The Rotorua Energy Charitable Trust is committed to making good things happen in our community. Since its inception the Trust has returned over $100 million by way of grants to a range of community causes in Rotorua.
Here you will find all the latest updates with the Rotorua Energy Charitable Trust including media releases, 2016 annual report, newsletters, etc.
Since the year 2000 the Rotorua Energy Charitable Trust has been collecting and bringing home important local artworks which now represent a valuable historical record of Rotorua's artistic endeavour.
Where the Trust gets its money
On 1 September 1994, the Trust received 16,675,340 fully paid up ordinary shares in Rotorua Electricity Limited, amounting to 51% of the issued voting capital. The shares were valued at $32 million at that time.
Investing the money wisely means the Trust continues to get its income from the interest and dividends paid on a range of strategically placed investments. This money is then returned to the community in the form of donations.
The Trustâ€™s original capital of $32 million has grown to approximately $150 million today, with a further sum of over $100 million having been invested back into the local community by way of grants.
From April 2015 management of the Trustâ€™s investment assets has been undertaken under a formal investment management agreement with Mercer N.Z. Limited.
Prior to that date the investment manager was Perpetual Capital Management Limited, a wholly owned subsidiary of the Rotorua Trust.