“Establishing a fund with the Geyser Community Foundation provides a powerful way for all of our supporters, including former clients to make contributions, as well as bequests and endowments in their wills at any time.
“Donations made to the fund will be managed by Geyser and the capital retained forever.
“Once our fund reaches its investment target, the interest earned will benefit the service year on year, forever.
“The money will be used where it is most needed to keep the service running.”
Geyser is responsible for the administration, investment, compliance and governance of the fund, on behalf of the Taupō Budget Advisory Service.
“We hope local people, particularly those who have received budgeting advice and assistance from us will give back by making contributions to our new fund.”
Donations of any size can be made at any time by direct banking or by credit card through Geyser’s website www.geysercf.org.nz
Geyser will issue official donations receipts to all donors.
Taupō Budget Advisory Service celebrated the launch of its new brand and new endowment fund with events in Taupo and Turangi in November 2022.
Geyser’s Chairman, Helene Phillips congratulated the Taupō Budget Advisory Service for choosing to establish a professionally managed endowment fund with the Foundation.
“The perpetuity model ensures a sustainable income stream meaning the fund will return far more to the service over time than a one-off donation.
“People who want to help the service assist others will appreciate being given another, more strategic option for supporting this important local community service.
“Over time the fund will strengthen Taupō Budget Advisory Service and enable trustees and staff to spend more of their energy on their core business and less on fundraising.
Ms Phillips said 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 run entirely by volunteer boards made up of local people; we run a lean model so we can keep fees low.”