The vast majority of Taranaki Foundation’s Funds are based on the Named (Endowment) Fund model, where the capital is protected and grants are distributed only from the income generated.
However, you can opt to establish a Fund using the Pass-Through or Combined models. In these models either all or some of the original capital is distributed via grants. For example, with the Pass Through model, an individual could donate $50,000, to be paid out in $10,000 increments over a five-year period. With the Combined model they may choose to pay out half of the capital in annual distributions, protecting and growing the other half for future distributions.
You can learn more about the different Fund models Taranaki Foundation uses here.