Otago Community Trust enjoys a positive year 

  • 30-Aug-17
  • News Media Release

The Otago Community Trust invested $7.5 million into the Otago community over the last year. 

Around 80 people attended its Annual Public Meeting held in Dunedin on August 22. The Trust reported a positive year, its Investment Portfolio returning $22.5 million, representing a return of 9.2 percent. 

Otago Community Trust Chair Ross McRobie said the Trust’s investment goals are to return as much as possible to the Otago community through donations, while preserving the real value of the initial capital of the Fund to maintain equity between different generations of beneficiaries. This is achieved through careful investment activity.

As a result, total Trust funds at the end of the year rose to $280 million, allowing the donations budget for 2017-18 to be set at $9.4 million. The Trust noted however that almost $2 million of this is committed to the Central Otago multi-million-dollar cycle trail project that will connect Central Otago's trail network and create 500 kilometres of continuous trail network.

The Trust also launched its new funding framework and strategic plan, setting out the direction for the Trust over the next five years. Otago Community Trust Chief Executive Barbara Bridger outlined that the Trust is committed to moving towards becoming a more strategic grant maker. 

“The new proposed funding framework, due to be rolled out in the next 6 months seeks to balance the role of being a grassroots funder with also wishing to become a more strategic grant maker and wanting to work more closely with our donation recipients” Bridger said.

Prior to the Annual Public Meeting, Otago Community Trust Trustees held their regular August board meeting where over $300,000 in community donations were approved to 34 community groups across Otago.

 August donations included a $50,000 donation awarded to the Port Chalmers Historical Society to assist with the final stage of their redevelopment programme. This donation will allow a new collections store room to be built on the yard at the back of the Port Chalmers Maritime Museum.

A $18,000 donation was approved to assist the Dunedin BMX Club with asphalting a second berm and the community ramp at the clubs Forrester Park track. The Club has been successfully appointed host of the 2019 South Island BMX Championships and continues to upgrade the track to meet BMX New Zealand’s specification requirements.

Other donations across the region included $15,000 to Cromwell Kindergarten for assistance with their playground development; $3,000 to Parent to Parent – Otago Branch to support parent training initiatives specifically for parents of special needs children and $615 to the Down in Edin Magazine, a magazine that helps to promote arts, culture & tourism in Dunedin and Otago.

 

Otago Community Trust Community Donations, August 2017

Alexandra

Alexandra Elim Church Trust

1,000

 

Alexandra Bowling Club

3,540

 

Alexandra Blossom Festival Inc

4,000

Balclutha

Catlins Senior Citizens Club Inc

1,000

 

Kaitangata Community Centre Charitable Trust

50,000

Cromwell

Lowburn Hall Society Inc

5,294

 

Cromwell Kindergarten

15,000

Dunedin

Down in Edin Magazine

615

 

Peace People

1,000

 

Otago Secondary Schools Music Festival Society Inc

1,495

 

Kelsey Yaralla Kindergarten

1,945

 

Otago Southland Diabetes Research Trust

3,000

 

Parent to Parent - Otago Branch

3,000

 

Rotary Park Kindergarten

3,000

 

Otago Fish & Game Council

3,055

 

Grants Braes Kindergarten

4,000

 

Save the Otago Peninsula (STOP) Society Inc

5,847

 

Southern Heritage Trust

7,000

 

Vogel St Party Charitable Trust

8,000

 

Servants Health Centre Trust

9,300

 

Acts of Kindness Charitable Trust

10,000

 

Disabled Citizens Soc (Otago) Inc

10,000

 

George Street Normal School

12,415

 

Dunedin BMX Club Inc

18,000

 

Port Chalmers Historical Soc

50,000

Mosgiel

East Taieri School

2,500

Oamaru

Fenwick School

10,500

 

Maheno Rugby Club

15,000

Otago

The Brain Injury Assn (Otago) Inc

1,000

 

Tangata Whenua, Community and Voluntary Sector Research Centre

7,500

 

Massive Company Trust

3,000

Wanaka

Southern Lakes Arts Festival Trust

5,000

 

Wanaka Search and Rescue

12,190

 

Kahu Youth  Trust

15,000

 

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