Wunan chairperson Ian Trust accepted the money on behalf of the foundation.
He said: "As many in Kununurra will know, the establishment of a hostel has been the result of years of planning and negotiation.
"It is important that the hostel provides the opportunity to enhance education, training and employment aspirations of Aboriginal people."
Mr Trust said there was a comprehensive planning process being undertaken to give the hostel the best-possible start.
"The purpose of this consultancy is to plan for the hostel's success.
"The consultancy needs to identify target groups who could use the hostel over the next year.
"There has been some previous research work done that suggests that job trainees may benefit from a supportive environment such as a hostel."
He said the hostel had a capacity of 14 beds.
It followed that it could only service a limited number of people at any one time.
"There will undoubtedly be some disappointment that the hostel cannot be all things to all people.
"However, Aboriginal Hostels has advised that it is important that in the first few years the hostel needs to be very clear about the clientele it serves," he said.