Working together will mean real success

Working together will mean real success

Stacey-ScottStacey Scott
Chair, CFNZ
5 October 2018

Again we saw the incredible sharing of energy and ideas at our national gathering in Wellington this month. It’s a privilege to work with so many gifted people across the sector so dedicated to encouraging people to think personal generosity leading to community transformation.

It’s certainly been an action-packed year for the Community Foundation movement in New Zealand.  Our initiatives, projects and events around the country explored new ways to create lasting impact, for today and for future generations.

When Community Foundations of New Zealand was formed our movement had a vision to bring people together, to foster professional development and to increase our impact through collaboration. Today we have over $110m under managed funds, in the past year 800 grants have been made to local communities, and 80% of New Zealanders have access to their own Community Foundation.  Significantly, hundreds of millions of dollars more are in the pipeline as bequests gifted in Wills to local communities. These really are staggering results from such a young movement in this country.

Just as the number of donors and grants grow each year, Community Foundations of New Zealand continues to grow and evolve.  We do this together with many partners around the country who share our vision of a more community-led future for us all. It has been extraordinary to watch the Community Foundation movement grow its reach, influence and impact from one end of the country to the other… and beyond.

As we look to the future, we see a constantly evolving country. We are getting older, becoming more diverse, more urbanised and are using technology in ways that were difficult to imagine even a few years ago. Part of our responsibility as a national network is to anticipate and respond to such changes to help build stronger, more inclusive communities of tomorrow.

Growth demands evolution and while Community Foundations remain deeply committed to place-based philanthropy, we are increasingly recognising that our community is not just defined by the place we live in. We all belong to many different communities and CFNZ is committed to strengthening and supporting those connections to help create a better future for all New Zealanders. To that end, CFNZ will continue to support all forms of engaged and accessible philanthropy, so our members can support the issues and causes important to their communities.

We saw in Wellington this month again the dedication of our members to continuing the growth of community philanthropy across New Zealand.  We were honoured to have the Minister for the Community and Voluntary Sector, Hon Peeni Henare, join us and his message to us was to get organised and to be clear on how we can work more effectively in partnership with Government. And, as always, we appreciate the vision and support for our mission from our partners, The Tindall Foundation and Craigs Investment Partners, both of whom have been crucial to our success so far.

Coming together is the beginning, staying together is progress, and working together will mean real success.

 

A few photos from our national Workshop, 2-3 October 2018

See further photos from our national hui on our Facebook page.

Professional advisors are key

What an opportunity we have ahead of us and professional advisors are key

Eleanor Cater
Community Foundations of New Zealand
3 September 2018

Professional advisors are often surprised to discover how many people get great fulfillment from personal giving.

Gone are the days where giving to charity exclusively means dropping money in a bucket or sponsoring a child. There many options today that allow people to consider structuring their giving to causes that they care about in a more strategic, a more fulfilling way. Knowing what these options are can lead to very meaningful lawyer-client conversations.

Lawyer Bill Holland, who founded the Acorn Foundation in Tauranga in 2003, often says that meaningful conversations about giving or philanthropy can add significant value to lawyer-client relationships. He says that many clients do want to have a warm conversation about their interests and their passions and certainly do want to have a meaningful conversation that goes beyond the technical.

We are certainly seeing in New Zealand more people discovering that they can give back to their communities in a myriad of ways. Once people know their options we find that the giving strategically can be a very appealing prospect.

Conversations on giving are particularly important today as we are poised to see an unprecedented intergenerational wealth transfer from the baby boomer generation about to take place. According to Philanthropy New Zealand the intergenerational wealth transfer in Australia and New Zealand will likely exceed $600 billion over the next 20 years.

What a difference it could make if we can channel a portion of the baby boomer wealth towards philanthropy. Put into effective and professionally managed funds  it could be transformational in communities and change the charity landscape of New Zealand forever.

The Research

Studies from Canada indicate that 76% of clients agree that discussing philanthropy with their advisor strengthens the relationship. 2013 American research has also revealed that such philanthropic conversations would likely improve the client-advisor relationship and strengthen future business opportunities. A 2016 UK study found that the estate-making process can reliably shape whether people leave assets to charity in their Will; yet a 2015 QUT Survey found that only 1/3 of advisors discuss philanthropic issues with their clients. There’s a big opportunity here.

What are the options for giving?

Options for giving are many, varied and can be tailored to an individual’s needs and desires.  Knowing the difference in types of giving can be a real eye-opener and many people are delighted to discover that there are more strategic ways beyond traditional charitable giving.

For example, establishing an endowment fund is like having your own charitable Trust without all the hassle. It enables clients to focus on their giving and the causes that they care about and it enables them to give for the long-term. In fact it enables them to go on giving to causes that they care about forever. It’s transformational, it’s impactful and its reach is so much greater than traditional charity giving.

 

There’s a whole section on this website dedicated to information for professional advisors. You could share it with a lawyer, accountant or financial advisor you know; it could lead to something quite fufilling and, potentially, something quite transformational in the community where your heart resides.

 

See further details in the article ‘Adding Significant Value to Client Relationships‘ in the September 2018 Edition of the NZ Law Society’s Lawtalk magazine.

Congratulations Clutha

Congratulations, Clutha!

Stacey-ScottStacey Scott
Chair
Community Foundations of New Zealand
15 August 2018

The Clutha Foundation, a local fund to be grown by the generosity of locals, is launching this week, in Balclutha, Otago.

New Zealand’s newest Community Foundation will be one of 16 around New Zealand which is being grown by the power of local generosity. People can give to the Foundation and their money is pooled and invested, with the income being returned to community causes.

The Clutha District hopes to emulate the success Community Foundations are seeing in other parts of the country, where we are seeing growing local funds really transforming communities.

It’s no surprise that Community Foundations are proving to be such a success story in New Zealand. Kiwis love their local communities and our country fosters a culture of giving, and giving back to communities is a really fulfilling. New Zealanders are very generous, they want to make a difference and leave a legacy for the future. It’s empowering for many to discover an easy way to do this, for the long term, is through their local Community Foundation.

And Community Foundations are not just for the wealthy, we see many every day Kiwis who want to give to their community, either in life or through their estate when they leave this world. It’s amazing to see that so many people simply gain so much joy from giving.

Former Prime Minister and the long-serving Clutha-Southland MP Sir William English is the Foundation’s Patron.  He has said he can see the long-term potential of such an initiative, and that increasingly communities need to take charge of their own needs. We agree that giving this opportunity directly to local communities themselves is very empowering. Change can come from within.

We have the right people driving this for the Clutha District and the potential is very encouraging. Congratulations Clutha, both CFNZ and other Community Foundations look forward to playing a part in your success as your local folk give where they live and, over time, enable local community transformation.

See the Otago Daily Times story about the Clutha Foundation launch on 17th August at the link.  Further photos from the launch are on our Facebook page.

Photos from the Clutha Foundation launch, 17th August 2018 in Balclutha, Otago

A new breed of community leadership

A new breed of community leadership

Kelvyn Eglinton
CEO
Momentum Waikato Community Foundation
13 July 2018

People can define themselves, particularly through social media, by being against something. The opportunity is to utilise the medium to define oneself by what we support.

In the four months at Momentum Waikato Community Foundation I have been overwhelmed by the generosity of people to support causes that are close to their heart.

I am optimistic for our region. There is a new breed of community and business leadership that is focused on driving an economy that provides purpose to its community and is generous with its skills, funds and vision.

The opportunity for the Waikato (and indeed NZ Inc) is to leverage its strengths to shape a region that has resilience in all areas of economy, community, environment and culture.

This aligns with the government Purpose Economy but importantly enables adaption and meeting expectations of a community to resolve its challenges and build on its strengths in partnership. This requires different localised models of collaboration from procurement, to project delivery and support services that recognises how to connect people, business and natural resources in equal measure.

Value over volume. Leadership that brings that thinking and implementation to the table and understand how to partner thrive here. Bring it on! 

We all have a role to play

We all have a role to play in the prosperity of our region

Amy Carter
CEO
The Christchurch Foundation
1 June 2018

 

Recently New Zealand was named as the second most prosperous country in the world by The Legatum Institute.  The London based think tank released its annual global Prosperity Index, a huge survey that ranks the most prosperous nations.

New Zealand now outranks Finland – a country we are often highlighted as performing poorly against. Since the index was founded in 2007 our lowest place was fourth and we have taken out top spot seven times.

Given recent newspaper headlines outlining our childhood poverty statistics, the housing crisis and rivers we can’t swim in, this came as a surprise to me. So, I did a little more research and thinking.

The Legatum Institute doesn’t view prosperity as being just the amount of money that a country has.  It compared 104 variables in developing the rankings including personal freedom, natural environment and social capital.

Further reading on their website provides more detail.  It is worth investing some time in, over a cup of tea.

When reviewing these results, it seems to me that all of us have a role to play to ensure that our collective prosperity is spread more.  We are doing ok but can do better. Smart central government policy and investment are obviously key, but these wheels take time to turn.

In contrary a nimble, grassroots engaged, fact-based charity or social enterprise can make an impact quickly, if it is well supported.

That is why we have established The Christchurch Foundation as a vehicle for our region’s generosity. We can connect people who have the means to alter the course of the issues our regions faces. We have the ability to be flexible and to take risks and be responsive to our community needs in a way that is difficult or slow for central and local government.

Christchurch in time could become even more prosperous if we can channel the region’s wealth in a meaningful way.

Reflections on growth

Reflections on growth

Nicky Wilkins
General Manager
Acorn Foundation
May 9 2018

As I reflect on the growth of the Acorn Foundation, it’s an incredible story to tell.  When I started with Acorn we had $96,000 invested, 12 years later our managed funds are at $21.6 million. In addition we have over $160 million in anticipated funds (or bequests) coming in the future. These are staggering numbers, and all dedicated funds for the benefit of the Western Bay of Plenty. Grown by the people for the people. It’s wonderful stuff.

And we’re not finished yet, the growth of the Acorn Foundation, and Community Foundations, is really starting to snowball in New Zealand. In the future we will have very sizeable assets which will be changemaking in communities across the country.

When I started with the Acorn Foundation in 2006, we really were breaking new ground in New Zealand and having to “beg, borrow and steal” ideas for Community Foundations from overseas. We don’t have to do that today as we have developed models that work well here and we are learning from each other all the time.

Over the years I have worked with quite a number of Community Foundation Trustees and staff and it is very exciting to see these Foundations really thriving today.  There is such a genuine attitude of sharing, support and collaboration in this sector and it has been a blessing for me working with many of the amazing people across New Zealand.

It has also been a huge privilege acting as the Funding Manager for The Tindall Foundation since 2003 and Tindall has been generous in supporting national workshops for Community Foundation trustees and staff.  Over time we realised it was essential to have a national body co-ordinating the fledgling Community Foundations, culminating in CFNZ being established in 2013. I was a Trustee on the inaugural board and also acted as Secretary.  After a few years this became too much work (in addition to my Acorn role) and we were delighted when the Tindall Foundation and Craigs Investment Partners agreed to strategically partner with CFNZ. Their strategic vision enabled us to employ our first national staff member, Eleanor Cater, to help to steer the ship and build philanthropic giving in communities across the country.

I’ve been fortunate to attend two conferences in Canada which played a significant part in the introduction of Vital Signs® research to New Zealand. Vital Signs has been an invaluable tool for Acorn in terms of developing our funding and distribution model and has given us added credibility to the work that we do.

No one gets results on their own and with the Acorn Trustees providing excellent governance and stewardship, Margot McCool has played a vital role in supporting me at the Acorn Foundation. It has been a real delight working with someone who is so passionate about our local community.

There have been many highlights in my 12 years with Community Foundations but the most memorable are the wonderful relationships I have built with many of our donors.  These are people I will genuinely miss when I move on in June.

To everyone involved in the movement of growing Community Foundations and generosity in New Zealand, I send a heartfelt thank you. What a difference we will make to our country as we continue to connect generous people who care with causes that matter – forever.

Acorn Foundation

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.

 

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.

Our generous women

Our generous women

dellwynDellwyn Stuart
CEO, Auckland Foundation

5 July 2017

Women are becoming more and more influential in philanthropy, as earning power and financial independence grows. They control more of the financial pie than ever before and this is set to rise with a huge wealth transfer on the horizon and women set to be significant winners.

Research tells us that women tend to view money in terms of personal security, freedom and a way to achieve goals – so does it translate that women’s giving is different?

While there is no New Zealand specific research, some studies in the US have looked at philanthropy from this perspective.   The findings say that women tend to be more altruistic and empathetic, partly because of the way they are socialised regarding caring, self-sacrifice and the well-being of others. The research also suggests that women tend to give to promote social change or help others who are less fortunate.   In addition, they found that women are nearly twice as likely as men to say that giving to charity is the most satisfying aspect of having wealth.

There is another characteristic of women’s philanthropy that has emerged globally and that is collective giving.  The collective giving model pools individual dollars to make significantly larger grants, allowing people of all levels of wealth to participate in big gifts.   It appeals to women because it is a flexible, grass roots model that taps into several emotional drivers of women: creating relationships and community as well as working together for common causes.

Around the world Community Foundations have fostered the growth of Women’s Funds – large collectives that use their pooled funds to make significant grants.  Many focus their grant making on women and girls in their community, applying a gender lens to create greater equity.  This acknowledges that women face different kinds of economic and social challenges, which require different solutions.

In New Zealand, Community Foundations are exploring launching a similar focus on women’s giving.  We’d like to bring like-minded generous women together to learn, collaborate, and make a difference in our communities – while also having some fun!

 

Auckland Foundation are inviting interested people to attend a breakfast on July 14th to hear about what makes women’s giving different and the vision for this new network and fund. To become involved and for further details email melody@aucklandfoundation.org.nz