Endowment fund to help sustainable farming

FUND STARTED: Waipaoa Station Farm Cadet Training Trust has an experienced advisory board and have established an endowment fund at the Sunrise Foundation. From left are Pat Sherriff, Rob Telfer, John Osborne, chairman Ken Shaw, Sunrise Foundation’s Glenda Stokes, Charles Rau, Peter Nolan, Waipaoa training manager Denver Palmer and Josh Kelleher. Picture supplied

TRUSTEES have established the Waipaoa Station Farm Cadet Training Trust Endowment Fund at the Sunrise Foundation to help build long term financial stability into the organisation.

Waipaoa chairman Ken Shaw says although they have been operating for 10 years and are pleased with progress, a reliable ongoing source of revenue is the biggest challenge.

“We are lucky to have had the generous support of many individuals and organisations in the agricultural industry, which has helped us build Waipaoa into the success it now is. Even so, we have to secure our sponsorship every year and we know we can’t rely on the same people and organisations to keep giving year on year.”

Mr Shaw said although Waipaoa is growing the future leaders of red meat production, and beef and sheep as large export industries are crucial for New Zealand, they do not receive government funding.

“Waipaoa is one of the few cadet schemes to provide theory, practical and full residential training. Trainees study toward National Certificate qualifications while experiencing the annual farm cycle first hand.”

Waipaoa manager Denver Palmer says feedback from employers and industry representatives included that Waipaoa trainees display an in-depth knowledge of general farm practice, are work-ready and have a reputation for being well-rounded, confident and motivated to achieve.

“After 10 years we have graduated 50 well-trained cadets and now have employers coming to us to seek out our cadets as they finish. We’re proud to be shaping the people who will help shape the future of beef and sheep farming in New Zealand.”

The trustees and advisory board want to provide potential supporters with a transparent and safe means to do so and feel the endowment model at Sunrise provides the perfect vehicle.

Waipaoa advisory board’s John Osborne says one of the biggest challenges and a key focus for the board is to secure long term financial sustainability.

“It may appear that we are growing and prospering as an organisation, but the reality is every year we are a few key sponsors away from not balancing the books. We know there are people and organisations out there that are passionate about training young people in sustainable farming. We hope our new endowment fund will be an avenue for them to help us create a meaningful legacy for Waipaoa.”

Sunrise executive officer Glenda Stokes says the team at Waipaoa have done a fantastic job so far and she is confident Sunrise will be able to help them further their fundraising efforts. “We will work hard on behalf of Waipaoa to find new supporters. As well as donations, we do extensive work in the area of bequests. Wealth and inheritance are sensitive subjects and sometimes people find it easier to deal with a third party such as Sunrise when realising their philanthropic goals.”

All donations to the Waipaoa Station Farm Cadet Training Trust Endowment Fund will be invested, protected and grown. The surplus investment income will be returned to Waipaoa Station Farm Cadet Training Trust each year.

TRUSTEES have established the Waipaoa Station Farm Cadet Training Trust Endowment Fund at the Sunrise Foundation to help build long term financial stability into the organisation.

Waipaoa chairman Ken Shaw says although they have been operating for 10 years and are pleased with progress, a reliable ongoing source of revenue is the biggest challenge.

“We are lucky to have had the generous support of many individuals and organisations in the agricultural industry, which has helped us build Waipaoa into the success it now is. Even so, we have to secure our sponsorship every year and we know we can’t rely on the same people and organisations to keep giving year on year.”

Mr Shaw said although Waipaoa is growing the future leaders of red meat production, and beef and sheep as large export industries are crucial for New Zealand, they do not receive government funding.

“Waipaoa is one of the few cadet schemes to provide theory, practical and full residential training. Trainees study toward National Certificate qualifications while experiencing the annual farm cycle first hand.”

Waipaoa manager Denver Palmer says feedback from employers and industry representatives included that Waipaoa trainees display an in-depth knowledge of general farm practice, are work-ready and have a reputation for being well-rounded, confident and motivated to achieve.

“After 10 years we have graduated 50 well-trained cadets and now have employers coming to us to seek out our cadets as they finish. We’re proud to be shaping the people who will help shape the future of beef and sheep farming in New Zealand.”

The trustees and advisory board want to provide potential supporters with a transparent and safe means to do so and feel the endowment model at Sunrise provides the perfect vehicle.

Waipaoa advisory board’s John Osborne says one of the biggest challenges and a key focus for the board is to secure long term financial sustainability.

“It may appear that we are growing and prospering as an organisation, but the reality is every year we are a few key sponsors away from not balancing the books. We know there are people and organisations out there that are passionate about training young people in sustainable farming. We hope our new endowment fund will be an avenue for them to help us create a meaningful legacy for Waipaoa.”

Sunrise executive officer Glenda Stokes says the team at Waipaoa have done a fantastic job so far and she is confident Sunrise will be able to help them further their fundraising efforts. “We will work hard on behalf of Waipaoa to find new supporters. As well as donations, we do extensive work in the area of bequests. Wealth and inheritance are sensitive subjects and sometimes people find it easier to deal with a third party such as Sunrise when realising their philanthropic goals.”

All donations to the Waipaoa Station Farm Cadet Training Trust Endowment Fund will be invested, protected and grown. The surplus investment income will be returned to Waipaoa Station Farm Cadet Training Trust each year.

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