New name, same goals for large funding agency

September 15th, 2015

The funding agency which has helped many Motueka development initiatives, Canterbury Community Trust, has a new name to better reflect its work through the top of the south island.

Today it announced its new name - Rata Foundation - with assurances that it will continue to operate as The Canterbury Community Trust (CCT) has operated.

"Essentially the work we do is all about people; and the people we fund are doing extraordinary things," said a spokeswoman. "This work will continue now and into the future for generations to come."

CCT was set up to hold 'in trust' for the communities of Canterbury, Nelson, Marlborough and the Chatham Islands the proceeds of the sale of the community's shares in what was previously the Canterbury Savings Bank.

"Our new name reflects our desire to be inclusive and give a sense of belonging to all of our four funding regions, something our previous name did not achieve. Overall we believe our new identity better reflects our core beliefs and strategic direction."

Rata Foundation has over half a billion dollars invested to support community organisations across our four funding regions. It returns over $20 million every year to communities, as well as reinvest to protect the value of the fund for future generations.

It has often been the first port of call for Motueka community organisations and projects that require both smallish and large funding assistance.

To find out more about the name change, what the funder does, and how they can help community organisations, visit www.ratafoundation.org.nz.

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