Annual Report 2020

Posted on: 06/07/21

NCF’s invested and managed funds increased during 2020 to $2 million, and we have had our largest annual distribution of grants and donations to the community since inception. Considering the difficult financial year for the economy Craigs Investment Partners (Craigs) portfolio still returned a positive year at 5.86% (before fees and taxes).

In total NCF now has 23 managed funds and 24 promised funds established. Northlanders continued to show their support by donating to NCF during 2020. Donations varied from small to large, one-off to ongoing, all providing support for our community forever!

An annual highlight for NCF are the distributions of the Northland Grassroots Fund. In 2020 NCF gave $88,540 to 11 charitable organisations. This was mainly due to the Tindall Foundation regional funding, but also due to generous Northland donors. A total of 40 applications were received in 2020 requesting a total of $451,500. Some of the organisations supported included: Bream Bay Community Support Trust, Road Safety Education Ltd, Rainbow Youth Inc, Whangarei Budgeting Service and Toi Ngāpuhi.

We now have $2 million funds invested and under management, $18.4 million promised gifts through wills, 1.5 full-time employees, and have gifted back to the community $5 million since its establishment in