The Making Waves Foundation was successful in receiving a grant for "Services to disadvantaged groups or organisations" to apply to Winds of Joy sails in Melbourne. Providing services that directly support children, adolescents, adults, and families who are disadvantaged due to education, financial, and/or social circumstances.
The Trust was constituted under the Will of Edwin Harold Flack, who died on 10 January 1935.
Most of Edwin Flack's estate was left in trust for charitable purposes, in perpetuity. Subject to the conditions under the Will, distributions to charities are made entirely at the discretion of the trustees based on funding requests made by eligible charities and institutions.