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When to apply for Taranaki Foundation Annual Funding?

Wednesday, June 16th, 2021

All our open grant schemes are listed on our Apply for Funding page.

We currently have one funding round per year. The application process opens in August and closes end of September each year.  Applicants will be notified of the outcome in November. Find out more about applying for funding here.

When is The Tindall Foundation funding round and how does this differ from Taranaki Foundation’s?

Wednesday, June 16th, 2021

Taranaki Foundation acts as The Tindall Foundation’s (TTF) Local Allocation Committee for Taranaki, distributing donations from $500 to $10,000 in our region to projects and initiatives that support The Tindall Foundation funding priorities.

TTF’s application process runs in parallel with Taranaki Foundations funding round, opening in August and closing at the end of September each year. Find out more about applying for funding from TTF here.

Can I apply for funding from both The Tindall Foundation and Taranaki Foundation?

Wednesday, June 16th, 2021

Yes – but your applications must either be for separate projects/reasons or for separate portions of your total funding requirements (i.e. If you need $5,000 you can make separate applications for $2,500 from both The Tindall Foundation and Taranaki Foundation, but you cannot apply for the full $5,000 from both funders).  You also need to complete separate applications for each foundation.

My community group needs funding – can you help?

Thursday, June 3rd, 2021

Taranaki Foundation was established in June 2016 (under our original name Te Karaka Foundation) and is currently securing and growing the assets that will fund great local causes in the future.  We do have a modest annual distribution programme. Find out more about applying for funding here.

How is the income from invested funds distributed?

Wednesday, June 16th, 2021

Subject to investment returns, we aim to distribute 4 percent from each Named Fund as annual community grants in accordance with the charitable priorities as outlined in the donor Memorandum of Wishes.

A further 1 percent of the income is retained by Taranaki Foundation to cover our operating costs.

Any remaining income and capital growth is reinvested in order to grow each Fund — allowing them to continue in perpetuity.

How are grant recipients selected?

Thursday, June 3rd, 2021

Our Distributions Committee is made up of experts in charitable giving. They review grant applications, making annual distributions in line with the stated wishes of each Fund, or based on the needs of the community for non-designated Funds. We have a Distribution Policy which provides a robust framework for the committee to use when making granting decisions.

All positions on the Distribution Advisory Committee are voluntary and report to the Board of Trustees.

What is your grant allocation process and how will my application be handled?

Wednesday, June 16th, 2021

Our Trustees ensure Taranaki Foundation’s grant-making process is transparent and addresses the interests of applicants and the wishes of donors and funding partners.

Applications are reviewed and matched with available Funds by our staff and Distributions Committee members. If an application doesn’t match with any Fund’s criteria it is rejected.

Where there is a donor who wants to be involved in the decision-making process we ensure that they receive a shortlist of projects that match their Fund’s purpose and we take their wishes into consideration.

Our Distribution Committee meets in October to determine the successful applicants, and once the grants are ratified by the Taranaki Foundation Trustees, the decisions are announced.