Include A Charity Week: 5-11 September 2016

We are a part of Include A Charity to help kiwis understand how easy it is to leave a gift in your Will to charity.

We encourage everyday New Zealanders to consider leaving a gift or a bequest to their favourite charity in their will (not forgetting family and friends first).

Gifts in Wills form the foundation of many New Zealand charities. Without them, many charities simply would not exist. Leaving a gift is easy and it makes a real difference to the work that we can do in the future.

To learn more please visit Include A Charity here , download a free Will Information Pack, and find out just how easy it is to include a charity in your will

Click here for more information about leaving a bequest to Auckland Communities Foundation or download our ACF Bequest Brochure.

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Rich-lister calls for other wealthy Kiwis to give back to their community

John Hynds is worth $140 million according to the NBR rich list - and he’s using some of that to give back to his old school

“I take it as a responsibility,” he said.

That means scholarships for students at Manurewa High School to study business.

“I love this country, I have a passion for this country and education in the end is the key,” he says.

Mr Hynds set up the Hynds Group from his garage in 1973 - they make pipes for water and waste management.

“I was lucky because I had role models - this is a decile one area now - most of the students here don’t have strong business role models.”

One success story of the business scholarship programme is Ryan King, who isn’t even sure what he would be doing if he hadn’t received it.

“Without this programme I don’t know where I would have been,” he said.

“I would like to think I would have gone to university but it wouldn’t have been a guarantee - I don’t know … New World, maybe McDonalds?”

Click here to watch the video

(TVNZ)

The Moral Mixing Desk podcast from the Writers Festival

“When does philanthropy end and dirty self-promotion begin?”asks UK philosopher Julian Baggini in a recent newspaper article. The question comes as Facebook CEO Mark Zuckerberg defends his limited liability foundation from accusations of doing bad under the guise of doing good, and charities struggle to raise funds as the wealth gap widens. Does it matter if cash for causes is tainted, that philanthropists may not be entirely altruistic? For an exploration of the sinuous ethics of philanthropy, of high-minded purity versus pragmatic utilitarianism, join Baggini, Kate Frykberg andGareth Morgan in conversation with Wallace Chapman.

Click here to listen.

Auckland Communities Foundation set to build on recent growth

A leadership change at Auckland Communities Foundation (ACF) paves the way for its continued growth as the premier donor service provider for private philanthropy in Auckland. Whilst the Board of ACF is sorry to lose outgoing CEO Hilary Sumpter, it is condfident that newly appointed Chief Executive, Dellwyn Stuart, will quickly build on the progress the organisation has made.

Dellwyn joins ACF on 1 August 2016, replacing Hilary who has led the foundation through a period of significant growth during the last three years. The new CEO has a thirty-year career spanning corporate and private business roles, the NFP sector and revitalising and leading a major grant-making foundation. Her most recent experience includes trustee roles for Philanthropy New Zealand, the Project Crimson Trust and Cure Kids, Executive Directorship with the Stevenson Foundation, and a year as Interim CEO at Cure Kids.

In appointing Dellwyn, the Board of ACF recognised her combination of leadership experience and expertise in bringing people and resources together to solve issues that affect the lives of others. Board Chairman Geoff Clews said that,

“Dellwyn will bring to the role very strong commercial and strategic skills, together with a high regard for authenticity, transparency and collaboration. She thrives on a fast pace and believes a strong community with shared goals are at the heart of success. She will build that both within the organisation and amongst our community of donors. The Board is really enthusiastic at her appointment and can’t wait to begin working with her.”

The appointment of a new CEO follows other positive changes at ACF, which increase its capacity and capability in the Auckland philanthropic sector. A new Philanthropy Services Manager, Lettie Bright has joined the team, having worked for nearly seven years in the relationships team at Oxfam New Zealand. Prior to that she worked at the Auckland University Business School whilst also studying.

Dellwyn Stuart and Lettie Bright join ACF at a period of immense growth. ACF has trebled in size over the past three years, with a focus on working with generous Aucklanders who, as donors, are keen to make a difference in their communities. Clews observed,

“Both Dellwyn and Lettie are a great fit for ACF. Our management team are looking forward to working with them to build on the growth of the past three years.”

On a personal note, outgoing CEO Hilary Sumpter said,

“I have thoroughly enjoyed my time at ACF and I’ve met some amazing people; especially our donors who care so much about Auckland, and allow us the privilege of helping them with their giving. One of the richest parts of my role has been introducing donors to charities that are really making a difference. Then I get to call the charity back and let them know they’re going to be given a donation by one of our donors – it’s a truly gratifying moment. That’s something that I am sure ACF’s new CEO will find equally gratifying. The Foundation is still maturing and it will be exciting to see it develop in the years to come, and have an increasing impact in the community.”

Dellwyn and the ACF team is supported by a board that cares deeply about Auckland and the communities foundation model. Chairman Geoff Clews said,

“Recent additions to the board are Pete Elderkin, Suneil Connor and Amokura Panoho. Pete is a General Manager/Chief Financial Officer with prior roles at Department of Conservation, NZ Football and MOTAT. Suneil is a senior manager at KPMG and specialises in rapidly growing businesses and Amokura comes from a background in Māori economic development with leadership roles for the Department of Labour and Auckland Council. They are already contributing greatly to ACF’s work.”

With these changes Auckland Communities Foundation is set to continue to make a lasting and positive contribution to the growth of private philanthropy in Auckland and will continue to champion long-term, sustainable progress in the key areas challenging our city.

Sir Stephen Tindall invites North Shore residents to give to where they live

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North Shore charities and the local community groups will be better off thanks to a dedicated new fund launched last week with the support of Sir Stephen Tindall.

The North Shore Endowment Fund has been established by Auckland Community Foundation to create a new source of funding to support North Shore charities so they can continue make a positive difference to the lives of local people in need.
At the launch at Lake House Arts Centre in Takapuna, Sir Stephen spoke of his enthusiasm and support for the Community Foundation model. Based on an international model of philanthropy, it centres on the notion of place-based giving; people giving back to a specific geographic region which holds significance to them. The beauty of this, is that it is a gift that keeps on giving forever.

“The North Shore Fund is a fantastic way for local Shore residents to make a lasting, positive contribution to this beautiful part of Auckland we call home. Locals can open a ‘living fund’ or leave a gift in their will to local causes close to their hearts. This new fund will manage the donation on their behalf, ensuring it makes a significant difference to those who need it the most.”
Sir Stephen’s own Foundation, The Tindall Foundation, has been instrumental in the establishment of Community Foundations throughout New Zealand and the model has proven itself both here and internationally.
He referred to the fact that the good life we enjoy today is a result of past generosity of our forebears. “We have the opportunity through Community Foundations to leave the same legacy to the next generations,” he said.
Geoff Clews, the Chair of Auckland Communities Foundation and North Shore resident, announced his own donation of $5000 while speaking of his support for the Fund. He encouraged others to contribute donations and bequests to build a permanent endowment for the North Shore, noting that, “The North Shore is a great place to live, but it’s not great for everyone and it has its issues just like any other part of Auckland.”

Auckland Communities Foundation will be administering the Fund, investing the capital to generate an income that can support local causes long into the future. An Advisory Committee comprising five North Shore residents will manage the charitable distributions when the fund reaches $100,000.

The current Advisory Committee of Joseph Bergin, Chris Reeves and Geoff Clews will be supplemented by two more philanthropically minded members yet to be appointed.

‘Auckland Communities Foundation chair Geoff Clews’ on Radio New Zealand.

Two big reports on philanthropy in Auckland are about to be released. One asks what motivates philanthropists, and what they hope will come from their donations. The other gives potential donors advice on groups - like the arts - that are most in need of private funding. The Auckland Communities Foundation is behind the reports and in its first five years of working with philanthropists, it’s distributed more than 5 million dollars in grants. The Foundation’s Chair, Geoff Clews, is an Auckland tax barrister and longtime supporter of the Arts. He’s set up the Rampart Endowment Fund to promote arts education. Lynn Freeman asked Geoff why New Zealanders seem much more reluctant philanthropists than those in countries like America.

Listen now on Radio New Zealand

 

Harbour takes top award

Harbour Asset Management has taken out the top prize at this year’s Morningstar New Zealand Fund Manager of the Year awards.

Article by Good Returns

It beat finalists ANZ Investments and Nikko Asset Management to the NZ Fund Manager of the Year title.
Harbour also took the fixed interest category, ahead of AMP Capital and Nikko Asset Management.
Tim Murphy, Morningstar Australasia’s director of manager research, said: “The winners of the New Zealand Morningstar Awards have all shown themselves to be first-class stewards of investor capital. The quality of their people, process, parent, price and performance is a testament to their commitment to investors.”

Harbour was cited for performance across all asset classes. Morningstar noted that investors benefited from shrewd security selection and “well-judged portfolio positioning in difficult market conditions”.

Harbour managing director Andrew Bascand said he was surprised to have taken the top award. He said his firm’s launch of new funds and other innovative solutions for clients seemed to have been one of the deciding factors.

“[The win] highlights that we need to continue to invest in our people and in our resources to make sure we have a strong research focus. We’ve launched three new funds so we’ll focus on bedding those funds down and getting out and telling people about them.” He said the team would also need to focus on investment performance in what could be a difficult market ahead.

“It is great that Harbour is contributing strongly to the development of New Zealand’s capital market. Our clients entrust us to manage and grow their investments and bring innovative investment solutions. This is a responsibility we take very seriously. Our experienced and proven investment team manage clients’ money within a disciplined and robust investment process.

“Harbour is focused on managing a range of income and growth investment solutions on behalf of our clients, delivered within a strong governance and compliance framework.”

In the fixed interest category, Morningstar said Christian Hawkesby and Mark Brown had done an exceptional job at developing the firm’s capability. “Their sound investment process, backed by detailed economic research and modelling, has resulted in a noteworthy track record to date. Investors looking to diversify their portfolio by including fixed interest exposure need look no further than Harbour.”

Mint Asset Management took the domestic equities category, ANZ Investments the international equities category and Milford the KiwiSaver category. Anthony Halls was mentioned at Mint. Morningstar said his investment team demonstrated their flair and expertise at investing in New Zealand and Australian companies.

At ANZ, Alan Clarke was mentioned for his portfolio construction in “constantly changing market conditions”. Morningstar said Milford was at the forefront of a competitive KiwiSaver sector thanks to its well-tenured and seasoned investments team, client service, industry-leading results and focus on investor education.

Managing director of Milford, Anthony Quirk, said: “We are delighted to receive this award as its criteria specifies that the product provides the best all round solutions to New Zealanders for their KiwiSaver investment. As such, it is a very pleasing recognition of Milford delivering to its investors on all aspects of our KiwiSaver offer. This award continues the real momentum in our business with strategies for further growth in KiwiSaver and other investment product areas.”

Only fund managers with funds for sale in New Zealand qualify for inclusion.

The winner is based on research from Morningstar’s analysts, risk-adjusted returns and performance in 2015.

March is the time for giving and making a meaningful difference in your community

Make a gift before the end of the tax year and you could claim back one third of your gift as a tax refund*.  By giving through Auckland Communities Foundation we can help support you in deciding which charity or cause you would like to give to.

In the last quarter alone our donors have been making their mark on their communities with the distribution of over $200,000 to 24 organisations across the region.  This month we have also received donations from caring and generous Aucklanders wishing to support the Fijian communities affected by the recent cyclone.

Donations can be of any size and our donors, although diverse all have a commitment to making a meaningful difference and see the benefit of working with a Community Foundation to make their giving as easy and effective as possible.

Auckland Communities Foundation can tailor your giving to suit you:

  • Contribute to an existing fund, directly with ACF.
  • Start your own fund under the ACF charitable umbrella
  • Supported Funds - in collaboration with your current method of investing or with your Investment Manager.
  • Giving Circles – groups of people who pool their resources and then choose charitable causes to donate to.
  • Existing Charitable Foundations – come under the ACF umbrella and ACF administers your compliance requirements, granting and reporting.
  • Leaving a gift in your Will for Auckland – leave a legacy that will have an ongoing impact long after you’ve gone.
  • Giving Circles – groups of people who pool their resources and then choose charitable causes to donate to.

For more information, please contact Hilary Sumpter on 09 631 7203 or h.sumpter@aucklandcf.org.nz