Community Trust Donations Amount to Increase

"Trustees of the Canterbury Community Trust, the second largest Community Trust in New Zealand, have decided to increase the amount of donations that will be made to the communities of Canterbury, Nelson, Marlborough and the Chatham Islands for the financial year to 31 March 2011, Trust Chair Barry Dent says. This decision continues the Trust's policy to maintain a Donation budget at four per cent of the Trust's capital.  The effect of this decision is to increase last years Donation budget from $19.52 million to $20.0 million for the year ended 31 March 2011. "The Trust's income for the March 2010 year was over $61.4 million and with a surplus of over $32.5 Million this has allowed Trustees to continue their Donation policy and at the same time rebuild the reserves of the Trust" Dent said. "The donations policy will be considered again in early 2011 and as is usual will be announced to our communities in good time to allow them to plan for future contingencies" Dent said Barry Dent, Chair Released to Press 10th June 2010

New Trustees Appointed to Canterbury Community Trust

The Minister of Finance, Hon. Bill English, has announced the appointment of two new Trustees to the Canterbury Community Trust from 01 June 2010 until 31 May 2014. The new Trustees are Roger Bridge and Brian Moore.  Roger Bridge is a Christchurch resident and the Managing Director of Oxbridge Limited and Allstor Self Storage Limited and a Director of the New Zealand Venture Investment Fund.  Roger also holds a number of other Directorships in the private sector and is a Trustee of the Christchurch Arts Festival Trust. Brian Moore, from Ward, is a Business person and Olive Grove owner who has been actively involved in yachting and the business and rural communities over a number of years. "I welcome the appointment of these new Trustees to the Trust and the expertise and considerable skills that Roger and Brian will bring to the Board table going forward", Trust Chair Barry Dent says. "I also wish to record the thanks of the Trust for untiring efforts of our retiring Trustees around the board table and to our communities", Dent said. "Liz Richards, of Nelson, has retired after serving eight years on the Trust with the last two years as the Deputy Chair and Mary Richardson and Rob Dally, both of Christchurch, have retired after serving four years on the Trust". Barry Dent, Chair Released to Press 10th June 2010