Community foundations can provide a range of options for established or new foundations.You might be considering outsourcing part or all of your grant making, or putting your endowment in professional hands and taking it off your balance sheet.
Community foundations are the ideal place to resettle trusts that have become dormant, or have become too much work to actively manage. Your local community foundation can provide a tailored package where your Trust can benefit from their knowledge, reach and expertise. In New Zealand, where there are increasing issues with Trust sustainability, you may be looking to wind up your trust and/or find a guardian of the assets so that your Trust can continue to fulfill its objectives.
Either way, community foundations have a range of flexible options suited to your circumstances and enable your Trust’s charitable purpose to continue.