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.
Pass Through Funds are generally established by corporate or business organisations.
100% of donations are distributed (pass through) to the community and a great way for an organisation to manage their community giving through the Foundation.
An operational contribution is required with all Pass Through Funds. This is a reflection of the partnership entered into and the time it takes to manage these Funds
Read about some of the Pass Through Funds that have already been established with Taranaki Foundation here.
These are existing Funds that community groups including schools, incorporated societies, and charities have set up with Taranaki Foundation.
Most of our Community Funds are Named Funds (see below), although it is possible to set up a Community Fund under a Pass Through or Combined model as well.
The community group that establishes a Fund sets the agenda and determines the groups and work that benefit from it.
Once established, anyone can donate any amount they choose to a Community Fund (provided they meet the criteria set out by the people who established it).
Community Funds automatically qualify to be part of our Workplace Giving scheme which encourages businesses and employees throughout the region to make regular contributions to the Funds managed by Taranaki Foundation. Find out more about Workplace Giving here.
Find out more about the Established Community Funds you can donate to here.
We currently have two General Funds – the Taranaki Foundation Fund and the Taranaki Foundation Operational Fund.
The Taranaki Foundation Fund is a Named Fund (see below) and the Taranaki Foundation Operational Fund is to support our ongoing operational cost to run the Foundation. Anyone can donate any amount they wish to these funds.
Find out more about our Taranaki Foundation Fund and the Taranaki Foundation Operational Fund here.
