Governance and policies
The Borrin Foundation’s trust deed governs the Borrin Foundation. The Nikau Foundation is our sole trustee.
2015 TRUST DEED_Michael and Suzanne Borrin Foundation
In accordance with the Trust Deed, the Grants and Scholarships Committee (GSC) operates independently of the Trustee and makes recommendations about grants and scholarships to be paid from the Trust Fund. Although the GSC’s recommendations are not binding on the Trustee, the Trustee does not overrule or ignore recommendations from the GSC without substantial reason.
The Borrin Foundation’s trustee – the Nikau Foundation – is responsible for the careful management of the Borrin Foundation’s corpus to maximise returns for our grant-making. Key policy documents are below:Statement of Investment Policy and Objectives
The GSC has also adopted two policy and practice guides:
GSC Meetings Policy and Practice Guide
Interested Members Policy and Practice Guide
The Borrin Foundation is a financially independent foundation. We are a registered charity. Our financial returns are available on the Charities Services website.
The Borrin Foundation is a financially independent foundation due to the generosity of the late Judge Ian Borrin. The original corpus/endowment of capital and investments was $38 million, mostly transferred as the Borrin estate was wound up in 2016-2017. The Borrin Foundation’s assets are made up of shares and commercial properties in Wellington. These investments generate the money for our philanthropic work.
The Michael and Suzanne Borrin Foundation is registered with the Charities Services. You can find all our past financial returns on the Charities Services website. Our Charities number is: CC53658