Townsville Basketball Financial Recovery

Townsville Basketball Financial Recovery

Raised

$63,491.75

Goal

$200,000.00

Townsville Basketball and its finances have taken a hit over the past few years. The association currently holds an accumulated debt in excess of $500,000 which is preventing it from completing major facility improvements for our members.

Our only current avenue for improvements is through fully funded government funding. Until we are in a stronger financial position we are unable to borrow at the record low current interest rates.

Whilst we will continue to work on operational efficiencies and tightening our belts where possible it has become evident that unless we receive funds through a capital injection we have no scope for change.

Townsville Basketball has been pushed to the limits by the enforced breaks from the 2019 Monsoon Event and the 2020 COVID-19 Pandemic and does not have the reserves to survive another event outside of its control.

We are also asking the community to help support this vital fundraising project and through our partnership with the Australian Sport Foundation, donations of $2 or more are tax deductible. So please show your support and donate today!

  • Basketball

Your donation to this project is tax deductible

The Australian Sports Foundation (ASF) is the only deductible gift recipient for sport in Australia. This means that donations of $2 or more to approved projects on our website are tax deductible. Shortly after making your donation, you'll receive an official receipt from the ASF that you can use in your income tax return. If you have any questions about your donation, please visit https://asf.org.au/faqs

Raised

$63,491.75

Goal

$200,000.00

Recent donations

Anonymous

Donated to your project

$181.80

Sharon Everett

Donated to your project

$122.40

Anonymous

Donated to your project

$121.20

Janelle Harding

Harding Family

$180.00

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Your donation to this project is tax deductible

The Australian Sports Foundation (ASF) is the only deductible gift recipient for sport in Australia. This means that donations of $2 or more to approved projects on our website are tax deductible. Shortly after making your donation, you'll receive an official receipt from the ASF that you can use in your income tax return. If you have any questions about your donation, please visit https://asf.org.au/faqs