Professional Advisors are key to helping people decide where best to leave their legacy.
Taranaki Foundation can help your clients leave a personal, enduring legacy that will benefit their community forever. We work with professional advisors like you to find the perfect fit between people and worthy causes and projects – strengthening established relationships and forging new ones.
Let’s work together to help your clients achieve their charitable goals.
(Photo credit: Image above of Taranaki Maunga from Venture Taranaki)
A significant portion of New Zealand’s wealth is held by those of retirement age. Many will choose to pass it on to the next generation and support the charitable causes to their heart.
An essential part of your clients’ future planning will be to consider how and when to transfer their wealth, who will benefit and how they can get the maximum enjoyment from it. We can provide a variety of giving options for your clients, on a timeframe which suits them best.
We work alongside you and are here to answer your questions.
We can speak to your clients about philanthropy and where the great, impactful work is taking place in our community.
We can create a tailored giving plan for your client.
We can provide advice and resources on how to include philanthropy in your wealth planning conversations.
We want to ensure you feel informed of the value-add we can provide and would be delighted to come and present to your board, clients, and team.
Across Taranaki, a dedicated network of professional advisors, including lawyers, accountants, financial planners and investment specialists, work closely with clients and the Taranaki Foundation throughout the year. These trusted professionals are often the first people individuals turn to when thinking about their Will or estate planning. They help ensure charitable conversations are approachable, client-led, and grounded in what matters most to each individual or whānau.
One of those trusted professional advisors is Connect Legal Taranaki, a long-standing Taranaki law firm (formerly Billings Lawyers and RMY Legal) that has championed the power of giving for decades.
Steve Waite, a Principal at BDO Taranaki sees the Taranaki Foundation as a valuable partner to which he refers clients when they have charitable intentions but have uncertainty about their charitable giving options
“Our clients are often daunted by the potential complexity facing them – particularly where they have some ideas or preferences on how they would like to give back to their communities. I find that the Taranaki Foundation offers excellent options to achieve their objectives effectively and efficiently.”
These resources may provide a useful starting point for your discussion about giving.
Here are some useful forms and suggested clauses to insert in your client’s Will, when setting up a Named Fund with Taranaki Foundation:
Taranaki Foundation Suggested Clauses for Wills.
Your lawyer can help with this and we do recommend you seek professional advice.
Taranaki Foundation staff are also available to talk through your wishes and provide the documentation your lawyer may need. We have prepared a guide with sample Will clauses which can be easily tailored to suit your specific intention: Creating your legacy
Each Fund is monitored and accounted for individually however, to reduce risk and lessen administration costs, capital across all funds is combined and managed by Taranaki Foundation.
Taranaki Foundation’s investment portfolio is managed by Craigs Investment Partners, Forsyth Barr, Jarden & Strategic Wealth Management with supervision from our Investment Management Committee. Several other investments sit with other smaller fund managers, providers and in assets outside the core portfolio. We are open to working with all Fund Managers in New Zealand.
We have a Statement of Investment Policy and Objectives (SIPO) that outlines our investment strategy.
If you have an existing relationship with an investment/fund manager you are welcome to continue using their services given they meet the appropriate fiduciary requirements. We are open to working with all advisors in our community.
"We were impressed with the community foundations model as it will not only ease the fundraising burden but also provide our supporters with a way to invest in our future and help us to ensure we can continue to provide our specialist hospice care and support to all who need us."Paul Lamb, CEO - Hospice Taranaki
