AORAKI FOUNDATION
For Aoraki, For Good, For Ever
NEWSLETTER
April 2013 ~ Issue One
MRI Opening
The SCDHB held the official opening of the
MRI Machine and Building on the 15th
March 2013. It was a wonderful celebration
and a time to thank South Canterbury for
their outstanding contribution to the
campaign.
speaks volumes for the character,
determination and generosity of all those
listed in the donor book and
acknowledgement board and of those
members of the many organisations who
assisted in achieving the dream.
The Aoraki Foundation thanks Ron and his
team for making the campaign a reality.
Our Endowment Focus going
forward
The Aoraki Foundation's primary goal is to
provide a simple, effective and long-lasting
way for individuals and families to leave
legacies to local causes, and to ensure these
gifts will achieve maximum benefit into the
future.
Ron Luxton, Chairman of the MRI
Fundraising Strategy Committee, Aoraki
Foundation Trustee, and Chairman of the
newly established Aoraki MRI Trust thanked
all the individuals, organisations and
businesses for their tremendous generosity,
compassion and community spirit shown by
the people of South Canterbury in raising the
funds required to purchase and house the
MRI Diagnostic machine.
Ron also mentioned and thanked the
dedicated, respected and enthusiastic MRI
Fundraising Strategy Committee, for their
personal commitment to the campaign. The
people of South Canterbury responded
magnificently to the call to raise those funds
necessary to provide an MRI Machine for use
by all in the South Canterbury region. The
result is the machine and building,
dedicated to preserving and improving the
health and well being of all in the region
without the need for extensive travel or
periods away from home. The fact that the
funds were raised in a very short time and
the final figure exceeded the original target
Our principle objective
The Aoraki Foundation aims to encourage
people to establish their own Named
Endowment Fund (which will be similar to
their own charitable trust); which will be
funded in most cases by way of a legacy, and
then assist in the management of this fund.
As part of our overall objective, we are
committed to:
1.
Providing long term, stable
stewardship of donors funds through robust
Trustee appointment processes and
professional management
2.
Accessing the best possible
investment advice by ensuring that the
highest calibre investment managers are
used
3.
Accountability through annual audits
and transparent reporting processes to
donors and the community.
What is a Named Endowment Fund?
This is an endowment fund that can be
established during the donor's lifetime or on
his/her death.
PTO
1.
Only the income from the Fund will be
distributed and this will be on an annual
basis; so the capital remains intact forever so
the giving continues forever.
2.
The donor can direct which
charity/charities the income is to be
distributed to; or may leave it up to The
Aoraki Foundation to decide which charities
are to benefit.
3.
Each year when the distribution is
made, the recipient(s) is advised which Fund
the gift has come from, providing a lasting
acknowledgement.
If you would like to know more about
establishing a Named Endowment Fund with
the Aoraki Foundation or assisting a client
with the setup of an Endowment Fund with
the Aoraki Foundation please contact me
directly and I can meet with you. Stacey
Scott, Executive Officer, Aoraki Foundation
on 021 688 588.
SCDHB Health Endowment Fund
Look out for official news of a Health
Endowment Fund being established by the
South Canterbury District Health Board.
The Aoraki Foundation are currently
finalising the establishment of the Fund with
the SCDHB and together will be in a position
to make the announcement to the South
Canterbury Community in May 2013.
A few highlights
Sir Stephen Tindall discussed the Tindall
Foundation's approach to catalytic and
strategic philanthropy alongside Emily Tow
Jackson, of the Tow Foundation in the
United States, who shared how their work
transformed the juvenile justice system
through influencing public policy.
Many discussions were had around creative
philanthropy – the use of social media and
other new technology tools for giving – and
the rapid rise of social innovation, social
entrepreneurs and young philanthropists.
Kevin Murphy from the Berks County
Community Foundation in Pennsylvania,
discussed his approach to agitating for
change and on how to involve young people
in philanthropy, by giving high school
students the power to decide how to spend
grants in the community.
Community Foundations of NZ
A steering committee was established
together 12 months ago to set up a national
body for Community Foundations
throughout NZ. Our own Stacey Scott has
been on this steering committee and whilst at
the Philanthropy NZ conference the first
AGM was held and Community Foundations
of NZ was born. Stacey was appointed as a
trustee and will continue her work with this
group. Regular updates will be provided in
our newsletters.
Philanthropy NZ Conference 2013
Nigel Davenport and Stacey Scott attended
the Philanthropy NZ Conference in
Wellington this month. The 2013 Conference
theme was “Doing More than Giving” – a
theme that reflects how philanthropy has
radically transformed over the past 20 years.
A lot of talk was on how organisations are no
longer content to simply give out money,
many philanthropic organisations today
have their own vision and will offer time,
expertise and ideas to help their chosen
cause flourish. Organisations now evaluate,
gather people together and advocate,
creating strategic partnerships that can be a
powerful force for good in our communities.
Website Upgrade
Over the next few months our website is
having a makeover. Watch this space in our
next quarterly newsletter to view our
improved website.