Foundation Trust Deed
The Hohepa Foundation Trust Deed allows the appointment by Regional Boards of advisory trustees in their region.
Management and custody of assets
Assets are held independently of the Hohepa Homes Trust Board by Milford Asset Management (on behalf of the Foundation), who use Trustee Executors as their custodian. All trustee assets are subject to independent audit.
- Since its establishment, the Foundation has raised significant funds and has made substantial grants to each Hohepa region for buildings development and special character activities. Although government funding covers most of the core services, there are many additional costs, including those incurred in maintaining Hohepa’s special character, 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 Financial Statements show the balance held in each of the funds.
The assets of the General Fund are invested to provide for any purpose 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. This fund has underwritten a number of projects.
Special funds have been established for each of the regions in which Hohepa provides services and may only be used within those regions donors have designated as their preferred use of the donation.
- The assets of each, arising from bequests and donations and income generated from investment, are invested to provide for the charitable purposes of individual regions
- The emphasis is to build up these funds to provide on-going income
Resident and Special Trust Funds
The Foundation’s subsidiary, Hohepa Trustees Ltd, also acts as an umbrella for sub-trusts, established by families to provide for individual residents. Families are provided with a twice yearly summary of the individual Trust’s transactions and balance.
How to support Hohepa and make provision for a family member
Please direct any queries to the Foundation’s Administrator, Irene Grether