About this organisation
Summary of activities
The Naomi Milgrom Foundation champions art, design and architecture that improves Australian lives - empowering creation, collaboration and education. Established in 2014, the not-for-profit organisation pivots on a central purpose: to enhance the presence and influence of creative culture in Australia. This is accomplished through the active support of artists, designers and creative institutions; the fostering of collaborations between bodies and disciplines; the promotion of art and design education; and an overarching commitment to increasing access to the arts. The Foundation, registered with the ACNC, operates on a public-private partnership model with government and public institutions, industry and education partners. The Naomi Milgrom Foundation's ongoing flagship projects include MPavilion and the Living Cities Forum. The Foundation has also commenced a new project for the transformation of the former Richmond Power Station in Cremorne, Victoria. MPavilion is Australia's leading annual architecture commission. Each year an esteemed architect is engaged to design a pavilion for the Queen Victoria Gardens in the Southbank Arts Precinct. The MPavilion then becomes the site of a five-month season of free events - encouraging design debate and cultural exchange. At the completion of each season, the pavilion is gifted to organisations across the city and state where they are given a permanent home to continue their civic journey. The Living Cities Forum, is another major annual event presented by the Foundation. It is one of Australia's annual major architecture and urban design events, brings together leading architects and urban thinkers to explore the role of design, architecture and planning in shaping our communities. Since its inception in 2017, the Forum has fostered collaboration and a vibrant discourse with a substantial influence on the thinking behind policy-making that determines approaches to urban development across Australia. Whilst convening established experts, the Living Cities Forum actively seeks out and invites voices from across society to take part in deep and critical analyses of our cities. The resulting dialogues are rigorous and scientific, but always lively, personal, productive, and certainly inspirational. Beyond the forum, satellite events including additional presentations, industry workshops and panel discussions progresses ongoing conversations, highlighting the role of architecture and urban design as a shaping force in our cities, towns and local communities, and to inspire civic engagement with questions of place, design and liveability. These important supplementary activities build connections between big thinkers and local doers-from design and urban planning experts, futurists and policy makers, to social activists and academics. A series of online content including videos, essays, films, and conversations remains online as a valuable resource for the Australian and global community.
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Outcomes
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Programs and activities
Name: MPavilion
Classification: Architecture (Arts and culture > Visual arts > Architecture )
Beneficiaries:- General community in Australia
Name: Living Cities Forum
URL: https://www.livingcitiesforum.org/
Classification: Urban planning (Economic development > Urban and town development > Urban planning)
Beneficiaries:- General community in Australia
Name: Richmond Power Station
Classification: Urban planning (Economic development > Urban and town development > Urban planning)
Beneficiaries:- General community in Australia
Finances
What is this?
This graph shows how much revenue (money in) and expenses (money out) the charity has had each year over the last few years. Charities have many sources of revenue, such as donations, government grants, and services they sell to the public. Similarly, expenses are everything that allows the charity to run, from paying staff to rent.
What should I be looking for?
First off, this graph gives a general indication of how big the charity is - charities range in size from tiny (budgets of less than $100,000) to enormous (budgets more than $100 million). You're also looking for variability - if the charity's revenue and expenses are jumping up and down from year to year, make sure there's a good reason for it.
Unlike companies, charities and not-for-profits aren't on a mission to make money. However, if they spend more than they receive, eventually they will go into too much debt and run into trouble. As a very general rule, you want revenue to be slightly above expenses. If expenses is reliably above revenue, the charity is losing money. If revenue is much larger than expenses, it means the charity might not be using its resources effectively. It isn't always that simple, however, and there's a lot of reasons a charity might not follow this pattern. They might be saving up for a big purchase or campaign, or they might have made a big one-off payment. If you're worried, always look at the annual and financial reports to understand why the charity is making the decisions it is.
What is this?
If a charity receives more money than it spends, that's a surplus (in business, it would be called profit). If it spends more than it receives, that's a deficit. This chart shows surpluses and deficits for the charity over the last few years.
What should I be looking for?
Unlike companies, charities and not-for-profits aren't on a mission to make money. However, if they spend more than they receive, eventually they will go into too much debt and run into trouble. As a very general rule, you want a charity to make a small surplus on average. A deficit means that charity lost money that year, which may indicate poor financial management or just a series of bad circumstances. If the charity always has a huge surplus, it means the charity might not be using its resources effectively. It isn't always that simple, however, and there's a lot of reasons a charity might not follow this pattern. They might be saving up for a big purchase or campaign, or they might have made a big one-off payment. If you're worried, always look at the annual and financial reports to understand why the charity is making the decisions it is.
What is this?
This chart compares the amount the charity receives from various sources, including donations (i.e. money given by the general public or philanthropy), goods and services, government grants, and other sources.
What should I be looking for?
Donations are an important source of revenue for some charities. Others rely more heavily on government funding, or on revenue from other sources. This is an indication of how much they need donors to accomplish their mission. Note that there is no 'good' or 'bad' amount of donations for a charity to have. It might be interesting to look at values over time - are they going up or down? A charity that gets less donations every year may be in trouble.
What is this?
Assets are things that the charity owns that are worth something. This could be anything from a car to investments. Similarly, liabilities are debts or obligations that the charity owes to someone else, like a loan or an agreement to pay for something.
What should I be looking for?
Firstly, in general a charity should have more assets than liabilities. If it doesn't, it implies that the charity might not be able to pay its debts, and you should look very closely at the charity's annual and financial reports to make sure they are taking steps to remedy this. Current assets should generally be above current liabilities - that means the charity can easily pay off the debts that are coming due soon. Beyond that, look for a large stockpile of assets. While a charity should have enough assets to keep it afloat in hard times (a 'buffer') if that stockpile gets too large the charity could be using that money more effectively. As always, if you have concerns check the annual and financial reports.
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