Hohepa Foundation > Funds and Endowments

Since its establishment the Foundation has raised significant funds and has made substantial grants to Hohepa Homes. Although government funding covers most of the core services there are many additional costs including those incurred in maintaining the special character of Hohepa which must otherwise be covered by fundraising.

The trust deed allows for separate funds to be established for any purpose consistent with the objects of the Foundation. The annual report of the Foundation shows the amounts held for each of the separate funds listed below and the breakdown of investments held.  

General Fund

 The assets of the general fund are invested to provide for any purpose of the Foundation which is consistent with the charitable objects of the Foundation including the general purposes of the Hohepa Homes Trust Board and any of the regions in which it operates.

The General Fund has underwritten a number of projects and current investments include loans over Hohepa properties.

Holiday and Recreation Fund

 This fund was established from the proceeds of a bequest to provide for holiday and recreational facilities or to provide opportunities for residents to participate in activities for which funds may not otherwise be available

Regional Funds

Special funds have been established for each of the regions in which Hohepa provides services and can only be applied within the particular region. The assets of each fund   arising from bequests and donations are invested to provide for any charitable purpose of the individual regions. The emphasis is to build up these funds to provide ongoing income to meet costs of maintaining the special character of Hohepa and special expenditure which is not otherwise covered by government funding.

Sheelagh Thompson Endowment Fund

 This fund was established to hold a substantial donation from Miss Sheelagh Thompson for the benefit of Hohepa Canterbury. Grants from this fund are applied to meet the cost of a nurse employed by Hohepa.