Are you involved with an Incorporated Society or a Charitable, Family or Corporate Trust?
New Zealand consistently ranks high globally in charitable giving. Charitable Trusts play a vital role in safeguarding and managing assets for charitable causes; however, many of these trusts are currently grappling with significant challenges.
Taranaki Foundation offers a simple, powerful and practical solution for the resettlement of Charitable Trusts.
No loss of identity or purpose: Retain the same name and mission but let us do the hard work.
A tailor-made plan that honours your original intentions and gives you the level of control and involvement you want moving forward.
Expert legal and financial advice and management.
Grants are distributed every year, forever – creating a permanent funding stream for the causes you are passionate about.
Our strong community ties ideally place us to identify new beneficiaries (something made increasingly complex by changes to the Trusts Act)
Avoid the legal burdens and liabilities created by the recent Trust Act changes.
Avoid increased administration and reporting requirements (and their costs)
Annual updates ensure you (and your descendants) keep track of your fund’s earnings and the distributions that have been made.
Taranaki Foundation makes sure the transfer process is simple and painless.
In 2015 the Winifred Knight Trust was transferred to the Foundation becoming our first Named Fund.
Through this Fund, Taranaki Foundation supports community organisations active in South Taranaki. It also continues to honour the Winifred Knight Trust’s commitment to the Ohangai School Community to provide an annual scholarship of $1,250 awarded to a Te Paepae o Aotea graduate in the first year of teacher training.
In 2022, The Friends of the New Plymouth Opera House established a dedicated Named Fund with Taranaki Foundation.
The trustees decided to wind up the Trust and transfer the proceeds to Taranaki Foundation, which will administer the funds as per the Trusts wishes going forward and see the funds safeguarded for generations to come.
"“Our role is to encourage and facilitate cost-effective and efficient philanthropic giving, to make that process easy and to ensure that the gifts given today have enduring benefit for Taranaki, for generations to come.”"Ken Horner - Patron, Taranaki Foundation
