Chain Reaction announces final charity partner recipients and funding allocation from 2017 events
The Chain Reaction Challenge Foundation is proud to announce the final charity recipients and relevant funding allocation for the 2016-17 financial year. All four Chain Reaction events have been a great success, with the Queensland event setting a new fundraising record at $1.15 million. Nearly 5,000 individual donations were contributed from the four events with an average donation amount of $255 in addition to over $1 million in corporate sponsorships across all events. In total, our events raised $2,597,548. Such a result would certainly not have been possible without the incredible generosity of our donors, riders and corporate partners.
As a result of these fundraising efforts, Chain Reaction has donated $1,927,000 to our children’s charity partners this year.
Across Australia, the Foundation has provided significant donations to a number of children’s charities, including seven major charity partners who each received significant funding for their programs: Starlight Children’s Foundation, Very Special Kids, AEIOU Foundation, Ronald McDonald House South East Queensland, Victor Chang Cardiac Research Institute, Freedom Wheels and Southern Cross Kids’ Camps. In addition to our seven major charity partners, Chain Reaction also provided significant funding to 6 other children’s charities.
Donation amounts for the four rides are summarised below:
VICTORIA
Major Charity Partners
- Starlight Children’s Foundation – $290,500
Funds will contribute to running the Starlight Express Room at Monash Children’s Hospital. - Very Special Kids – $289,500
Funds will contribute to renovations and upgrades to the aging Hospice facility.
NEW SOUTH WALES
Major Charity Partner
- Victor Chang Cardiac Research Institute – $265,000
This donation will continue to fund the Chain Reaction Research Project into Congenital Heart Disease after a breakthrough discovery earlier this year.
Minor Charity Partners
- Benevolent Society – $50,000
- TADNSW Freedom Wheels – $15,000
QUEENSLAND
Major Charity Partners
- Ronald McDonald House South East Queensland – $376,000
Funds will help complete the fit out of the last three floors of the new South Brisbane House in Herston.
- AEIOU Foundation – $376,000
Funds will be used to help build a new facility for children with autism in Logan.
Minor Charity Partners
- Aussie Kidz – $40,000
- Juvenile Diabetes Research Foundation – $25,000
- Youth Advocacy Centre – $30,000
WOMEN’S 300
Major Charity Partners
- Freedom Wheels – $60,000
Funds will provide custom bikes for children with disabilities who wouldn’t otherwise be able to ride a bike.
- Southern Cross Kids’ Camps – $60,000
Funds provide an exciting camp experience for kids from families facing hardship such as domestic violence, abuse, neglect or those in foster care.
Additionally, all rides contributed $50,000 to a national charity recipient, Brainwave, to provide support and assistance to children suffering from neurological disorders and disabilities.
For more information about charitable distribution and allocation, please see our FY2017 Annual Report.
