Expression of Interest for Trustees 2020 - Otago Community Trust
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Expression of Interest for Trustees 2020
Expressions of Interest The Minister of Finance appoints Trustees and applicants must reside in the Otago Community Trust funding area - https://www.oct.org.nz/about-us/our-funding-area Expressions of interest remain confidential to Otago Community Trust. The Trust will consider all expressions of interest received and will make its nominations to the Minister having regard to the skills of the applicants and their geographical location, noting that the Trustees due to retire in mid-2020 are from the Central Otago region. The Minister of Finance takes into consideration factors such as: • Balance of skills and financial expertise required • Gender and ethnic representation • Conflicts of interest • Geographical spread • Knowledge of community Expressions of Interest close at 5pm on the 27th January 2020 and should be emailed to: Barbara Bridger, Chief Executive Otago Community Trust barbara@oct.org.nz
Exclusions
Our History
• Trust Bank Otago Community Trust formed in 1988
• Trust Bank New Zealand sold to Westpac in 1996 & the
Trust Capital Base was set at $131M
• The Trust changed its name to Community Trust of Otago
in 2000
• In August 2008 the Trust changed its name to Otago
Community Trust
• Since 1988 granted over $180m to projects, services and
programmes
Our Region
Trustees
Ross McRobie John Wilson Diccon Sim Kate Hazlett Gina Huakau
Chair Deputy Chair/Central Otago Greater Dunedin Central Otago Greater Dunedin
Barb Long Bridget Tweed Pip Laufiso Haley van Leeuwen Malcolm Wong Kevin Malcolm
Greater Dunedin South Otago Greater Dunedin Greater Dunedin Greater Dunedin North Otago
Trustee Profiles can be found at https://www.oct.org.nz/about-us/our-trustees
Grant Activity
Last 5 years - 2020 Budget $11.3m
$10.0m
$8.7m
$7.5m
$6.2m
$4.3m
2015 2016 2017 2018 2019 2020
Budget
Strategic Goal One
Strategic Implement a new grants management system
and move applications online.
Plan Strategic Goal Two
Provide Partnership Grants offering
multi-year funding.
State of Play
Strategic Goal Three
Support our Funding for Change priorities by
developing our Strategic Grant making to
encourage innovative change.
Strategic Goal Four
Facilitate opportunities for more
venture-based philanthropy and impact
investing that will benefit Otago.
Our Strategic Plan can be found -
https://www.oct.org.nz/about-us/our-strategic-plan-2017-2022
Our Strategic Priorities
Warm Regionally Youth Health,
Homes Significant Wellbeing &
Cycleways EmploymentGuiding Documents • Community Trusts Act 1999 • Community Trust Deed • Trustee Act 1956 • Statement of Investment Policies & Objectives (SIPO) • Strategic Plan Copies of these documents are available on our website https://www.oct.org.nz/about-us/policies
Trust Governance Structure Up to 12 Trustees • Appointed by Minister of Finance • Four year term • Trustees may hold office on more than one occasion Two Committees of the Board • Audit, Risk & Finance – meet 4 times a year • CE Performance Review Committee – meet as required
Role of Board
• The role of the Board is governance rather than management which is
the responsibility of the Chief Executive Officer (CEO) and staff
• Governance focuses on the Trust’s wider issues of purpose, including the
setting and monitoring of strategic direction and the establishment and
monitoring of Board-level policies
• Management focuses on implementing the strategic direction of the
Board and the operational day to day running of the Trust’s business
• The Board works in close partnership with the CEO to ensure that its
objectives and goals are achieved, supporting and resourcing the CEO to
carry out his/her responsibilitiesKey Activities of the Board
• Ensuring the Trust’s assets are protected
• Setting and monitoring strategic direction and objectives
• Setting and reviewing governance, investment, grants and operational
objectives and policies
• Ensuring approved Trust policies are complied with
• Appointing the CEO and monitoring performance
• Appointing the Investment Advisor and monitoring performance
• Approving grants, operating and capital expenditure budgets, and
approving expenditure outside approved budgets
• Monitoring and reviewing performance against approved grants,
operating and capital expenditure budgets
• Considering and making decisions on grant and scholarship applications
• Ensuring ongoing accountability of the Trust
• Reviewing its own performance as the basis for its own development and
quality assuranceTrustee Remuneration
Remuneration – Annual Fee Level
Chair Deputy Chair Trustee Chairing Trustee
Sub Committee
$24,000 $15,000 $13,200 $12,000
• Annual fee based on Cabinet Fees Framework2 CO (12) 6
• Normal workload of a Trustee is 25 days/year
• Mileage is reimbursed for attendance at Otago Community Trust
meetings & functions where Trustees are representing the Trust.
Reimbursement is at current IRD ratesMeeting Dates 2020
Governance & Management Structure
Board of
Trustees (11)
Audit, Risk & CEO Special
Finance Performance Projects
Committee Review Committees
Committee
CEO
Barbara Bridger
Grants Manager Office Administrator Communications & Office Manager
Sue Stewart Teresa Christie Marketing Coordinator Karyn Molloy
[0.5 FTE] Mel McAtamney [0.75 FTE]
[0.5 FTE]Two Distinct Aspects of the Trust
Community
Investments
SupportInvestments Our Investments - As at 31 March 2019
Global Equities 30% $94M
Global Fixed Interest 60% $182M
NZ Equities 5% $15M
NZ Cash 5% $13M
100% $304MFurther information can be found on our website WWW.OCT.ORG.NZ
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