Chairman's Annual Report 2017
It is my pleasure to report on the year’s progress of this emerging philanthropic organisation. A year of quiet achievements. A year of careful steps forward. A year of getting ourselves known within the wider community.
Executive Officer Kay Boreham worked tirelessly with endeavours to build up the Foundation’s profile and to make contact with potential donors.
Starting from a small base has been a demanding task, so it is gratifying to have received a substantial legacy donation plus indications of another in the pipeline. There are several more interested parties enquiring about named donations and the Tindall milestones are almost reached. The Trust received a ‘one off’ payment from the Tindall Foundation early in the year and upon reaching their milestone, another contribution will be a welcome revenue. Each potential Named Endowment / Donor Fund takes time to prepare and work with the donor to ensure the Foundation will meet the future expectations of the donor.
An “up to date” on the progress against the Tindall Milestones are :”-
Target----10; Current; 9.
Funds under Management;
Target----$300K; Current; $221K.
Target; $1.5M Current Exceeded target.
At the beginning of the year negotiations took place with Toni Owens of Focus Chartered Accountants who agreed to take up the accounting function on a pro bono basis temporarily. This has been an excellent service for us and is greatly appreciated.
Discussion through the year was held with Craig and Co and the neighbouring Foundations, both Acorn and Geyser to look at closer collaboration and using their investment funds as the vehicle for our invested funds. As Craig and Co are in discussions with Community Foundations of New Zealand which may lead to an opportunity to join with other Foundations in a Major Managed Fund, no further progress has been made pending the outcome of these discussions.
For the past year planning has been underway with other Foundations and in our case the Eastern Bay Energy Trust to be the promotor of the Vital Signs Research project covering the Eastern BoP. This became a protracted negotiation which has seen the survey stage of the project implemented after this financial year.
The Foundation participated in Business and Leisure Show in the Whakatane Memorial; Hall in August. This proved to be a most worthwhile 3 days as the profile of the Foundation had good exposure and many interesting discussions and contacts were made. I would particularly thank Kay for setting the booth up and leading the team of Trustees through the weekend.
There was a delegation from our Foundation attended the Community Foundations of NZ Conference in Wellington in September . This two day annual event is of immense interest to individual Trustees as there is the opportunity to meet with Trustees from all around NZ and to gain a great deal of knowledge from those who have been established for some years. Additionally of course, the workshops and the papers presented are of significant interest.
It was with regret that at the year end the Trustees received the resignation of Kay who wished to again move to full time employment. We must record with enthusiasm our gratitude to Kay for the manner in which she picked up the Executive Officer role and made significant progress for the Foundation within the community and in gaining many contacts some of which she turned into positive meaningful donations. Kay ensured the Foundation prospered on all fronts and we record our heartfelt thanks for the job well done. Kay introduced Rosemary Sloman to us as a possible replacement Executive Officer for the Foundation. The Trustees were pleased to be able to appoint Rosemary who has quickly come to grips with the role and is continuing to lead us in a positive manner. I am sure the Foundation will continue in very good hands and the positive growth will be ongoing. We welcome Rosemary and look forward to working with you.
In concluding I thank all the Trustees for their diligence in their role with the Trust. It has been a pleasure to be a Trustee working with you all, who with your variety of skills, form a sound group to further the interests of the Foundation. I especially wish to acknowledge the Trustees who have been able to bring substantial donations / legacies to our fund for management. All have brought names forward for the Executive Officer to engage with, but substantial funds are really motivating to all of us. Gae, we all thank you for your diligence and patience while recording the minutes and then for the delivery of the Trustee Meeting papers. It is such a help having the best minute taker in the District. To our two Executive Officers, our sincere gratitude as without you we would go nowhere. Rosemary we look to enjoy some great progress under your leadership and I am sure there will be many positive outcomes in the interests of locals within the community and the flag of this Foundation will fly higher.
Chairman. 29th August 2017.
Involvement of Local Business
Thanks to : Eastern Bay Energy Trust, Kawerau District Council. Whakatane District Council, Opotiki District Council, Diverse Graphics, Focus Accountants, Glenn Smith, Kay Boreham , Lowes Hire and Engineering, trustees and generous donors.
Proud to be affiliated with Community Foundations of New Zealand
Support throughout New Zealand is increasing the momentum of 'living gifts' and bequests via the network of Community Foundations in New Zealand.
Twenty years of generously supporting communities throughout New Zealand. Strong supporters of Community Foundations.