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Donors

How do I make a donation?

Wednesday, June 16th, 2021

You can donate to any existing Fund using our donation portal here.

If donating via your local branch or internet banking, please make your gift to:

Account Name:           Taranaki Foundation

Account Number:        15-3953-0804837-00

Reference:                   Name of the Fund you would like to support

Email us your contact details if you would like a donation receipt (to claim your tax credit).

If you want to donate in person or in a different way, contact us now to discuss options.

What Funds can I donate to?

Wednesday, June 16th, 2021

You can choose to set up your own Named Fund or to contribute to any existing General, Community or Named Fund whose focus best reflects the causes, groups and work you are most passionate about. Read more about establishing a Named Fund here or browse the existing Funds you can donate to here.

Any donation you make will be prudently invested by Taranaki Foundation and each year income earned will be distributed to the community according to the terms of the Fund you’ve chosen.  Your donation becomes part of the Fund’s capital and remains untouched – so your gift keeps on giving year after year after year.

If you want to donate in a different way, contact us now to discuss options.

Why give through Taranaki Foundation?

Wednesday, June 16th, 2021

By making your charitable giving via Taranaki Foundation your donation can go further and forever within the community you love. ​

Your donation can be invested and grown, with the income it generates funding local causes year on year. It’s a simple, effective and long-lasting way for your generosity to support our community’s needs and impact long-term change. ​

Better still, you can choose who benefits from your gift. Find out more here 

How do I set up my own Named Fund?

Wednesday, June 16th, 2021

Setting up your own Named Fund is really easy. When you get in touch, we will meet with you to find out about you and your charitable aspirations. Taranaki Foundation is very much donor led, so we can tailor your Fund to reflect your values and priorities. Find out more about establishing your own Named Fund here.

What if I want to remain anonymous?

Thursday, June 3rd, 2021

You can choose to remain entirely anonymous, during your lifetime and after your death.

If you are creating a Named Fund then you decide what the Fund will be called and how much information about the people and story behind it is shared or not shared. Your wishes will be honoured forever.

I’d like to establish a Named Fund but don’t currently have enough funds to do so?

Wednesday, June 16th, 2021

We encourage you to create your Fund now and make contributions to it as you are able.

Once your Fund reaches $50,000 you will be able to direct grants to appropriate projects and charitable causes.

Alternatively, you may wish to contribute to the Taranaki Fund which has been established to to meet the current needs of the community. Or you can donate to an Established Community Fund like the Hospice Taranaki Fund, Taranaki Legacy Fund and Purangi Trust Fund.

What if I have specific charities I want to support?

Wednesday, June 16th, 2021

Many of our donors already have relationships with specific charities that they want to continue. This is very easy — we simply “tag” your Named Fund with any charities you wish to support (and then make sure funding goes to them, as specified, each and every year). These tagged funds are managed by Taranaki Foundation and are held at arm’s length to the charity they benefit.

Charities and community groups love tagged donations because they know they can rely on the annual funding and plan accordingly. Also, because we (as opposed to the charity) have the capital on our books, the charity is usually not excluded from applying for funding from other sources.

What happens if my designated charity ceases to exist?

Wednesday, June 16th, 2021

If this occurs during your lifetime, we will work with you to nominate a new beneficiary for your Fund. If a charity ceases after your passing, Taranaki Foundation will endeavour to identify another organisation that operates within the same charitable purpose as the original beneficiary. Where this is not possible, Taranaki Foundation will allocate the income earned on these Funds to priority needs in the region through the General Taranaki Fund.

What if I want to make larger capital distributions from my fund?

Wednesday, June 16th, 2021

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.

How are donated funds managed?

Thursday, June 3rd, 2021

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.

All of Taranaki Foundation’s investments are managed by Craigs Investment Partners, with supervision from our Investment Management Committee.

What are Taranaki Foundation’s costs?

Wednesday, June 16th, 2021

Taranaki Foundation directs 1 percent of the income earned on invested funds towards operating expenses.

Anyone establishing a Named Fund is encouraged to consider donating towards operating expenses. This can be in the form of a one-off donation when the Fund is established or a series of smaller donations over a fixed time period, or (in the case of donations that are bequeathed) a single donation when the gift is received by Taranaki Foundation.