Transfer a Trust
In New Zealand, recent law changes mean that many local trusts are facing a changing environment. If you are involved with a charitable family or corporate trust and finding BAU difficult after changes to the Trusts Act, Acorn can help. Transferring a trust to the Acorn Foundation provides a simple and effective option. Our low cost structure means capital stays intact and protects it against inflationary pressures, while returning income back to our community.
Next steps?
Acorn Foundation has completed over 20 trust resettlements. Lori Luke has guided many of them through the process.
We’d love to chat with you about how we can help you.
Why transfer a Trust to Acorn?
1. Plug into our existing organisation for a simple and stress-free transfer
Annual reports, Charities Service registration and ongoing compliance are already handled. Fund setup is simple and straightforward. Once funds are transferred and the intended purpose of the fund set, fund holders can concentrate on the pleasure of giving to causes they are passionate about.
2. Retain an existing brand
Fund holders choose the name and the purpose of the fund, knowing that the Acorn Foundation is supporting effective philanthropy in the background.
3. Access professional fund management
Tap into the financial expertise of the team at Craigs Investment Partners, who have been managing the Acorn portfolio since 2003. With oversight from our highly experienced Investment Advisory Committee, as of 2021 the fund has averaged a 9.0% annual return since inception.
4. Partner with an organisation with granting know how
Acorn has in-depth knowledge of the issues facing our community. Having granted more than $2M to nearly 200 organisations in 2021 on behalf of our donors, we know where generosity gets the best results. Our extensive research and strong relationships with other local funders ensure that our donors’ philanthropic interests are met.
5. Benefit from robust governance oversight
The Acorn Foundation has a well-established Board of Trustees and Committee members with diverse and complementary skillsets, and in-depth knowledge of the local community.
6. Ensure low ongoing costs
The Acorn Foundation takes an annual 1% fee. There are no additional legal, tax, accounting, insurance, staff, or record-keeping costs.
Example 1: Eaddy Rowing Trust
The Eaddy Junior Rowing Trust is named in remembrance of the late William Harold (Bill) and Doris Eaddy. When Bill passed away he set aside part of his residuary estate for purposes which supported junior rowers and their coaches. The Bill and Doris Eaddy Memorial Trust was established by Deed of Trust in July 2002 and registered as a charity. In 2023 the trust was resettled and transferred to the Acorn Foundation to administer. It is our honour to continue the legacy of Bill and Doris.
