The Aboriginal Foundation is established under the Associations Incorporation Act (SA) 1985 to identify, secure and manage viable business opportunities on behalf of Aboriginal people (native title claimants) in South Australia.
The Aboriginal Foundation's primary purpose is to seek out business partnering opportunities likely to benefit the economic, social and cultural wellbeing of individuals and communities and to make investments that generate long term benefit for Aboriginal South Australians.
The Aboriginal Foundation has evolved because South Australian Aboriginal people recognised they have, for a range of reasons, largely missed out on economic and business opportunities in this State.
The Foundation is the vision of the Aboriginal Congress of South Australia. The Foundation was devised for and by Aboriginal people; its its priorities are being driven by native title claimants and Aboriginal people in South Australia.
The Aboriginal Foundation, which has wealth creation and business priorities, will work largely independently of Congress. However, the Foundation's Constitution which was developed by Congress, provides the guide for the Foundation and requires the Foundation to report to and have a working relationship with Congress.
The Congress Chairperson and the CEO of SANTS have a standing invitation to attend meetings of the Foundation for an update on its activities. There is an objective for South Australian Native Title Services (SANTS), Congress and the Foundation to have a common vision for economic development.
Foundation Board Members bring a range of skills and experience to the work of the Foundation through a history of involvement in areas such as investment, commerce, legal, public relations, human resources, project management, marketing and Aboriginal community development.
Board Members are independent of Congress and are NOT representative of any company, sector, group, community or organisation.
Contact with the Foundation might be through direct contact by individuals, organisations, communities and native title claimants who have been presented with a business idea and want advice, or are seeking a joint-venture partner. The Foundation may also be contacted by private sector companies who wish it to consider business opportunities across a range of business structures.
The Foundation is regularly looking at business opportunities and is now linked to Indigenous Business Australia (IBA) in this endeavour.