Between 2000 and 2019 the ESF distributed over 4 million dollars to ophthalmic charities in Australia and overseas.
The Eye Surgery Foundation (ESF) was the precursor charity and the source of seed funding for the Perth Eye Foundation (PEF). The board of the PEF wish to acknowledge the contributions of those who fostered the ESF, enabling the emergence of the PEF as one of Australia’s most significant ophthalmic charities.
Although many of the founding group of eight who first established the Eye Surgery Foundation are no longer alive, their legacy lives on in the work of the Perth Eye Foundation.
1993 - 2006
1998 - 2006
1992 - 1994
2006 - 2017
1998 - 2015
2014 - 2022
1992 - 2008
2017 - 2021
2015 - 2020
2017 - 2018
2006 - 2017
2009 - 2014
2006 - 2014
1992 - 2006
The Perth Eye Centre (PEC)
Because it was operated by ophthalmologists for the exclusive benefit of eye patients the quality of the service exceeded what was available locally and even more ophthalmologists requested access.
By 1991 it became obvious that the business was growing so fast that management would require a board with business expertise to oversee the large investments and incomes that were predicted.
The demand for theatre time required additional theatres to be constructed, and in 2013 the building next door was acquired and incorporated into the facility which was then renamed from the ‘Perth Eye Foundation’ to the ‘Perth Eye Hospital.’
The Eye Surgery Foundation (ESF)
The founding PEC board agreed to a novel organisational structure that gave control of the premises to a registered charity known as the Eye Surgery Foundation (ESF) in 1992. The PEC retained autonomous control over the day to day operations of the business and paid rent to the ESF. The ESF was governed by a board with expertise in law, accounting, and management, as well as ophthalmic surgery, and all its operating surplus was distributed to worthwhile ophthalmic charities.
The board of the ESF spent most of their time managing the building and on regulatory compliance, leaving them relatively little time to consider how to distribute their operating profits. During the 1990’s the operating surplus was reduced by the need to invest in expanding the number of theatres to meet demand.
The Perth Eye Foundation (PEF)
By 2017 the original board members of the PEC had all been replaced and the new board decided to accept a take over offer from the CURA group of day care hospitals who operate many similar day care theatres around Australia. In 2019 the relationship between PEC and the ESF was terminated as part of that arrangement and the ESF moved to new premises at 10 Stirling Highway Nedlands, and then sold the building in West Perth.
The move from West Perth to Nedlands coincided with a change of board membership as well as a change in focus. The board now had more time to concentrate on the management of the charity and it obtained legal advice that it should change its ASIC registration to a company limited by guarantee. As part of that renewal process the board registered a new charity called the Perth Eye Foundation (PEF) limited on January 22nd 2020.
Over $16M controlled by the ESF was transferred as seed funding to the PEF, and the ESF closed. As part of good governance the PEF board receive professional advice about financial investments, risk management, and legal obligations, and have instituted an independent advisory board to recommend which projects are most worthwhile to support. This advisory group meets independently and is called the Program Partners Advisory Panel (PPAP).