Fund Managers

The current Fund Managers for the Foundation’s funds are Trust Investments Management Limited, one of New Zealand's leading and longest established providers of specialist services, investment products and advice to charities and not-for-profits. They currently work with many of New Zealand's largest charities and advise or manage more than $700 million.

Investment Objectives

The Trustees of the Foundation adopt a policy of investing the assets of the Trust in a broad range of domestic and international investments designed to:

maintain, as a minimum, the inflation-adjusted value of the endowment fund plus any additional donations over rolling ten year periods.

maximise returns over the long term.

Investment Policies

• Trustee responsibilities under common law and statute (including the Trustee Act 1956 and amendments) must be met.
• The currency of record is New Zealand dollars.
• The inflation-adjusted capital of the Trust shall be recorded in NZ dollars. The appropriate measure of inflation is taken as the All Groups Consumers Price Index as calculated by Statistics New Zealand.
• A disciplined reserving policy will be implemented to allow distributions to be smoothed over time, and to allow for fluctuations in investments returns and inflation.
• Liquidity must be considered and maintained at an appropriate level.
• The portfolio will be monitored on an ongoing basis.
• All aspects of the investment process and functions will be reviewed at least once every three years.

Fees

Management fees are currently 2% of funds under management per annum.