top of page

Bain Estate Future Fund

In May 2013 the Shire of Dumbleyung was the sole beneficiary to the Estate of Ian Bain. The will contained a wish that the money be used to assist sporting groups, emergency organisations and hospital services within the shire; however the wish does not impose an obligation to restrict spending to these three areas.

The intention of Council is for the Bain Estate Distribution to be used for the benefit of the shire over a thirty year period of time. The aim is to distribute the money to the community in similarly equal distributions over the thirty year period, taking into account the time value of money.

The amount available to be distributed each year will be determined through the annual budget process, taking into account past decisions and the current financial climate.