A Named Endowment Fund is a simple way to support the causes you care about, year after year.
You can set up a fund at any time and give during your lifetime or through your Will. Gifts made during your lifetime may qualify for a tax credit. We work with you to create a fund that reflects your values and interests, connecting you with causes, projects, and organisations that align with your passions.
A Named Fund can be established with a one-off gift or built up over time. Your gift is professionally invested, and once it reaches $50,000, it begins making annual grants, providing ongoing support for the community.
In 2016, Debbie McCallum, a former Foundation Trustee and long-time Taranaki Golf representative, set up a Named Fund to give back to the sport she loves.
Over ten years, she made regular contributions, gradually growing the fund to $50,000 — the point at which it could start making annual grants.
“Setting up the fund was easy, and the time went remarkably quickly,
Robyn and Phil Hinton set up the Hinton Family Investment Fund to give back to the Taranaki community and create a gift that continues long into the future.
“Creating something with intergenerational longevity was really appealing, so this place we call home could benefit long after our time here,” they say.
Each year, they enjoy participating in the annual grants process, supporting organisations that align with their Fund’s purpose, such as Swimming Taranaki, Families Overcoming Addiction, and Big Brothers Big Sisters
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.
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.
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.
"The income from the Fund will continue to be distributed according to our wishes for perpetuity, which is most important to us."Kevin Murphy, New Plymouth Opera House Fund
