Established TO GROW & PROTECT THE KAINGAROA SETTLEMENT
The Ngāti Whakaue Assets Trust was established in 2009 for the purpose of receiving, growing and distributing the tribe’s settlement funds from the Central North Island Forests Collective Settlement.
The Ngāti Whakaue Assets Trust is registered with the Charities Commission in accordance with the Charities Act 2005. Our purpose is to support Ngāti Whakaue whether it relates to the relief of poverty, the advancement of education, their socio-economic position, or religion or to another purposes beneficial to Ngāti Whakaue
te kotahitanga o ngāti whakaue assets trust
MILESTONES AND ACHIEVEMENTS
2009 - 2012
Trust was established in 2009 to receive and grow Ngāti Whakaue’s portion ($9.2 million) of the CNI iwi collective forestry settlement
Founding Trustees: Jason Rogers, Tupara Morrison, Jackie Aratema and Ana Morrison
Settlement funds were initially invested in bank term deposits and managed funds
The first Special General Meeting (“SGM”) was held in Tamatekapua on 24 April 2010
Distribution and Investment Policies established
Direct investment of $2.5 million made into the aged care provider sector, via Healthpoint
2016 - 2019
Purchased an increased shareholding in Te Kākano Whakatipu of $3.9m in 2016
Total asset base grows to $16.8m (2016) and $18.3m (2017)
Distributions survey of the iwi undertaken 2017
Marae sustainability project - solar panels and LED lighting provided for Whakaue marae
Investment into a residential property development in Pāpāmoa in partnership with Ngāti Manawa, in 2016
Investment into a new residential property development in Pāpāmoa in partnership with Ngāti Manawa and Tiki Te Kohu Ruamano Trust
Celebrate 10 years since establishment of the Trust
Distributions of $2.3 million since inception
2013 - 2015
Inaugural Whakaue Whakanuia was held in September 2014 and featured a Future Makers Day, Kapa Haka day and Alumni dinner
First distributions paid totalling $240k, including grants to Tamatekapua whare tūpuna, our six marae and the Te Arawa Kapa Haka Charitable Trust.
Investment into Te Kākano Whakatipu (forestry investment in Kāingaroa Forest) in partnership with Te Arawa River Iwi Trust (TARIT)
Home insulation project undertaken - 50 homes completed
Sale of Healthpoint resulting in a $3.2million profit (a 20% annual Return on Investment)
Total asset base of $14.2m, reflecting a 54% increase since settlement in 2009
2020 - 2023
Total asset base of $25 million as at 31 March 2023
Inaugural CEO / Te Manahautū employed
New office premises
Review of Trust Deed, distributions plan and policy
Review of the Strategic Plan
Established internships for our rangatahi with Heartland Bank, Crankworx and infracore
Extended the management team - Tatiana as Distributions Manager & Jennifer as Project Support
Launched Whakaue Māmā Whai Hua Nui | Financial capability program
“Uerongo Pānui – A collaboration between the Ngāti Whakaue entities to bring the iwi news and updates of the activities of our Ngāti Whakaue entities.
Whakaue Pakihi App - An online marketplace promoting and supporting our Ngāti Whakaue businesses in the lead up to Christmas 2021
First AGM hosted fully online + Hybrid Mid-year Update Hui
Launched ‘Ringa Rautia - Strengthened by many’ a business development course for our Ngāti Whakaue pakihi.
Launched Ngāti Whakaue Governance Essentials program to strengthen our future leaders
Hosted the long awaited Ngāti Whakaue Whānau Day at Scion, 2023
Farewelled Taurua Grant.
Recruited Te Manahautū hou, Candice Waiti Richards, August 2023
Farewelled Tatiana Kiwi-Knight (Distributions Manager), December 2023
2024
Ngāti Whakaue Assets Trust Appoint Two Board Observers
Kia uru Kahikatea ki tū!
The Trust is proud to announce Te Kooanga Awatere (Ngāti Te Roro o te Rangi) and Angela Grant (Ngāti Pūkaki, Ngāti Taeotū) as the inaugural Board Observers appointed to the Ngāti Whakaue Assets Trust.
Following two successful Ngāti Whakaue Governance Wānanga, the Trustees established a pathway for participants to upskill through a Board Observer Role. Due to the high calibre of applicants, two Board Observers were appointed.
During the 12 month term they will participate in monthly Board hui and be mentored by two of our Trustees.
E ai ki Te Pou Taki Hemi Rolleston, “ We are excited about the new dynamic they will bring to the boardroom and look forward to seeing these two mana wahine progress in their governance journey”
