The Diabetes Help Tauranga Endowment Fund

This fund is a partnership between DIABETES HELP TAURANGA and the ACORN FOUNDATION.

What is an Endowment Fund?

An endowment is a sum of money that is invested so that the capital sum generates a regular annual income.

How does it work?

Acorn Foundation are endowment specialists. When a donation is made to them on behalf of Diabetes HELP Tauranga it is invested with the rest of their portfolio by investment specialists Craig’s Investment Partners. They invest in many different areas so that the capital isn’t exposed to large fluctuations in any particular sector of the financial market. Each year the return on our investment is available for both distribution by Acorn Foundation and reinvestment of any balance into the overall portfolio.

How does Diabetes HELP Tauranga benefit?

Each year, from the returns on the investment, 5% of the total amount of the Diabetes HELP Tauranga Fund is returned directly to us. A small amount goes to cover Acorn’s administration costs. Any remainder is reinvested in the fund. Diabetes Help Tauranga is able to use the distribution to help fund its day to day operating costs and other objectives to assist people with diabetes in the Western Bay of Plenty.

Why does Diabetes HELP Tauranga need money?

Diabetes can affect anyone. Every day more than 50 people are diagnosed with diabetes.

Diabetes HELP Tauranga is a totally independent local society, run by volunteers, dedicated to providing whatever support and information is needed by people with diabetes in the Western Bay of Plenty, their families and others who would like to know more about diabetes, so that they can be sure that someone is always there to provide help.

Why have an Endowment Fund?

These days it is getting more and more difficult to find sustainable sources of income and this is one method whereby a guaranteed income is received each year to complement our other fundraising activities. We hope that one day Diabetes HELP Tauranga may become totally self-funding through this sensible investment with Acorn Foundation.

Who can help?

Everyone can help. A donation right now, of any size, will begin working right away towards the long term success of Diabetes HELP Tauranga and will be working forever more.

Alternatively, you can decide to leave a legacy in your will, so that your memory
will always be a part of the organisation’s future success.                 

What do I need to do if I want to help?

To donate to our Endowment Fund you do not need to donate through Diabetes HELP Tauranga. You can donate directly to the Acorn Foundation.  Go to http://www.acornfoundation.org.nz/donate/  and you will see that there are some compulsory fields to complete and you need to select the Diabetes Help Tauranga Fund. You will receive an auto-response with details of the Acorn Foundation bank account. When the money is deposited Acorn will be able to match that up with the information you have submitted.

Donations are tax deductible and Acorn will provide you with a receipt entitling you to a tax credit.

You can learn more about gifting to the Diabetes HELP Endowment Fund by talking directly with one of the staff at the ACORN FOUNDATION, on 07 579 9839, or by going to their website: www.acornfoundation.org.nz.