Community Trusts Combining Together

Eleven of the Community Trusts in New Zealand have combined together with a common goal of delivering better services to their respective communities throughout the country. The Trusts, which formed after the passing of the 1988 Trustee Banks Restructuring Act, are all similar in that funds received from the proceeds of the sale of shares in their then respective Trustee Savings Banks are invested in various asset classes and the income from these investment make up donations or grants that go out to support the communities (Not for Profit) they work with.