Annual Report 2019
Posted on: 06/10/20
This year has been a fantastic year for the Northland Community Foundation with invested funds increasing to over $1.2 million, with our largest fund established so far. Craigs Investment Partners (Craigs) portfolio performance was also outstanding with returns of 11% for the last financial year (before fees and taxes). Approximately $400,000 was gifted to the Northland Community Foundation from the Whangarei Hearing Association and Alice O’Keeffe Bequest. The funds will be invested for perpetuity and the interest earned from the invested funds will be distributed annually to Deaf Aotearoa – Whangarei Branch to identify Whangarei residents in need. Other Northlanders also showed their support for our community by donating to the Northland Community Foundation during 2019. Donations varied from small to large, one-off to ongoing, all providing support for their community forever!
We had an anonymous donor donate $100,000 to the Northland General Fund in 2019. The fund will be invested forever, and interest delivered out annually. The interest will be delivered out via the annual Northland Grassroots Funding round. It is difficult to know what the needs of Te Tai Tokerau will be in 100 years, therefore donations to the Northland General Fund will ensure the opportunity for flexibility and change depending on the future needs of our community.
Donors that gift to NCF also often have a special interest that they would like to give to, for example, the Northland Sport Fund and Brent Eastwood’s bequest to the Kauri Club Fund. The Northland Sport Fund continues to grow through donations, with staff members also recently deciding to establish payroll giving into the fund. In total NCF now has 29 funds established (Managed and Promised Funds), and six new funds established in 2019.
A highlight for NCF is the annual distributions of the Northland Grassroots Fund. In 2019 NCF gave $91,500 to 13 charitable organisations. This was mainly due to the Tindall Foundation regional funding, but also due to generous Northland donors. A total of 34 applications were received in 2019 requesting a total of $410,032. Services funded included early years support for children and parents, youth programmes, victim support, family support, emergency housing and cultural programmes.
We now have over $1.6 million funds invested and under management, $13 million promised gifts through wills, 1.5 full-time employees, and have gifted back to the community $4.8 million since its establishment in 2008!
Click here (or the picture below) for a link to the full PDF Annual Report 2019: ANNUAL-REPORT-2019-Final-001 (1)
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