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Resettling Trusts

We offer simple, flexible and efficient solutions for charitable trusts. 

In New Zealand, recent law changes mean that many local trusts are facing a changing environment. There are many reasons why a charitable trust may find itself languishing, including:


  • It's difficult to identify beneficiaries or spend the income of the trust;

  • Current trustees are ageing, and it's becoming difficult to attract new trustees;

  • The legal/compliance/reporting requirements are becoming too cumbersome;

  • The work of administering the trust is becoming too onerous for the size of the fund;

  • The trustees wish that they knew more about local issues and funding opportunities.

  • Many trusts are looking for solutions to make themselves more relevant to the present and future need of our community. In some cases, it’s important to prevent the further erosion of charitable gifts that were made by previous generations of philanthropists, as well as to give confidence to current donors that the gifts they make will be managed cost-effectively for their intended charitable purpose.




Benefits of resettling an existing trust within the Wakatipu Community Foundation’s endowment fund structure include: 

1.   Plug into our existing organisation for a simple and stress-free transfer

Annual reports, Charities Service registration, and ongoing compliance are already handled.  Fund setup is simple and straightforward.  Once funds are transferred and the intended purpose of the fund set, fund holders can concentrate on the pleasure of giving to the causes they are passionate about.


2.   Retain an existing brand

Fund holders choose the name and the purpose of the fund, knowing that the Wakatipu Community Foundation is supporting effective philanthropy in the background.


3.   Professional fund management

Tap into the financial expertise of Craigs Investment Partners, using a team who is managing the Wakatipu Community portfolio, with oversight from our highly experienced Investment Advisory Committee. 


4.   A partner with granting know-how

 We granted over $1M the community organisations in 2020 on behalf of our donors, we know where generosity gets the best results.  Extensive research and relationships with other local funders ensure that a donor’s philanthropic interests are met. 


5.   Governance

The Wakatipu Community Foundation has a well-established Board of Trustees and Committee members with diverse and complementary skill sets and in-depth knowledge of the local community. Fund holders still determine their on-going level of input into their fund. 


6.   Ongoing costs

The Wakatipu Community Foundation takes an annual 1.4% fee (includes a .4% investment management fee).   There are no additional legal, tax, accounting, insurance, staff, or record keeping costs.

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Transferring a trust to the Wakatipu Community Foundation provides a simple and effective option.  Our low-cost structure enables capital to remain intact and protects it against future inflationary pressures, while returning income from the investments back to our community.

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Resettling Trusts

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