Strategic Plan

Purpose

To help fund a better community.

Core Values

  1. Prudence in Investment.
  2. Fairness and Effectiveness in Donations.
  3. Respect for fellow Trustees.
  4. Support for management coupled with an expectation of high performance.

Objectives

  1. To preserve the capital base in real terms over the medium term while making maximum annual distributions.
  2. To consider each and every application fairly, recognising the individual merit of the application within prevailing social and economic conditions.
  3. To achieve a Board environment that provides excellent leadership and governance for the Trust.
  4. To require the Trust Manager to achieve annual performance standards.

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Objective 1

To preserve the capital base in real terms over the medium term while making maximum annual distributions. 

Rationale

Intergenerational equity.

Measurement

The value of the capital base remains equivalent to the $90 million in 1997.

Strategy

  1. Maintain and regularly review (at least annually) a Statement of Investment Policies and Objectives.
  2. Take regular advice from relevant qualified professionals.
  3. Comprehensively review financial performance monthly.

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Objective 2

To consider each and every application fairly, recognising the individual merit of the application within prevailing social and economic conditions.

Rationale

It fulfils the legal obligation under the Trust Deed but most importantly is absolutely central to the Trust's purpose.

Measurement

  1. Annual Management Certification that every application was placed before the Board.
  2. Maintain a register of compliments and concerns with concerns to be no more than 1% of applications received.
  3. Periodic survey of applicants to maintain satisfaction at 80% or more.

Strategy

  1. Maintain and regularly review (at least annually) the Donations Policy.
  2. Maintain a high standard of research, presentation and information regarding each application presented to the Board.
  3. Encourage applications.
  4.  Maintain a register of Trustee interest and declarations of interest in applications where applicable.
  5. Maintain a suitable policy to deal with grievances from applicants.

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Objective 3

To achieve a Board environment  that provides ecellent leadership and governance for the Trust.

Rationale

The purpose of the Trust is far more likely to be achieved if the Board operates in an environment of good governance.  

Measurement

  1. To meet governance best practice
  2. Annual review of the Board Governance Charter, the donations Policy and the Statement of Investment Policies and Objectives. (SIPO)
  3. No breaches of the code of conduct.

Strategy

  1. Review of the Board Governance Charter, the donations Policy and the Statement of Investment Policies and Objectives (SIPO) annually.
  2. Complete a biennial Trustee survey.

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Objective 4

To require the Trust Manager to achieve annual performance standards.

Rationale

Management performance is critical to the success of any organisation (Management here refers to all those employed).

Measurement

Performance standards are acheived.

Strategy

  1. Set annual performance standards.
  2. Acknowledge and reward high performance.
  3. Provide appropriate support for the Trust Manager.

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