About the Foundation
Foundation North holds in trust for the Auckland and Northland communities an endowment, or putea, of over a billion dollars. This comes from the sale of the community’s shares in what was previously the Auckland Savings Bank. That endowment allows us to make millions of dollars in grants each year to not-for-profit groups in Auckland and Northland.
Our staff are made up of people who are committed to making a contribution. Just like those of you in the community who plant trees, organise festivals, run sports clubs, create opportunities for children to learn and find solutions to some of our most pressing social problems, we're the team who will support what you do.
Trustees are appointed to the Board for a four-year term by the Minister of Finance guided by the Community Trusts Act 1999. The Act states that the maximum term of office for Trustees must not exceed four years, but a Trustee may hold office on more than one occasion. A person must be resident in the region of the Foundation to hold office.