With a vision to enhance lives, Foundation North holds in trust for the communities of Auckland and Northland an endowment, or pūtea, of over $1.5 billion. This comes from the sale of the community’s shares in what was previously the Auckland Savings Bank. That perpetual endowment allows it to make around $40 million in grants each year to not-for-profit groups and community initiatives in Auckland and Northland. Since it was founded as the community trust for Auckland and Northland in 1988, the Foundation has returned over $1.25 billion dollars in grants to the region.
With a vision to enhance lives, Foundation North holds in trust for the communities of Auckland and Northland an endowment, or pūtea, of over $1.5 billion. This comes from the sale of the community’s shares in what was previously the Auckland Savings Bank. That perpetual endowment allows it to make around $40 million in grants each year to not-for-profit groups and community initiatives in Auckland and Northland. Since it was founded as the community trust for Auckland and Northland in 1988, the Foundation has returned over $1.25 billion dollars in grants to the region.
Company Information
- Industry
- Company Type
- Nonprofit
- Founded
- 1988
- Employee Range
- 51-200
- Revenue Range
- Not available
Location
- Address
- 50 Ponsonby Road Auckland
- City
- Region
- Postal Code
- Country
- Greenland
