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FAQs

Your questions answered ...

Q. What is the Geyser Community Foundation?

Geyser is an independent, local, not-for-profit charitable trust whose main role is to encourage charitable giving in the Rotorua and Taupo communities.  We provide specialist fund management and grant making expertise to a variety of local people like you who want to contribute to our communities' long term development.

Q. Why would I give through Geyser instead of giving directly to a charity?

Direct donations are often spent immediately so are then gone and possibly forgotten.  A donation made via Geyser goes on giving forever.  The capital is never spent.  As your Fund grows, the interest it generates supports your chosen charity (or charities), or charitable cause while preserving the capital.  Your donation continues giving every year rather than just being a one-off.

Q. How do I know what amount to leave when I don't know how long I will live for and what will be left?

You don't have to be specific.  Consider leaving a percentage of your estate or making Geyser an additional child in your will.

Q. I have a Trust, so what benefit would there be in giving through Geyser?

Using Geyser for your charitable giving minimises the burden of the management of your Trust after you and your advisers have passed on.  There are also obvious economies of scale which lead to savings in administration and fees meaning more money for your chosen charity or charitable cause close to your heart.

Q. Can I contribute in a limited way during my lifetime?

You may choose to give a little every year working towards building up a Named Fund (minimum $50,000) either during your lifetime or beyond.  What you have donated will earn interest and you can claim a tax credit of one-third of all donations you make during your lifetime up to the level of your annual taxable income.

Q. How much do you charge?  What are the costs?

We try and keep our costs to a minimum.  Each Fund attracts an annual management fee of 1% of the capital value of the Fund.  This covers all administration, grant assessment, investment management and governance.

Q. Where can I make grants / what area do you cover?
We encourage gifts that benefit the Rotorua and Taupo district communities.  Donations can also be made to any charitable organisation or for any charitable purpose in New Zealand.

Q. Can I decide where the money from my Fund goes?
Yes, you set criteria for your Named Fund and we will work with you to identify the recipients of gifts from your Named Fund.  All gifts are ratified by our Board of Trustees.

Q. Does my Fund need a separate set of trustees?
No.  All the grants are ratified by our Board of Trustees.

Q. What is a bequest?

A bequest is a gift made through a will.  The donor may or may not specify how the funds are to be used.

Q. What is an endowment?

An endowment is a sum (usually in the form of a bequest), which is invested so that the capital sum is not spent but generates an annual income stream.  The annual income is used for charitable purposes as specified by the donor.

Q. I'd like to give through the Geyser Community Foundation.  What do I do now?

Give us a call on 07 349 7496 or email us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it   We can talk about what you want to do and how we can make it happen.

 

 

 


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Geyser Community Foundation, P.O. Box 1742 , Rotorua 3040, New Zealand | Phone : 07 349 7496 | Email: info@geysercf.org.nz