Local children will benefit from the new fund established by the Taupō School of Music with the Geyser Community Foundation.
Chair of the Music School’s Board of Trustees, Tracey Lidington said the endowment fund was part of the School’s long term funding strategy.
“Donations made to the Fund will be managed and invested by the Geyser Community Foundation on behalf of the Taupō School of Music and the capital retained forever.
“It provides a special and powerful way for trustees, tutors, students, supporters and members of the public to make contributions, including bequests and endowment in wills at any time.
“Once our Fund reaches its investment target, the interest earned will benefit the School year on year, forever.
“Geyser looks after all of the administration, investing, compliance and governance of the Fund, and the School gets the benefit.
Established in 1989, the Taupō School of Music provides a great opportunity for children to learn about music.
“Children love music and there is now considerable research linking our academic and all-round success as human beings to learning to play a musical instrument and being involved in musical activities as a child.
“We provide affordable lessons with tutors who inspire our young people to be the best that they can be.
Ms Lidington said the annual income could be used in a number of ways for the benefit of students such as providing scholarships and prizes for outstanding achievement, providing or improving resources such as instruments and other facilities at the Music School.
“We are hoping local people will jump on board and help us by making donations to the new Fund.”
Donations of any size can be made at any time by direct banking on Geyser’s website https://geysercf.org.nz/donate/
Geyser will issue official donations receipts to all donors.
Geyser’s Chairman, Helene Phillips said the Foundation was honoured to have been chosen by the Taupō School of Music to manage the Fund in perpetuity.
“Community foundations are the fastest growing form of philanthropy in the world.
“We’re different because we’re not about one single cause; we’re about a place and its people.
“Based on a well-established, globally successful model, the network has been growing in Aotearoa New Zealand since 2003.
“Community foundations are independent, not-for-profit organisations; we run a lean model so we can keep fees low, and we are governed entirely by volunteer boards.
29 June 2022
