Why is the Foundation important to the TSO? It is a major financial challenge to ensure the TSO continues as a busy and successful orchestra. Earnings from a substantial endowment fund are key to supporting this vision.
What is the TSO Foundation Trust? It is a Trust formed in 2008 to build and manage an endowment fund of at least $20 million, with fund earnings to support the future financial security of the TSO.
What funds does the Trust currently have? For some years the Trust will continue in the building phase. Currently the Trust has around $1 Million in funds.
How is the Trust structured? The Trust has a corporate trustee, the TSO Foundation Ltd, which looks after the Trust funds.
How is the Trust managed? The Trust is managed by an independent board of honorary directors, supported by a Board audit and risk committee. The Trust and the Foundation are independently audited on an honorary basis by Deloitte. Independent investment and portfolio advice is provided by Unica Wealth.