Neurosurgical Research Foundation - Corpus
The Neurosurgical Research Foundation (NRF) was established in 1963 and since inception it has made grants in excess of $4.3 million to support neurosurgical research and to establish academic research positions at the University of Adelaide.
Over this 49 year period, a reserve of $1 million was accumulated by prudent financial management and investments. In 2007 the Board resolved to formalise the sustainability of the NRF by setting aside $1 million as a ‘Corpus’. These funds are now managed by an independent investment manager. The investment earnings on the Corpus are used to defray the administrative expenses of the Foundation.
The goal of the NRF Board is to allocate a substantial portion of funds to neurosurgical research.
Over the past six years, 100% of the donations to the NRF have been used for research.