Coromandel Peninsula Future Fund explained.

The Coromandel Peninsula Future Fund provides residents and visitors with the opportunity to donate and bequest to a philanthropic investment fund that is, and always will be, focused on the prosperity, wellbeing, sustainability and vibrancy of the Coromandel Peninsula and its communities.

It is a ‘place based’ endowment fund led and driven by committed locals and professionally managed by the Momentum Waikato Community Foundation. The Fund’s committee is made up of three Coromandel-based ‘fund champions’ and two representatives from Momentum.

This community-based funding instrument will grow through both the donations and gifts-in-Wills (bequests) it receives, AND its investment income, which is secured and amplified by the scale of Momentum Waikato’s regional endowment fund.

When the Fund reaches a base balance of $50,000, the committee will start annual distributions of a majority portion of its investment income via grants to projects and programs benefiting the Coromandel Peninsula and its communities, with the rest of the income being re-invested to continue its growth.

One-off and ongoing donations and bequests to the Fund are invited from anyone and everyone who wishes to provide positive long-term support across the Coromandel Peninsula.