The Carterton District & Community Trust has been transferred to Nikau Foundation and renamed the Carterton District Endowment Fund. The aims of the new fund are to support health and well-being, community development, general charitable purposes and promoting generosity within the Carterton District.
A number of factors influenced the decision to shift the trust’s management to Nikau Foundation. Mike Palmers, Deputy Chair of the Trust, first raised the idea 3 years ago and Nikau Foundation was mentioned as a solution to increase the trust’s capacity. “It was the logical progression, community foundation models are the way of the future for trusts like ours” Mike says. “The fund is now looking to the future of Carterton, with a wider charitable purpose.”