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Trust Transfers

Through our connections to the community and knowledge of the challenges they face, Hawke’s Bay Foundation will ensure that your Trust continues to give back to the community in ways that are meaningful, forever.

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What is a Trust Transfer?

A trust transfer or trust resettlement is a simple way to wind up a trust or a charity while still fulfilling the original purpose of that trust.

Operating a trust or charity has become increasingly challenging. Factors such as legislative changes, difficulty finding new trustees, investing risk and increasing compliance expectations have resulted in a number of trustees questioning the future. 

Transferring a Trust to Hawke’s Bay Foundation provides a simple and practical solution, allowing you to maintain the original intent of the Trust while handing over the responsibility of investing, compliance, governance and grant-making.

BENEFITS OF A TRUST TRANSFER

  • Make meaningful impact - we will work alongside you to understand your purpose and carry on the giving objectives
  • Grants are distributed every year, forever – creating a permanent funding stream for the causes you are passionate about.
  • Our strong community ties ideally place us to identify new beneficiaries (something made increasingly complex by changes to the Trusts Act)
  • Professional fund management - your gift will be responsibly invested and grown by our investment advisors Craigs.​
  • No loss of identity or purpose - retain the same name and mission but let us do the hard work.
  • A safe pair of hands - we will handle all ongoing compliance, governance and reporting, so you can rest easy knowing that everything is taken care of.
  • A cost effective model - utilise our low-cost structure and economies of scale, so your generosity can be felt for generations.
  • Avoid increased administration and reporting requirements (and their costs)
  • Preserving your Trust’s story - through tailored communications expertise, we will ensure your story is protected long into the future.
  • Annual updates ensure you (and your descendants) keep track of your fund’s earnings and the distributions that have been made.

Case Study

Napier Cadet Trust

Forty years after forming, the Napier Cadet Trust gave a final salute, vesting its remaining cash and investment assets to Hawke’s Bay Foundation to carry on the good work for local youth.

The Trust, known for running Napier’s Cadet Academy, was responsible for the rollout of military styled life skill training for at risk youth in Hawke’s Bay.

Treasurer of the Napier Cadet Trust, Gavin Earle says the recent transfer of the Trust’s remaining assets was a ‘no brainer’.

READ MORE

Testimonials

"The NCA has always been about helping youth in Hawke’s Bay, with a particular focus on those who have challenges in their lives and don’t have the same opportunities. Our Trustees are very comforted knowing that having passed the baton, The Foundation will ensure that these broad principles are continued in perpetuity."

Gavin Earle

Treasurer, Napier Cadet Trust

“Working with Hawke’s Bay Foundation gives us complete confidence that their community focus and stringent financial management will protect and grow our funds to generate a reliable revenue stream for many years to come."

Jeanette Kelly

Chair, MTG Foundation

HOW IT WORKS

  • Your Trust or organisation sets up a Named Fund with Hawke's Bay Foundation
  • You set the purpose of the new fund, which would likely align with your original purpose.
  • Grants are distributed every year, forever – creating a permanent funding stream for the causes you are passionate about.
  • Your Trust will benefit from our low-cost structure and economies of scale so your generosity can continue to be felt for generations to come
  • A portion of the income is distributed each year to the community while some income is retained to grow the fund.
  • Hawke's Bay Foundation produces annual reports of returns and distributions.

Hawke's Bay Foundation offers a simple, powerful and practical solution for the resettlement of Charitable Trusts.

We would love to chat. CONTACT US to discuss getting started.

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