What is the Powerco Wanganui Trust?
The Powerco Wanganui Trust was formed in 1993 to distribute profits from the trusts investments.
Currently the trust has approximately $32 million invested and its goal is to donate around $1.0 million per year into its local area. The trust is managed by seven locally appointed trustees. Administration of the trust is handled by the trust secretary.
What are the Trusts Boundaries?
The Powerco Wanganui Trust covers the geographical area of the former Wanganui Rangitikei Electric Power Board, comprising Wanganui, Rangitikei, Waverley and Waimarino, excluding Ohakune.
Who can Apply?
Applications will only be considered from organisations that are primarily charitable in nature and provide services that will benefit the general public either directly or indirectly within the trust’s boundaries. This may include:
- Organisations providing care, training or advice for youth, the elderly, the disabled or the disadvantaged
- Sports associations benefiting their sports area will be preferred over individual sports clubs
- Applications from schools for educational and training equipment will be preferred over sports equipment
What can be applied for?
Applications for funds must provide clear benefits to the local community and be seen as providing a significant community development within the local area. Ideally applications will be for physical items and projects necessary in achieving the organisation’s charitable purpose.
Can computers and other technology be applied for?
Applications for computers, laptops, photocopiers, iPads, classroom electronics and other new technologies are acceptable. In most cases a cap has been set on the maximum donation and is reviewed on a regular basis. As from November 2014 the current limit for a PC or laptop is $1000, copiers is $2000, and ipads/tablets $500.
Can electricity/energy saving projects be applied for?
Traditionally applications for projects involving the use and / or more efficient use of electricity or energy resources have been considered favourably. For heat pumps, if the application is approved, the trust will normally pay 50% of the cost, up to a maximum of $2000.
What should not be applied for?
While all applications will be considered, applications for operational costs, overheads or running expenses (such as wages, rent travel, leave costs, conferences costs etc.) will not normally be approved.
When can applications be made?
- Applications can be made at any time and are considered three times a year
- Closing dates for each round are: 28 February 30 June 31 October
- The outcome of most applications will be advised within six weeks following the closing date
- Two copies of the application and ALL supporting data are required when applying
- ALL information must be received by the closing date as they are circulated to trustees prior the meeting
- Incomplete or late applications will NOT be considered
When will applications be paid out?
- Approved applications will be paid out when appropriate receipts / documentation received confirming the project and expenditure has been undertaken.
- Applications funds must be uplifted within 12 months of approval or donation offer will be withdrawn
- A 12 month extension will be considered upon written request to the trust giving reasons for the delay
- It is the organisations responsibility to uplift funds within the timeframe or advise the trust secretary of the delay