Couple's record bequest 'humbling'
Thursday, October 25,
2012
Couple's record bequest 'humbling'
A Palmerston North couple have made the largest donation received by the Massey University Foundation, an endowment of more than $1.2 million.
The late Kenneth and Elizabeth Powell decided
several years ago that they wanted upon their deaths to
establish a fund to support the study of technology in
engineering and health at Massey, although neither of them
had been students at the University. Mr Powell, an engineer
and specialist in aircraft maintenance, said at the time
that as technology and health had been central to their
lives they wanted to give young enthusiasts in their home
city "an extra edge".
Mr Powell, a World War II
veteran who served in the Pacific as instrument fitter with
the Royal New Zealand Air Force, died in February this year,
aged 88. He did his apprenticeship as an instrument fitter
with Union Airways at the Palmerston North Airport at Milson
and later established Aero and General Instruments Ltd on
the corner of Bourke and Cuba Streets. Mrs Powell was a
registered nurse, who trained at Wellington Hospital, and
completed her training as a midwife at Palmerston North
Hospital, where she worked as well as at the former Rostrata
Maternity Home in the city. They married in 1958. She died
in October 2006, aged 96.
Their nephew, Rangi Royal,
76, an executor of their estate, says he and Mr Powell
shared many common interests, including in rugby, hunting
and fishing. Mr Royal was an engineer-fitter with the RNZAF
and they often worked together on machinery. "Ken was a
very, very clever engineer," Mr Royal says. "For example he
would make new cogs for all the Palmerston North taxi meters
whenever prices changed."
When Mr Royal gave the eulogy at Mr Powell's funeral, he recalled a man of great integrity, honesty, humility and modesty – someone who continued working from home as a hobby in retirement. "I was always getting at Ken for undercharging for the knowledge and time he expended on what he did," Mr Royal says. Although they had no children of their own, the Powells adored the children of the wider family. "They lived simply but they were extremely generous with their time for others and the family. When you consider their lifestyle, the fact there are other recipients of the estate the size of the bequest to the foundation is quite amazing."
Assistant
Vice-Chancellor and University Registrar Stuart Morriss
yesterday thanked Mr Royal and the other estate executor
David Stephen, of Wanganui, for their work in winding up the
estate and ensuring the smooth transfer of the funds that
will enable ongoing provision of grants and scholarships for
students in line with the Powells' wishes.
"We're
incredibly grateful to Mr and Mrs Powell, and are privileged
to be able to develop a programme of scholarships that will
provide lasting benefits to generations of Massey students,"
Mr Morriss said.
The foundation, established in
2004 as Massey's registered charity, provides funding for
scholarships and research projects from donations and
bequests. It has about $15 million under management and aims
to raise about $2 million a year, with a goal of having $100
million endowed that will enable it to spend about $5
million a year on scholarships and projects that would not
otherwise be funded.
Director Mitch Murdoch says the
receipt of the Powell's endowment has been a very humbling
experience for staff. "For a couple that had no direct
connection with the University to choose to give it to
Massey for the benefit of future students is
amazing."
ENDS