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What are Named Funds?

  • 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.