Victorian land lease community MD sets up mental health foundation

Credit: Downsizing
Victorian land lease community MD sets up mental health foundation
Written by: Ron Reed
on

7 May 2019

Lifestyle Communities managing director James Kelly has established a charitable foundation focussing on youth mental health, in memory of his twin sister.

On 30 April 2019, Lifestyle Communities announced to the Australian Securities Exchange that Mr Kelly had transferred 612,500 of his shares into the Blue Sky Foundation.

“The Blue Sky Foundation is a charitable foundation Mr Kelly has established to focus on youth mental health,” the statement said.

“With the Lifestyle Communities shares and other funds transferred, the starting value of the foundation will be $5 million.”

Mr Kelly was quoted in the statement saying: “The foundation has been set up in memory of my twin sister Elizabeth Kelly, who committed suicide at 21 years of age due to mental health issues and I am hoping that the foundation will be able to help make a difference to research and management in this area.”

A company spokesperson stated that the foundation had been set up and recently had its inaugural meeting.

Lifestyle Communities is based in Melbourne, Victoria. It has 18 residential land lease communities in planning, development or under management in the State.

Watch the new Downsizing Property TV show here:

Improving Service and Challenging Stereotypes

Take a quick 2 minute survey to let us know what you are searching for and how you use the internet. It is anonymous and will produce statistics to help us ensure our services are relevant and to challenge some common stereotypes about older adults not being online. Thank you for your time!

Seniors Housing Online has regularly been featured on the national television program "A Current Affair" along with retirement properties selected from the website, representing different styles and price points