CMT Australia receives funds from its members and sustaining partners to assist the Association in meeting its objectives. Membership subscriptions and administration donations are used to enable CMT Australia to manage its administrative functions such as membership, office, newsletter publications and website. The Association also conducts National Seminars that are self-funded.
Additional funds are provided by members and sustaining partners for research, youth and administration activities.
These funds traditionally amount to approximately $20,000 per year. This level of funding is very modest considering the cost of most research projects and it is the responsibility of the CMT Australia Committee to ensure that these funds are used to the maximum advantage in meeting CMT Australia objectives.
The Association relies on external organisations and individuals to undertake projects and therefore it needs a policy and process by which funds can be appropriately allocated.
Projects which could be considered for such grants need not be medical in nature as they can address other member support initiatives such as gathering statistics or lobbying other funding providers for grants.
Updated Funding Model
From 2020, CMT Australia is changing the way it raises funds and allocates these to research projects. The new approach is project focused with targeted campaigns to raise the required funds. Once this has been achieved, in each case, the grant will be allocated and publicised to our Members and other Stakeholders.
The advantage of this approach are many, but primarily donors will know which project they are helping to fund; and the amount that can be raised will not be limited to what CMT Australia can raise in a single year to support all accepted projects.