman of the St Andrew’s College Foundation Inc. He is a Fellow of the Institute of Management Consultants and a Certified Management Consultant. Richard joined the Board in 2014 and elected Chairman in early 2015.
Gerald Naughton - BCA, FCA, SF Fin, GAICD – Vice-Chairman
Gerald was born in Wellington, New Zealand and graduated with a degree in Commerce and Administration from Victoria University. He commenced work at AMP Investments as a Share Analyst in 1977, and had a career with AMP spanning over 35 years. During his career he held positions as Manager of Research, Fixed Interest, Special Projects, Share Investments and Portfolio Investments in New Zealand before being transferred to Sydney in 1991 to manage the $20 billion AMP Life No1 Fund. At AMP Investments in Sydney he managed the AMP Life Portfolios, including Private Capital and Infrastructure Investments, as well as Special Capital Protection Strategies. His final role was as Investment Director, AMP Funds responsible for all AMP Life Assets managed by AMP Capital.
Gerald was also acting Chief Financial Officer for AMP Capital for six months in 2006. While at AMP, Gerald served on numerous Investment Committees, as well as on Boards of companies in which AMP held a major interest, including a hotel company and an aluminium smelter. After retiring in 2012, he remained on several Investment Committees and the Board of a Trustee Company, until 2017.
Outside of AMP Gerald qualified as a Chartered Accountant and was involved in the New Zealand Institute of Chartered Accountants as Branch Chair Sydney, and as Councillor for Australia on the Institute’s Board (2003-9). He was awarded a Fellowship in 2005.
Gerald is married with two children. His interests include Vexillology, History and Royalty.
Gerald was appointed to the Board in 2018.
John McRae – Treasurer BA, MComm, FCPA, FCA, AICD, JP
John has extensive experience in public accounting and the Australian retail sector. He has held senior management roles in publicly listed companies on the Australian Securities Exchange with a focus on general management and finance. His work experience has been gained in Australia, the UK and USA. John’s family come from Armidale where they continue to own grazing properties. He maintains a close association with residents in rural New South Wales and joined the Foundation Board in 2011.
Kerry Blight - BA DipEd, LltB, MEd
Kerry has had extensive experience in Education, Secondary Education, TAFE and at University level. She started teaching at Wauchope High School before working as a Teacher Education Advisor with the NSW Education Scholarship Scheme.
Kerry has worked for the Department of Education at State office by providing support and training to teachers, as well as developing educational material. At Educational Assessment Australia at UNSW she lead teams in developing literacy tests for use in Australia as well as overseas, and at the NSW Board of Studies, Kerry was involved in developing educational material for the ARC website. Recently Kerry has written educational modules for IDEA Digital Education. Kerry still does occasional work for New South Wales Education Standards Authority. Kerry joined the Foundation Board in 2019.
Jenetta Russell OAM - GAICD CCEO
Jenetta Russell is an experienced Director, Chair, and CEO, following a career of 35 years as Principal/CEO of an import/export agribusiness. This included commercialising a range of novel agricultural solutions, managing start-ups, complex foreign exchange, dealing with regulatory authorities and the challenges around owning/managing businesses. In 2012 Jenetta graduated from the Company Director’s Course at AICD and joined the BCEF board in 2014 where she chairs the Fundraising, Partnerships and Marketing Committee.
She currently has a portfolio of Non-Executive Directorships and consultancies for a range of For Profit and Not For Profit organisations, chairs a leadership forum and acts as a coach/mentor for a number of senior executives in a wide variety of industry sectors. Jenetta also acts as an Australasian Reporting Awards (www.arawards.com.au) panel adjudicator for Governance Awards (recognising excellence in governance for both corporates and NFPs).
Jenetta started working with charities at the age of 17, assisting Riding for the Disabled as it established itself in Australia. Since then she has been involved with the Primary Club of Australia, Abbotsleigh Old Girls Union, Jaycees, Rotary, St John’s Anglican Church, Cape Horners Association and the Australian Society of Marine Artists. She co-ordinated one of the Sydney Bicentenary events in 1988, a 4-day ‘Cape Horners’ Conference for those who crewed the original cargo-carrying tall ships, an industry that finished in 1949 – 500 attendees came from all over the world.
Jenetta is a published author and loves reading, gardening, cooking, sport, music and the arts.
Andrew Heaven - BA DipFP CFP JP
Andrew is a Certified Financial Planner and Co-Principal of WealthPartners Financial Solutions. He has extensive involvement with community based organisations supporting children. A former director and board member of the Financial Planning Association of Australia he joined the Foundation board in 2013.
The Hon. Duncan Gay
The Hon. Duncan Gay grew up in Crookwell, he was serving as the NSW Minister for Roads, Maritime and Freight from March 2011 to January 2017, Duncan played an instrumental role in helping to develop, manage and deliver the largest infrastructure investment and construction program in Australia.
He was directly responsible for the government agencies of Roads and Maritime Services, NSW Centre for Road Safety and Ports Authority of NSW and he shared joint responsibility of Transport for NSW.
Duncan’s ministry also designed and developed innovative regional funding programs such as Bridges for the Bush and Fixing Country Roads and Rail, not to mention major road safety initiatives like flashing lights in all school zones in NSW.
Since leaving Parliament in July 2017, Duncan was appointed Chairman of the National Heavy Vehicle Regulator in October 2018. In 2017, he joined the board of MU Group as an Advisory Board Member. MU Group provides business services for transport and infrastructure companies in both government and non-government sectors. Duncan is a director of Sir Earle Page Memorial Trust, ARC Asia Pacific Consortium and the NSW regional energy supplier Essential Energy as part of their reform process.
Rod Cowdroy – BBus
Rod is a director of various companies with interests in the property, funds management, tourism and equine industries. He has worked for corporations including Lend Lease, Commonwealth Bank and Colonial Funds Management involved with project management, property development and funds management roles. He established with others, Eureka Funds Management which provides funds management services to superannuation funds. Rod is the owner and manager of Tobruk Pastoral Company that provides a rural and outback cultural experience for tourists at Tobruk Sheep Station. Rod joined the Foundation Board in 2012.
The Board meets quarterly to manage the affairs of the Foundation and to assess applications for bursaries.
Bursaries are funded by income from invested capital and donations. The number of students assisted each year is governed by the income available.
Standing committees of the Board have responsibility for developing and implementing the investment strategy for the Foundation’s funds, for handling applications and for fund raising.
The Committees include:
Finance, Administration & Investments chaired by John McRae
Education, Scholarships & Bursaries chaired by Kerry Blight
Fundraising, Marketing & Partnerships chaired by Jenetta Russell
Please click on the link below to view the Strategic Plan:
From left to right:
John McRae, Gerald Naughton, Jenetta Russell, Richard Dougan, Kerry Blight, The Hon. Duncan Gay, Rod Cowdroy, Andrew Heaven