The Victoria University of Wellington Foundation manages donations to support projects of strategic importance to the University.
Since it was established in 1990, through the generous support of donors, the Foundation has contributed more than $49 million to the University. These funds support students, deliver capital projects, and advance knowledge through teaching and research.
Today, the Foundation endowment portfolio is $34 million, providing ongoing support for academic positions, scholarships, and teaching and research programmes.
The Foundation is governed by an independent Board of Trustees, including the Chancellor,Vice-Chancellor, and alumni and friends of the University who are business and community leaders in Wellington.
The Board is responsible for ensuring all donated funds are correctly managed, invested, and disbursed. Investment of the funds is overseen by the Foundation’s Finance, Risk and Investment Committee, who receive monthly reports on funding for all projects.
On a day-to-day basis, the University’s Development Office ensure that donors’ objectives and expectations are met through auditing annual accounts and monitoring formal agreements signed with donors and sponsors to ensure all terms are met. Each year the Development Office and the Foundation produce an Annual Report of all Foundation activity.
The Victoria University Foundation Trustees also fund scholarships for students who are the first in their family to attend university.
Part of our Great Futures programme, these scholarships are a very real way we can increase opportunities for talented students who might not otherwise have the chance to study and gain a world-class education.