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The Rona Tranby Trust was established on 2nd September 1991 from a bequest in the Will of Thomas Paul Rona. The bequest enabled the trustees to establish The Rona Tranby Award and Collection. The Trust supports the recording and preservation of Indigenous Australian oral history.

To date the Rona Tranby Trust has given Awards to support a range of projects across Australia. Each award plants a seed that continues to grow over the years and helps to preserve stories important to all Australians.