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Transfer a trust or society

Let us take care of that

Are you involved with an Incorporated Society or a Charitable, Family or Corporate Trust? Finding business as usual increasingly difficult in the wake of the changes to the Trusts Act? Taranaki Foundation can help.

By transferring the assets of an existing entity to a Named Fund managed by Taranaki Foundation you will create an inter-generational funding stream. The purpose and distributions of the original entity remains the same. In return our professional advisors and conscientious Trustees will take care of all the legal, administrative, distributing and reporting requirements — leaving you free to focus your time and energy on the work your Trust or Society was originally created to do.

Benefits of resettling your Trust or Society with Taranaki Foundation

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 illegal 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.

Case Study

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 a scholarship of $1,000 each year to a Hāwera High School graduate who successfully completes their first year at Teacher Training College.

"“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 - Deputy Chair, Taranaki Foundation