The Te Awa Community Foundation will build a local fund that will benefit the local community, forever.
Quite simply, it encourages local generosity. It will connect people who care with causes that matter.
- The Foundation will provide an opportunity for people to leave a gift to their community (either through donations or through a gift in their Will).
- Funds are pooled and invested in perpetuity; the interest from the funds will support the local community every year, forever.
- Generous people (donors) work in partnership with the Community Foundation and can choose which causes will benefit from their Fund’s distributions.
- Voluntary trustees are committed to ensuring a strong and caring Foundation supporting the local community.
Community Foundations are a global success story, the concept began in North America in 1914 and today there are 1,838 Funds worldwide with $63.2 billion of funds under management.
They are steadily growing in New Zealand, today with over $120 million in managed funds and over $360m pledged in anticipated bequests.
Including Te Awa Community Foundation there are now 17 Community Foundations in New Zealand, covering over 80% of the country. See more at www.nzcommunityfoundations.org.nz