T R U S T W A I K A T O
A N N U A L R E P O R T 2 0 1 1 / 2 0 1 2
Chair
,
s
Report
The Trust has established strategic
partnerships with Poverty Action Waikato,
Volunteering Waikato, Te Hauora o Ngati
Haua and Hauraki Maori Trust Board,
because their work fits closely with the
donation priorities of the Trust. Three of
the largest donations in 2011 went to Sport
Waikato, Community Waikato and Arts
Waikato, all of which contributed to building
the capacity of the community and voluntary
sector in its region.
Significant capital donations were made to
the South Waikato District Council for the
Sport and Events Centre in Tokoroa, the
Hamilton Christian Men’s Nightshelter and
Te Whakaruruhau Maori Women’s Refuge.
At the same time, the Trust continues to
make many small donations because it
believes that an active community and
voluntary sector encourages participation
and inclusion in communities. The
Trust contributes to a very wide range
of sports, recreation, social service,
community development, arts, cultural and
environmental groups, in every part
of its region.
Governing well
The Trust has a strong focus on effective
governance with many opportunities
provided for governance development.
During the year, the Trust formally reviewed
its financial and investment governance.
Trustees of Trust Waikato are appointed by
the Minister of Finance. During the year,
the term of Angus McConnell ended, after
4 years service. Judi Muru was reappointed
for a second 4-year term. Two new trustees
were appointed: Niwa Nuri and Lynnette
Flowers. The Trust is also well-served by an
able and dedicated group of staff.
Trust Waikato is privileged to serve the
communities of our region both through
investing the capital of the Trust and
donating to the many community and
voluntary groups that help build resilient
and vibrant communities.
Tena koutou katoa – Greetings to you all
I am
pleased to report on the
activities of Trust Waikato for
the year ended 31 March 2012.
Trust Waikato has a vision of resilient
and vibrant communities throughout the
region it serves. In contributing to that
vision, the Trust aims to invest wisely the
capital fund with which it is entrusted and
to donate effectively the proceeds of those
investments to benefit current and
future communities.
Investing wisely
The Trust’s investments returned 6.07%
in the financial year and at 31 March
2012 the Trust assets were valued at over
$261.5million. Established in perpetuity, the
Trust aims to grow the value of the capital
fund to keep pace with both inflation and
population growth in the region, as much
as possible, so that the fund is worth just
as much for future generations as it is for
current communities. At year end, the Trust
had made significant progress in rebuilding
the value of the capital fund following the
falls during the global financial crisis, with
some small distance still to go.
The Trust’s investments are spread across
a range of asset classes: global equities,
Australasian equities, unlisted property,
infrastructure, global fixed interest, New
Zealand fixed interest and cash. The
portfolio is well diversified by asset class
and fund manager, with the allocation of
assets designed to achieve the Trust’s
goals of long-term capital growth and
current donations to communities. As a
signatory to the Principles for Responsible
Investment, the Trust continues to consider
ways in which environmental, social and
governance issues may impact on both
investments and communities.
Donating effectively
At 31 March 2012, the Trust, since its
inception in 1988, had donated more than
$125million to projects and groups around
the region. During the 2011/2012 year, the
Trust committed approximately $7.08million
of donations to a range of projects and not
for profit organisations.
During the year the Trust continued to
focus its donations on community groups
and projects that support children and
families, and those communities that
struggle the most.
Trust Waikato is
privileged to serve
the communities of
our region
Clint Baddeley
Chair, Trust Waikato
c h a i r ’ s r e p o r t
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