This is your story – To tatou hītori, tou hītori to tatou heke mai – with a beginning and no end. We are simply the guardians of your money for future generations, acting on behalf of the communities we serve.
To look forward sometimes we need to look back. Rātā Foundation’s history, is your history too –“Study the past if you would define the future.”
BACK TO THE BEGINNING...
The deregulation of the banking industry in the 80s was the catalyst for the formation of Rātā Foundation (formerly The Canterbury Community Trust).
Established in 1988 it received an annual dividend from TrustBank Canterbury which it distributed to not for profit organisations throughout its four funding regions of Canterbury, Marlborough, Nelson and the Chatham Islands.
Rātā Foundation received a further injection of capital in 1997 when TrustBank Canterbury was sold to Westpac and the profits of that sale were channelled to the Foundation for the community.
In our first major update to our identity since 1988, we have changed our name to Rātā Foundation. Whilst our name has changed our core purpose - grant making - hasn't. To find out why we've changed our name, check out our Identity Evolution Story.
Today our income comes from its capital base of over $400 million+, achieved through a prudent and extensive investment strategy. Rātā Foundation is simply the guardian for current and future generations, acting on behalf of future generations, acting for you.