Set up as a charitable trust in 1990, the Foundation raises private funds for projects of strategic importance at Victoria.
Since it was established, the Foundation has paid out over $49 million—funds that are used to advance knowledge through teaching and research.
Today, it oversees an endowment portfolio of $34 million, which provides permanent support for academic positions, scholarships, and teaching and research programmes.
The Foundation is governed by an independent Board of Trustees, of which the Chancellor and Vice-Chancellor are members. The balance of the board is made up of Victoria University graduates and friends who are business and community leaders in Wellington.
The Victoria University Foundation Trustees’ not only oversee the Foundation, but also fund scholarships which offers students who are the first in their family to attend university a major helping hand to study at Victoria. The scholarship aligns closely with the University’s strategic goal of securing the intellectual potential put at risk through experience of disadvantage and is a very real way we can help increase enrolments of talented students. To see the change this scholarship can make to a student’s life, please take the time to watch a video about the scholarship.
Your support is of vital importance to ensuring the future of the University. We make a commitment to all our donors that 100% of your gift goes directly to the project, with no administration charge deducted. Any interest earned is also directed to the project. Donations may be eligible for a charitable gift taxation rebate.
The Board of Trustees is responsible for ensuring all donated funds are correctly managed, invested and disbursed. In the first instance, this role is carried out by Board Members on the Foundation’s Finance, Risk and Investment Committee, who receive monthly reports on funding for all projects.
On a day-to-day basis, the monitoring role is carried out by the Development Office who ensure that donors’ objectives and expectations are met.
As part of governance, we provide accountability to donors and sponsors through:
- project reports
- project visits
- letters and reports from, and meetings with, student scholarship winners
- meetings with sponsored staff and academic project leaders
- audited annual accounts and the production of the Foundation's Annual Report
- monitoring formal agreements signed with donors and sponsors to ensure all terms are met.
The Foundation is a charitable trust registered with the New Zealand Charities Commission, registration number CC10288.