Jump to Navigation
Home ›

Fund Management

The Trust Fund is managed by the Investment Advisory Committee, which is responsible for:
  •    Developing and recommending to the Acorn Board an investment policy and objectives (SIPO)
  •    Monitoring and recommending any changes to the investment policies
  •    Investing Acorn’s funds in accordance with the approved investment policy and managing the investment portfolio.
Craigs Investment Partners acts as the Fund Manager, investing the funds in accordance with the recommendations of the Investment Advisory Committee.      

Investment Advisory Committee

Barrie Owen
Barrie Owen was the Senior Partner of KPMG Accountants and he now operates his own consultancy business - Owen Consulting Limited. He is involved in a number of advising, governance and negotiating roles.  Barrie is married to Sally and they have adult children.  
Glenn Keaney

Glenn is a partner at KPMG in Tauranga, and is also on the board of Priority One. With his experience in auditing, Glenn kindly performs audits free of charge to many local charities and non-profit organisations.
Shirley Seales
Shirley is a partner in the Staples Rodway accounting practice.  She has a wide range of business and financial experience. Shirley was a trustee with the Compass Community Trust, which was responsible for the Acorn Foundation’s inception. So we are delighted to have her involved again, encouraging generosity in the local community.
Matthew Tustin

Matt Tustin is an Acorn Foundation trustee, and partner at Cooney Lees Morgan solicitors, where he works in the Commercial team

 
Sir Peter Trapski
Peter has been practising as a commercial arbitrator, mediator, trustee, company director, and consultant for the last 20 years - since he retired as the Chief District Court Judge for New Zealand. Prior to that he was in practice as a barrister and solicitor in Mt Maunganui.    He and Lady Helen have been married for nearly 50 years. They have 5 adult daughters and six grandchildren

RETURN ON FUNDS ALLOCATION POLICY

The return on a named fund is the combination of income (interest, dividends etc) and changes to investment valuations. The Trustees’ objectives in allocating these returns is to
  • Provide at least in part for the costs of administering Acorn
  • Provide ongoing levels of distributions which recipient organisations can rely on for budgeting
  • to maintain the level of the named fund at its original capital value as a minimum
  • When the level of returns permit, to provide some level of offset against the effects of inflation on the capital value of the named fund.
To achieve these objectives the Trustees will make an annual allocation for each named fund of
  • 1% of the average capital value of the fund in that year towards the cost of administering Acorn
  • 5% of the average capital value of the fund in that year for distribution to recipient organisations
  • Any return in excess of 6% will be added to the capital value of the fund.
The Trustees acknowledge that in the early years of a named fund it may become necessary to erode the original capital value in order to achieve these allocations but that a return to the original capital value in the shortest possible time is of paramount importance. The Trustees reserve the right to vary the nominated percentages as circumstances require. For the purpose of this policy all un-named funds shall be aggregated and treated as a single named fund. Anticipated Investment and Return. Funds are invested through Craigs Investment Partners, who have advised that a long-term return of 8.2% can be expected on Acorn funds. This will result in the following:
  • 1% is taken as an administration charge,
  • 5% is distributed to charities, and 
  • on average over time 2.2% will be added annually to the capital value of the fund.

ALLOCATION POLICY FOR INVESTMENT INCOME
The return on a named fund is the combination of income (interest, dividends etc) and changes to investment valuations. The Trustees’ objectives in allocating these returns is to
  • Provide at least in part for the costs of administering Acorn
  • Provide ongoing levels of distributions which recipient organisations can rely on for budgeting
  • to maintain the level of the named fund at its original capital value as a minimum
  • When the level of returns permit, to provide some level of offset against the effects of inflation on the capital value of the named fund.

To achieve these objectives the Trustees intend to make an annual allocation for each named fund of

  • 1% of the average capital value of the fund in that year towards the cost of administering Acorn
  • 5% of the average capital value of the fund in that year for distribution to recipient organisations
  • Any return in excess of 6% will be added to the capital value of the fund.

The Trustees acknowledge that in the early years of a named fund it may become necessary to erode the original capital value in order to achieve these allocations but that a return to the original capital value in the shortest possible time is of paramount importance. The Trustees reserve the right to vary the nominated percentages as circumstances require. For the purpose of this policy all un-named funds shall be aggregated and treated as a single named fund. Anticipated Investment and Return. Funds are invested through Craigs Investment Partners, who have advised that a long-term return of 8.2% can be expected on Acorn funds.

Acorn WINS at the Westpac Tauranga Business Awards
Acorn WINS at the Westpac Tauranga Business Awards

Acorn Foundation's committment to our community was recognised at the 2011 Westpac Tauranga Business Awards on 4th November. Acorn received the award for Organisation of the Year at the gala dinner held at the new TECT Arena at Baypark Stadium. Acorn's deputy Chair Tracy Rea briefly shared the Acorn story with the 500 guests who included Tauranga Mayor Stuart Crosby, and MPs Tony Ryall and Simon Bridges.
A very exciting milestone for the Acorn Foundation.

© 2011 The Acorn Foundation | Website Design by Website Results