Progressing the Vision

Progressing the vision

Kelvyn Eglinton
CEO
Momentum Waikato Community Foundation
11 April 2018

At recent Institute of Directors conference the Minister of Finance, the Honorable Grant Robertson, noted the aspiration of the Labour Government to define the success of New Zealand, not simply by Gross Domestic Product growth and economic data, but by also including the way in which we address our national social and environmental measures.

The concept of utilising the Living Standards Framework to identify key measures that New Zealand should address and setting targets for how the whole of government should seek to impact positively on social issues is a key step change for New Zealand as a country.

Already we have seen the Prime Minister set Child Poverty reduction targets within Treasury and other departments. Additionally, the Minister stated that to resolve these issues, business leaders and government were going to have to partner with the social sector.

Importantly this provides an avenue for philanthropy and Community Foundations throughout New Zealand to align the needs of their communities with their generous donors and thoughtful gifting, with the government and business focus areas.

Here at Momentum Waikato, and through the evidence-based and robust Vital Signs process, we have a clear approach to identifying the region’s aspirations and issues for resolution.

And it is through the act of giving that we seek to leverage other investment to make profound change in society for the betterment of the Waikato community and make ‘a better Waikato for everyone; forever’.

To do this we are focused on three main objectives:

  • Building a Long-Term Endowment – The Waikato Future Fund such that the fund generates returns that can be granted to change agents within our communities in perpetuity.
  • Secondly, we want to link generous donors to issues and subjects that matter to them and in doing so leverage other donors who have the same interests and leverage greater returns for the donors and the agencies.
  • And thirdly, we want to drive and support transformational projects and programmes, our current project being the Waikato Regional Theatre. Future identification of regional transformational projects will form a pipeline of opportunities to leverage partner funding.

We see philanthropy as thoughtful giving – the philosophy being that we seek to make significant investments and grants to change agents who will make disruptive change and positive impact to issues that are important to society and the environment.  Key to this is the linking of donor centric interests to the evidence-based Vital Signs findings.

Momentum Waikato is also keen to explore how innovation can be utilised to impact on social issues.  How can creativity and execution of ideas be supported by philanthropy to positively impact change?

To be able to lead this organisation, in a time where the communities need to leverage all of our collective wisdom in new and innovative ways, is a great opportunity.  To build on the work of the previous CEO Cheryl Reynolds and work with the current team to progress the vision of Momentum Waikato is exciting.

We look forward to sharing our journey with you and learning from you as we go about making Waikato the most generous region on the planet.

Welcome Wakatipu

Welcome Wakatipu Community Foundation

Stacey-ScottStacey Scott
Chair
CFNZ
15 March 2018

“He aha te mea nui o te ao
– What is the most important thing in the world?
He tangata, he tangata, he tangata
– It is the people, it is the people, it is the people”.
Māori proverb

We are immensely proud to be involved in the launch this week of New Zealand’s newest Community Foundation – Wakatipu Community Foundation, based in Queenstown. The Wakatipu basin have identified a gap in their community, the need for a vehicle to channel the region’s generosity in a strategic way – both individual and through business. They are seeing the magic that is happening across New Zealand in communities such as Northland, the Bay of Plenty, Gisborne, Taranaki and Ashburton (to name a few) and want their community to be a part of that magic, that spark that begins with generous people in communities wanting to give to local causes and initiatives, and being able to do so in an effective and impactful way.

It’s also fitting that Sir Stephen Tindall will be at the launch in Queenstown. Sir Stephen, widely known for his community spirit and philanthropic endeavours, has been the driving force behind the growth of Community Foundations in New Zealand. He recognised their immense success overseas, particularly in the USA and Canada, and that Community Foundations had the potential to be changemakers in communities here. Through the Tindall Foundation Sir Stephen backed Community Foundation establishments in the early days (starting with the Acorn Foundation in the Western Bay of Plenty) and has backed their growth ever since.

That is what we are all about at Community Foundations; we channel the generosity of thoughtful people to the causes that matter most in the community. It not only strengthens the community it empowers people within them to become instigators of change.

As we reflect on the immense energy and drive we see across New Zealand, changing communities by channeling resources to where it is needed most, we wish Wakatipu Community Foundation, and the people of the area,  every success!

 

Generosity can be as personal as it is impactful

Generosity can be as personal as it is impactful

Eleanor Cater
Community Foundations of New Zealand
22 February 2018

With 15 – very soon to be 16! – Community Foundations spread across New Zealand we are seeing local people catching on to the importance of personal generosity shaping communities.

Community Foundations assist generous people to be changemakers and to have an impact locally. They enable people to realise that change really is within their sphere of influence, and not something that is just for the rich, the famous or the politically-minded.

They enable people to be not just locally-focused but cause-focused, enabling gifts that will benefit the community for generations to come.

There is a strong history of philanthropy in New Zealand, and there is a great deal of wealth that will change hands from this generation to the next. There is also an immense sense of attachment to a place which is held by people who have grown up, chosen to live and dedicated their lives to building a strong local community.

It’s a crucial niche that links generous, philanthropic people with community causes that matter. Community Foundations exclusively fill that niche enabling people to give in a strategic way, together with the surety that donations from their precious life’s work will be well cared for and continue to give forever.

Community Foundations are the natural funding choice with local impact, able to assist with intergenerational wealth transfers and invest back into the community with purpose. And, make no mistake, Community Foundations of New Zealand members must exhibit immense expertise and sound governance to give the confidence for generous people to give in this way. We are proud that our members across New Zealand do all of that.

If you would like more information on what your Community Foundation can do for you and local causes that you care about, contact us today to talk through your options. There are many ways to give and your generosity can certainly be as personally meaningful to you as it is impactful in your community.

 

Celebrating Women’s Generosity

Celebrating Women’s Generosity

Dellwyn Stuart
CEO, Auckland Foundation
2 February 2018

Female-led social impact is nothing new here in NZ  – this year we celebrate 125 years of world leading women’s suffrage!  But we are relative latecomers to celebrating female philanthropy.  Last year my attention was drawn to the number of funds held by community foundations around the world that focussed on women’s generosity.  At least 150 exist, putting women in the driving seat of granting in their communities.

The drivers of this worldwide movement are many: women enjoy working together and giving collectively, women tend to perceive and use money differently to men, women understand and empathise with the experience of other women so give effectively to them.  When receiving grants, women tend to share their acquired benefits generously with their families and communities.

When women empower women by sharing resources, potent social change occurs.

With the help of Community Foundations of NZ and Philanthropy NZ, we’re excited to have developed the Women Give 2018 event – a deep dive into women’s giving.  If you haven’t already, I encourage you to take a look at our programme. You may have prospective donors, advisors or current donors that would get something out of the event and if so we can extend the membership rate to them.   Let us know.

Men have long been celebrated for their generosity and they are important drivers of change in our communities.  It’s time to recognise and celebrate what women bring, and offer them the platform for their style of generosity to flourish.

Join Community Foundations and Philanthropy New Zealand at Women Give 2018, on March 6th for a day focused on women’s generosity and the role they play in change. Explore how we’re doing as girls and women in New Zealand and the positive impact applying a gender lens to our philanthropy can have.

Full details on the Women Give 2018 programme.

How can we enable change?

How can we enable change in the communities we serve?

Gemma Slack
Momentum Waikato Community Foundation
12 December 2017

If we genuinely want to see change in the communities we serve, we need to do things differently. For years, we have funded charitable organisations to deliver on meeting critical needs. But why do we still see so many challenges? Our communities need disruptive thinking from change-makers of all kinds to create the architecture for change, systems for change, for intergenerational change. How do we, as Community Foundations and philanthropic funders, create space for change-makers to innovate our current systems to drive new and radical solutions, that will seriously benefit those children born in 2067? And then how does a long-term focus impact the demands we place on those we fund?

In 2015, the newly established Momentum Waikato Community Foundation provided me with an opportunity to focus my final university research on the sector. The opportunity peaked a curiosity to understand how everything I had learnt in the Bachelor of Management Studies could be applied in the not-for-profit sector.

I completed the research while studying on exchange in Maastricht, Netherlands, and with the support of Momentum Waikato, was able to attend UKCF Conference in 2015 to further my understanding of the sector. These experiences filtered into my final research which explored the history, development and current state of philanthropy and Community Foundations, strategic community investment, and the tools that Community Foundations can use to empower their communities.

As I began this research, I could see a connection between ‘strategy’ used in the for-profit sector, with ‘philanthropy’ used in the not-for-profit sector, in terms of achieving outcomes and goals. Using a philanthropic lens in the context of Community Foundations meant exploring how can we identify the needs and aspirations of our community to drive disruptive solutions for intergenerational change.

We know the solutions to our local problems lie in the communities we serve, but we know if we keep doing the same thing, but expect a different outcome, it’s insanity. So how can Community Foundations convene, connect and endow to enable the change we want to see? This is the passion behind my work with Momentum Waikato over the past three years, delivering the inaugural Waikato Vital Signs, and researching global movements like social enterprise, to better understand how we might inspire generosity to invest for impact.

I see exciting times for Community Foundations around the country as they look at different, more strategic ways to lead the change for communities and systemic impact. I encourage us all to be bold, courageous and inclusive as we explore new ways to enable change, serving our donors and communities to achieve the outcomes we urgently need.

 

Gemma Slack is responsible for Strategic Initiatives for Momentum Waikato, was awarded 30 under 30 by Hamilton City Council this year, is the Chair of Seed Waikato, is part of the Youth Advisory Group for Philanthropy New Zealand, and has her own social enterprise, Betley.

Read Gemma’s research paper on community foundations and strategic community investment at the link: Philanthropy Community Foundations and Strategic Community Investment (2017) – Gemma Slack

Thoughtful, grassroots generosity

Thoughtful, grassroots generosity

Tony Paine
Chief Executive, Philanthropy NZ
16 November 2017

The Community Foundation movement has grown in New Zealand to the point where almost all communities across the country have access to, or are establishing, Foundations. That is great news for people who want to ‘give where they live’, and it will see a significant increase in grantmaking and community support as a result. It is also a testament to the hard work of everyone involved, and the commitment of the Tindall Foundation whose work in this space has been pioneering.

International experience (recent US research shows contributions to donor-advised funds outpaced overall giving by a wide margin again last year) and the track record to-date here suggests the trajectory is all positive. If we can continue to promote and support Community Foundations, there is the potential to create combined portfolios well past the hundred-million-dollar mark, with a growth in local grantmaking at a related scale.

At the heart of the Community Foundation model are three values that resonate for Kiwis. Community Foundations of New Zealand name them as being about:

  • Place—geographically defined, drawing on the love of local community
  • Cause—donor-led giving
  • Forever—the gift will never be spent but continue giving to the local cause in perpetuity.

Put these three factors together and they are powerful drivers of personal generosity that are already supporting significant grantmaking in a number of New Zealand towns and cities.

Like all of philanthropy and grantmaking, Community Foundations are as diverse as their communities and have taken different approaches in different parts of the country. That should be celebrated, as should the steps towards new initiatives like Auckland Foundation’s Women’s Fund or Acorn Foundation and Momentum Waikato’s work on Vital Signs projects which set a great benchmark for regional conversations about impact, priorities, and measurement of change.

Philanthropy New Zealand was delighted to develop an MOU with Community Foundations of NZ. We will support their work promoting the Community Foundation model and ensuring that the grantmaking managed by Community Foundations continues to be an exemplar of thoughtful, grassroots generosity.

 

Community Foundations of New Zealand are proud to partner with Philanthropy New Zealand, promoting personal generosity in communities across New Zealand. See further details at the link.

Is there really a way you can live on forever?

Is there really a way that you can live on forever?

Eleanor Cater
Community Foundations of New Zealand
16 October 2017

My father, Bob Cater QSM, died very recently. We buried him on a rare still and sparkly spring day in Wellington. I looked up at Wellington’s endless blue yonder and found myself wondering what is the point? Do we simply live and die and that’s it, we are gone?

We said our painful goodbyes to Dad and in the following days and weeks, I’ve been thinking a lot about how we can leave a lasting legacy.

Enter the ‘Community Foundation’ concept, where communities are busy building funds to support good causes, forever. An opportunity for generous people to put their life’s work to good use.

And, my favourite part, is that you don’t need to be wealthy to be generous! What we are seeing in small New Zealand communities is generosity is for everyone; enormous acts of personal generosity across New Zealand – from both wealthy and not so wealthy people.

Community Foundations were originally established in North America and have spread over time to most of the western world. It takes time – typically 10-20 years – for a community to build up their funds to a good level but when they do they can really begin to be changemakers and see results.

“From tiny seeds grow mighty trees.” It’s simple: grow funds from donations from generous people in the community and give back to the community the investment revenue from these funds. The original fund is not spent and is protected (i.e. managed so it grows) for inflation.

Ways of giving vary widely and there is enormous potential to create something lasting that appeals personally to the giver. Many people start funds while they are living, giving regularly to build up the fund, or establish their own fund in their Will so that their life’s work can carry on.

People with wealth often say that it is extremely difficult to give money away effectively. I know… it seems a difficult concept to many of us! Although most of us support good causes, do we really know how effectively that money is being used?

With the Community Foundation model you can specify exactly how your money will be used in the future, it does give peace of mind that you are, in fact, giving it away effectively.

Recently I had a conversation with a friend and her eyes lit up when I talked about giving in perpetuity to a cause that she was passionate about. The next time I saw her she told me she had decided what her fund would be: a gift in her Will to help vulnerable children. She was totally chuffed to be given the opportunity and the means to do so.

Should we talk about our personal generosity? I have a belief that we should, just as Bill Holland did here in his recent Radio New Zealand interview. I think it normalises the idea and it encourages others to consider what they would do, to dream big about ‘giving back.’ I don’t find it distasteful, I personally find it very empowering.

So, yes, I proudly say that I am setting up a fund through my local Community Foundation, Nikau Foundation in Wellington. It will grow through a gift in my Will – hopefully thinking very long-term here! – and it will benefit tertiary students who otherwise might not be able to afford a tertiary education. It’s a win two-fold, I feel good that my life’s work will live on and it has the potential to transform many lives into the future.

As it happens, my father Bob Cater was a very community-minded person and he also saw education as a privilege.  Perhaps this really is his influence living on? Maybe that is the real point after all.

 

 

Community Foundations of New Zealand are proud to be members of Include A Charity, promoting the transformational impact from gifts in Wills

Now is the time

Now is the time

By Liz Koh, 
Deputy Chair, Nikau Foundation 
4 October 2017

Baby boomers are not only getting older – they are getting wealthier. As they reach retirement age, they bring along with them a tsunami of wealth that needs to be invested, spent, and finally bequeathed to their heirs or charity.

Marketers talk of the ‘grey dollar’ – the money that will be spent by aging affluent baby boomers over the next 20 or 30 years.

All over the world, businesses are looking at ways to tap into this lucrative market. In Japan, there are shopping centres designed for the elderly, with medical clinics, pension-day discounts, and leisure activities for retirees. From cars to retirement villages to food and beverages, a raft of products designed with the elderly in mind is coming to market.

What will baby boomers do with their wealth? The decisions they make about how quickly to use up their retirement capital, and where to invest the capital they retain, could have a significant influence on financial markets.

Of course, not all baby boomers are individually wealthy. Their influence in the market comes simply from the fact that there are so many of them.

One interesting aspect of the baby boomer phenomenon is the influence of gender. Not only do women live longer than men but overseas research shows that women are the key decision-makers in around 85 per cent of all consumer purchases. They also wield the greatest influence when it comes to charitable giving.

As this population bubble reaches the age when they can afford to be generous and when they will have to make decisions about what happens to their estates, women will play a key role.

Numerous studies in the UK and the US show that women are more likely to give – and give more – than men. One internationally recognised centre of excellence for this research is the Women’s Philanthropy Institute which is part of the Lilly Family School of Philanthropy at Indiana University.

Their research has shown that baby boomer and older women gave 89 per cent more to charity than men of the same age and that women in the top 25 per cent income bracket gave 156 per cent more than men in the same bracket.

Charities can expect a huge influx of money as baby boomers unload their wealth either during retirement or on death. The smart ones will be actively cultivating relationships with baby boomers to tap into their generosity, and women, particularly women in high income brackets, should be right in their sights.

To that end, the Auckland Foundation, a member of Community Foundations of New Zealand, is launching an Auckland Women’s Fund, which aims to support women’s giving and improve the lives of girls and women through its granting.

No doubt others will follow. After all, baby boomers have only three choices with their wealth – they can spend it themselves, leave it to their family, or give it to charity or community. They certainly can’t take it with them.

 

* Liz Koh is Deputy Chair of Nikau Foundation, an authorised financial adviser and author of Your Money Personality; Unlock the Secret to a Rich and Happy Life, Awa Press. 

A more strategic way to give

A more strategic way for clients to give

Bill-Holland---Chair

By Bill Holland, Partner, Holland Beckett Law
CFNZ Board member
24 August 2017 

As a lawyer I think it’s a privilege of developing what can be very strong and longstanding relationships with my clients.  They come to us as trusted advisers, seeking guidance on a range of issues, and sometimes not of a strictly legal nature.

As professionals, it is definitely not for us to be telling clients what they should be doing in their Wills. It is incumbent on us however to fully advise our clients of options that are available when making a Will.

People without children who have worked hard to establish their financial security are sometimes genuinely frustrated at just not knowing what to do with their estates.  For these people, the idea of making a positive difference to their community on a permanent basis by having income paid to their chosen charity every year forever, is a very attractive one.

Likewise, parents with children naturally want to help their children first, but many love the idea of leaving, say, 10% of their estate to their local Community Foundation to provide that same long-term benefit to their community.

As a lawyer, I often know my clients very well.  When they seek my advice on their making their Wills, the discussion can often lead to charitable giving and I then explain that could be either a direct gift to a charity or a permanent endowment gift through a community foundation.  My experience has been that most seem to prefer endowment giving.

I have never sensed any resentment from clients for having raised the option of charitable giving.  On the contrary, I have had many clients who have become very enthusiastic.  Not only have they made provision for in their Wills, but in many cases they have chosen to start giving while they are living.  One client said, “It is better to give with a warm hand than a cold one”, but then she confessed that what was even better was getting the 33% tax refund on her gift!

If you are a lawyer or professional financial advisor and you are not familiar with your local Community Foundation already, I suggest that you get in touch. They are a powerful connector of generosity to local causes and, as a lawyer, your role in the process is key.

 

See Bill Holland’s article in the New Zealand Law Society’s Lawtalk magazine

Hear Bill Holland’s interview on Radio NZ all about Community Foundations – 12 October 2017

Contact your local Community Foundation

Wisdom from Canada

Wisdom from Canada

liz palmieriLiz Palmieri
Liz Palmieri and Associates (former Executive Director of Niagara Community Foundation)
8 August 2017

This year in Ottawa I was pleased to have the opportunity to meet representatives from Community Foundations in New Zealand, where they are fairly new by world standards and growing. It made me think of Canada decades ago and I’m excited for New Zealand as it heads into the next stages of growing the movement.

I was honoured to then be invited to run a workshop for Community Foundations in New Zealand, I gather on the strength of my experience as the first Executive Director of the Niagara Community Foundation in Canada.  I started there in 2001 and we were housed in an office that was donated by a local newspaper. We had raised enough operating funds to cover the first three years of operation and I was the only staff person. It was very small beginnings and, looking back, quite terrifying at times when you are expected to do everything.

I left Niagara Community Foundation in May 2016 and it was through the support and commitment of so many wonderful volunteers, donors, and supporters that our foundation increased our assets to $30 million and our annual grants being made are at more than $1.3 million.

I’m looking forward to leading and participating in sessions at the New Zealand workshop, I am sure that I will learn lots from New Zealand Community Foundations and am looking forward to sharing lessons learned and best practices from the Canadian Community Foundation movement.  I believe that much of what I learned along the way will be particularly relevant as the movement grows in New Zealand.

During the years that we were building our Community Foundation in Niagara the support that we received from Community Foundations of Canada, as well as our peers across the country, was instrumental to our success.  We shared resources, policies, and practices so we didn’t have to invent the wheel every step of the way.  We could also ask dumb questions to our colleagues and it was their answers that made us appear brilliant to our Trustees!

There is a saying in the Community Foundation movement that “when you see one Community Foundation you see one Community Foundation”.  While we fundamentally are in the same business, we are all unique in how we reflect our own communities within our Community Foundation.

See you in Wellington in September, I am so looking forward to doing what I can to assist in building momentum in New Zealand.

 

See the CFNZ Workshop Programme at the link here.