With a number of charities struggling to survive, and news recently of a number closing down or seriously considering it (see note below), it was good to see some financial advice for charities recently posted from Andrew Austin of Jarden Wealth.
The article starts: “Charities play a crucial role in New Zealand, addressing societal challenges and enriching communities.
To maintain impact, charities must strategically manage accumulated funds – resources such as cash, assets, and investments, which ensure they can meet immediate needs while planning for the future.
Many New Zealand charities lean towards conservative investments such as cash and term deposits …”
You can read the whole article here
Note: For example: The Parents Centre Aotearoa charitable trust, StarJam, a charity for children with disabilities, Sistema Whangārei – Toi Akorangi which aims to help local children through orchestral music training, Families Achieving Balance in Tauranga )