Growing an invaluable asset for Porirua

Nikau Foundation demonstrates it’s the best guardian for managing and investing $5 million of community assets for the region.   

Benefiting from an economy of scale plus having access to Nikau Foundation’s investment expertise were just two reasons for creating the Porirua Fund.  

The new fund will enable Nikau Foundation to grow its presence and impact in the Porirua region. It was established after an external review commissioned by trustees of the former Trust Porirua found the community foundation model would be a more efficient way of managing the $5 million of community assets they oversaw.  

“Trust Porirua and its assets needed to get to a place where they could work effectively for Porirua, with maximum returns to the community. The decisions made as a result of the review helped secure the future of funding for the Porirua region in a sustainable way,” says former Trust Porirua Chair and current Porirua Fund committee member Tim Sheppard.  

Establishing a fund within Nikau Foundation also meant additional savings on trustee fees, Public Audit Office and trustee election costs – and that meant more money for the Porirua community.  

“The decision to create this new fund was a no-brainer,” says committee member Eleanor Cater.  

“Under this new structure, the Porirua Fund will be able to return more than three times as much to the Porirua region as it did in its previous form. That’s great for our community.”  

The committee overseeing the new fund are a diverse group of local people who love Porirua and are passionate about working with community groups to help shape their city’s future.  

Chair Rebecca Morahan says the new fund will have real lasting benefits for the region and its people.  

“The Nikau Foundation Porirua Fund brings new and exciting opportunities to our community. The dream is that Porirua will be positively transformed forever through the power of local generosity.” 

“It’s reassuring to know that, by partnering with Nikau Foundation, our community’s assets are ring-fenced for local benefit and will be safeguarded and grown.”

Eleanor Cater

Help us grow this invaluable asset for Porirua by making a donation to the Porirua Fund.