Foundation aids people in need
YOSHITARO Iwasaki, grandson of the founder of the Iwasaki Foundation, has flown in to Rockhampton to discuss the foundation’s future direction.
The foundation was established in 1985 with a substantial gift from his grandmother. His grandfather developed the Capricorn Resort.
The charter of the foundation is to provide assistance to needy aged or disabled people and for many years this took the form of subsidised accommodation at the resort.
But for the past two years the organisation has also made cash grants to organisations whose members satisfy the required qualifications.
Grants totalling about $155,000 have been made to recipients like the Sporting Wheelies Association, which received $8000, Second Chance Ministry, which received $20,000 and the Cerebral Palsy League, which benefited to the tune of about $15,000.
Mr Iwasaki said he was particularly pleased that the foundation’s new chairman was Rockhampton’s Hugh Grant, who knew his grandfather and had been associated with the Iwasaki family for 35 years.
“Mr Grant is very familiar with our business activities here and with the ideals of the foundation,” he said.
Mr Iwasaki said it was right that the foundation should adapt to changes in society and he was looking forward to discussions with the board about the philosophy that would guide its future.
During his four-day visit he stayed at the Capricorn Resort, where his company has drawn up a masterplan for redevelopment.