How Rotorua benefits from a Community Foundation
The Geyser Community Foundation is a nonprofit charitable organisation which provides a way for the people of Rotorua toestablish charitable funds without having to incur the large administration costs of creating their own charitable trusts.

The Foundation is based ona successful overseas model. Internationally, millions of dollars are overseen and distributed through similar charitable foundations.

Using the Geyser CommunityFoundation provides cost savings and tax benefits. The Foundation’s sole focus isto benefit the Rotorua community as directed by the wishes of donors.

Gifted money can be placedin a Named Fund with specific rules for its use and distribution. These ruleswill be followed long past the lifetime of the donor or individual trustees.The Named Fund will provide on-going benefit to the donor’s chosen charity.Geyser Community Foundation’s experienced Trustees will ensure that a sound investment strategy is followed as part of the fund management role of the Foundation.

The Geyser CommunityFoundation’s fund management role could also benefit many other non-profit andcharitable organisations in Rotorua. Volunteer Boards of charities who have receivedsubstantial sums of money from donors may not have the expertise or experience toinvest and manage these funds effectively. Geyser can provide a vehicle for thefunds to be invested. The returns on the funds are directed back to the charityaccording to its wishes. This removes the pressure from the Board of thecharity to agree on investment policies. Setting up a Named Fund within Geyser takessome of the funds held by the charity out of its financial statements and maymake fundraising easier.

The Geyser Community Foundationhas also created a general fund called the Geyser Fund. This fund will eventuallyhave grants available for charitable causes in the Rotorua community. It is theperfect vehicle for donors who wish to support their local community but who wouldprefer to let their money be directed where it is most needed by a committee ofthe Geyser Community Foundation who is well-informed on the community’s needs.

The international model onwhich the Geyser Community Foundation is based has built up a reputation ofproviding a sustainable, ethical and professional way of managing donations andbequests in perpetuity. Donors are confident that their funds will benefittheir chosen charity in the long term.

If you would like to know more about how the Geyser Community Foundation can help youwith making charitable donations or managing the funds of your favouritecharity, please contact me as Executive Officer on 07 349 7496 or  This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .

 

 


Geyser Community Foundation, P.O. Box 1742 , Rotorua 3040, New Zealand | Phone : 07 349 7496 | Mobile: 0274 909 786 | Email: info@geysercommunityfoundation.co.nz