Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Marking 25 years of NZ Community Trusts work

Hon Dr Jonathan Coleman
Associate Minister of Finance

7 August 2013

Marking 25 years of NZ Community Trusts work

Associate Minister of Finance Jonathan Coleman says New Zealand’s Community Trusts have made a significant contribution across New Zealand during the last 25 years.

“I would like to congratulate all 12 Community Trusts on 25 years of grant-making in support of their local communities,” says Dr Coleman.

“The Community Trust network is committed to supporting local communities, helping to make a difference where it really matters at a local level. Much of their success comes from their strong local connections and a commitment to community-led responsiveness.

“The Trusts have shown innovative and competent leadership, successfully managing assets in a volatile economic environment, as well as making strategic investments in community facilities and infrastructure. Through sound management, the Trusts have made a combined total of $1.9 billion in grants to community organisations, while at the same time building up their combined assets to $3 billion.”

The Community Trust network was set up in 1988, with each Trust given ownership of the trustee savings bank in its region. The majority of the Trusts sold their bank shareholdings and invested the proceeds in a more diversified manner to produce an income stream to fund grants in their region.

Trustees are appointed by the Associate Minister of Finance, and are selected based on their local and community knowledge, their skills and experience, and their commitment to philanthropy.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Why New Zealand Needs To Change Its Defence Habits

In a flashback to the military displays of days gone by, one of our frigates recently joined a Carrier Strike show of force in the South China Sea, en route to a joint military exercise in Singapore with our traditional allies, called BersamaGold21. Reportedly, Anna Powles, from the Centre of Defence and Security Studies at Massey University felt this to be a case of us doing our bit to uphold international law, and the right of free transit through the region in question... More>>

Government: New COVID-19 Protection Framework Delivers Greater Freedoms For Vaccinated New Zealanders

Vaccinated New Zealanders will regain everyday freedoms when the country moves to a new simplified COVID-19 Protection Framework that doesn’t rely on nationwide lockdowns as the main measure to stop the virus spreading. In a suite of announcements that establish a pathway out of restrictions the Government is also providing up to $940 million per fortnight to support businesses through the challenging period... More>>



Government: Responds To Independent Review Into WorkSafe

The Government has clear expectations that WorkSafe must action the recommendations of the independent review into the regulator to improve its management of adventure activities following the tragedy at Whakaari White Island, Workplace Relations and Safety Minister Michael Wood says... More>>

Government: New Zealand Secures Historic Free Trade Deal With The United Kingdom
New Zealand and the United Kingdom have agreed in principle the details of a historic Free Trade Agreement (FTA), which will further accelerate our COVID-19 economic recovery say Prime Minister Jacinda Ardern and Minister for Trade and Export Growth Damien O’Connor... More>>


Ombudsman: Launches Investigation Into MIQ Booking System
The Chief Ombudsman Peter Boshier is launching a broad investigation into the Managed Isolation and Quarantine (MIQ) booking system after receiving hundreds of complaints... More>>


Pay Cheque To Pay Cheque: Half A Million New Zealanders Have No Savings
New findings from the Consumer NZ sentiment tracker found that 15% of New Zealanders had no savings, and a further 27% were anxious about their level of savings and would like to have more tucked away... More>>

Government: Mandatory Vaccination For Two Workforces

Large parts of two workforces critical to preventing the spread of COVID-19 will be required to be vaccinated, COVID-19 Response Minister Chris Hipkins said today. “Our education and health and disability workforces have done an incredible job throughout this pandemic to keep themselves and people safe,” Chris Hipkins said.... More>>

Green Party: Deeply Concerned Space Launches May Be Breaching Nuclear-free Laws

The Green Party is deeply concerned that space launches by Rocket Lab may be breaching nuclear-free laws, given our long-standing position as a signatory of the Nuclear Non-Proliferation Treaty... More>>




InfoPages News Channels