Housing initiatives and community groups stand to benefit from Rotorua Trust’s recent decision to inject an additional $1m into its pool of funding this financial year.
This extra funding will allow the Trust to do even more for the local community during these challenging times and was made possible thanks to its prudent financial management in recent times.
The decision to split the funding between extra community grants and housing initiatives is In line with the Trust’s key goal to distribute funds in a way that balances the needs of today while maintaining a legacy for the future.
One of Rotorua Trust’s founding principles is to ensure that the Trust’s beneficiaries are treated equitably over the life of the Trust and intergenerational equity is maintained.
Supporting key initiatives now – whether they be environmental, educational, wellness or infrastructure – can have a positive impact on the community for many years to come.
Trustee Gregg Brown heads the Investment Committee, ensuring a strong governance focus is maintained on the performance of the Trust’s investments and financial dealings.
Mr Brown says the strategic allocation of this additional funding will benefit the community in multiple ways.
“Rotorua Trust recognises housing is one of the biggest social issues facing our community right now. By investing in solutions now, we stand a chance of securing a better future for the next generation.
“Just as importantly, we understand there are a plethora of community groups doing fantastic things to support our residents and we want to be able to give them the support they need to continue their mahi.
“It’s not always easy finding the balance between funding initiatives that have immediate pay-off, and those that will yield positive results in the future. However, when that balance is struck, it’s a win for everyone.”
Rotorua Trust Chairman Stewart Edward says careful financial management has led to the Trust’s ability to inject additional funds into the community.
“Everything Rotorua Trust does is in service of the community we live in and we are thrilled to be in a position to help more people.”