These are Funds that an individual, family, group or organisation can establish.
A Named Fund can be based on any of the three Fund models (Endowment, Pass Through or Combined).
Decisions about details including the name, model and beneficiaries are made by the people who establish each particular Named Fund.
Once an Named Fund reaches $50,000 then annual distributions are made using income generated from the untouched capital. Your fund capital is also expected to grow.
Read about some of the Named Funds that have already been established with Taranaki Foundation here.
