Tapping Canadian experience running endowment fund

Canadian philanthropic expert Liz Palmieri shared her expertise with the Sunrise Foundation team on her recent visit to Gisborne. From left at back are Richard Briant, Kerry Taggart, June Hall, Glenda Stokes and Lilian Tangaere Baldwin. In front are Colin Christie, Liz Palmieri, Rob Dymock and Joe Martin. Picture by Marcus Brunner

Canadian fund-raising and philanthropic superstar Liz Palmieri had an “inspirational” visit to Gisborne’s Sunrise Foundation.

She was the first executive director of the Niagara Community Foundation in Canada from 2000 to 2016.

Under her leadership, the foundation grew from endowment funds of $200,000 to almost $50 million and granted more than $8 million to charities in the Niagara region.

Sunrise executive officer Glenda Stokes said the visit was inspirational and gave great hope that Sunrise could achieve its aspiration to grow into a significant asset for the community.

“Liz had great ideas. She has been there and done that. We can learn from her mistakes and her successes, to help us to grow Sunrise’s endowments and therefore the grants we can provide to needy causes in our region.”

She was invited to attend the Community Foundations of NZ (CFNZ) annual conference in Wellington last September and led a number of workshops.

She was subsequently invited back to work individually with the growing number of community foundations in New Zealand, including Sunrise.

Although relatively new to New Zealand, community foundations are the fastest-growing charitable organisations in the world and have been operating for more than 100 years in North America. They have helped millions of Canadians since 1921 to invest in building stronger, resilient and more equitable local communities.

Sunrise deputy chairman and CFNZ board member Colin Christie said Sunrise was fortunate to have Liz Palmieri share her wealth of knowledge and experience.

“Niagara is a small community reliant on agriculture and tourism. They have lost a lot of their large industries and have high unemployment, poverty and an aging population. Liz’s success in that challenging environment has shown us that you don’t need a large and wealthy population to build a successful community foundation.”

Since Sunrise launched three years ago, they have grown their endowment funds to $2.1m, have $5.5m pledged in people’s wills, and grants have been gifted to 61 worthy causes across the district’s arts, community, education, environment, health and sports, to a total value of $109,000.

Surplus investment income is available every year as grants.

Canadian fund-raising and philanthropic superstar Liz Palmieri had an “inspirational” visit to Gisborne’s Sunrise Foundation.

She was the first executive director of the Niagara Community Foundation in Canada from 2000 to 2016.

Under her leadership, the foundation grew from endowment funds of $200,000 to almost $50 million and granted more than $8 million to charities in the Niagara region.

Sunrise executive officer Glenda Stokes said the visit was inspirational and gave great hope that Sunrise could achieve its aspiration to grow into a significant asset for the community.

“Liz had great ideas. She has been there and done that. We can learn from her mistakes and her successes, to help us to grow Sunrise’s endowments and therefore the grants we can provide to needy causes in our region.”

She was invited to attend the Community Foundations of NZ (CFNZ) annual conference in Wellington last September and led a number of workshops.

She was subsequently invited back to work individually with the growing number of community foundations in New Zealand, including Sunrise.

Although relatively new to New Zealand, community foundations are the fastest-growing charitable organisations in the world and have been operating for more than 100 years in North America. They have helped millions of Canadians since 1921 to invest in building stronger, resilient and more equitable local communities.

Sunrise deputy chairman and CFNZ board member Colin Christie said Sunrise was fortunate to have Liz Palmieri share her wealth of knowledge and experience.

“Niagara is a small community reliant on agriculture and tourism. They have lost a lot of their large industries and have high unemployment, poverty and an aging population. Liz’s success in that challenging environment has shown us that you don’t need a large and wealthy population to build a successful community foundation.”

Since Sunrise launched three years ago, they have grown their endowment funds to $2.1m, have $5.5m pledged in people’s wills, and grants have been gifted to 61 worthy causes across the district’s arts, community, education, environment, health and sports, to a total value of $109,000.

Surplus investment income is available every year as grants.

Your email address will not be published. Comments will display after being approved by a staff member. Comments may be edited for clarity.

Poll

  • Voting please wait...
    Your vote has been cast. Reloading page...
    ​Do you support nurses in their rejection of pay and working condition offers, and their plan to strike twice next month?