Community Fund
In 2011, Sibelco announced the formation of a new community fund with the profits of sand mining. According to the fund, it "is the largest community investment ever made in the history of the Bay Islands". The fund is administered by an Advisory Board, constituted by two members from each of the island's townships and an executive chairperson.
Read more about this topic: North Stradbroke Island
Famous quotes containing the words community and/or fund:
“He thought that, because the community represents millions of people, therefore it must be millions of times more important than the individual, forgetting that the community is an abstraction from the many, and is not the many themselves.”
—D.H. (David Herbert)
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