The Board’s Vision:
The Board’s vision is to provide excellence in its stewardship, investment and application of funds held by it to benefit public health entities (PHEs) and relevant research bodies in their delivery of services, equipment and research in accordance with the Health Services Charitable Gifts Act, 2011 (HSCG Act) .
The Board’s Purpose:
The Board has been established to hold charitable gifts and donations received by public hospitals and research institutions. Funds held are invested to earn a return for the hospitals and institutions concerned. They are then applied for research, services and equipment in accordance with the purpose for which the funds were originally donated or gifted.
The Board operates ethically to fund research and other acquisition by the various PHEs for which it holds funds. The Board takes a view to this task commensurate with the perpetual nature of the Board.
The HSCG Act governs the Board and its operations. The Board reports annually to the Minister for Health and Wellbeing who tables the report before the SA Parliament. The Auditor General audits the Board’s activity and reports separately to the SA Parliament on the Board.
The Board has existed in one form or another since the late 19th century. More detail in relation to the Board’s history is available here . View History Page Here.
The Board consults with the South Australian Health and Medical Institute (SAHMRI) where warranted and in particular in relation to new applications for funds for clinical equipment and research. The Board does not hold any gifts or donations on behalf of SAHMRI.
Under the HSCG Act, the Board may act as a trustee or co-trustee in respect of a trust where the Board is named or otherwise asked to act as a trustee or co-trustee.
Under the HSCGB Act the Minister for Health and Wellbeing nominates the members of the Board (known as Commissioners), who are appointed by the Governor. They are appointed for three- year terms with appointments staggered over a three-year cycle.
The Board is registered with the Australian Charities and Not-for-profits Commission (ACNC) and is endorsed as a Deductible Gift Recipient (DGR) by the Australian Taxation Office.