ANNUAL REPORT 2017
S U STA I N A B LE, S C A L A B LE
BUSINESS MODEL
Introducing KU Figtree
KU
20
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“We knew right away that
a transition to KU would
be a really positive step
forward for our preschool
and community. We
literally couldn’t wait to
become ‘KU Figtree’!”
Key to KU’s ability to continue
shaping children’s lives through
education, are both our financially
sustainable business model and
our strong commitment to the
reinvestment of surplus in quality
services, programs and staff. Both
are most effective when we are
responsive to community needs.
When KU is able to invest in scaling
up, or expanding our reach into
new communities, we are able to
provide high quality education to
more children – it’s as simple as
that. Similarly, when we are able to
invest in owning the properties that
accommodate our services, we can
secure the tenure of those services
for the future.
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KU was able to do both in 2017,
having purchased a property in the
leafy Illawarra suburb of Figtree,
along with the St Columba Uniting
Preschool it housed. The purchase
has been warmly welcomed by the
local community as having saved the
preschool, the future of which was
in doubt when plans to sell the site
were announced earlier this year.
KU has been operating preschools
in the Illawarra for more than half
a century, and we are pleased to
welcome the staff and families at St
Columba Uniting Preschool, now KU
Figtree, into the KU family.