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FUNDING
The Trust was established in 1988 with a combined fund of a little over $700,000, much
of which resulted from the generosity of a number of the contributors and sponsors
of the three original trusts that were combined to form The New Zealand International
Yachting Trust.
Since the establishment of the Trust, its capital fund has increased significantly,
and now stands at more than $2.7 million, after making grants totalling over $2 million.
Under its Trust Deed, the Trust is only permitted to make grants from current
income and it may not distribute any part of the capital of the fund. The Trust will
endeavour to continue building the fund in an endeavour to generate sufficient income
from investments to meet its objectives year by year.
The Trust therefore seeks donations or other contributions to its
capital fund, as well as other forms of financial support, to assist it in achieving
its objectives.
If you wish to assist the Trust by making a gift or leaving a legacy to the Trust,
your support will be greatly appreciated. Please contact the Secretary for further information.
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