Putting trust in fu­ture

Matamata Chronicle - - News -

A trust founded by a Waikato farmer who har­boured a life­long wish to have had a bet­ter ed­u­ca­tion is ben­e­fit­ing dozens of lo­cal students each year.

Seven­teen years af­ter it was es­tab­lished, the David John­stone Char­i­ta­ble Trust, man­aged by Guardian Trust, has formed an an­nual pat­tern of gen­er­ous schol­ar­ship dis­tri­bu­tions to grad­u­at­ing high school students be­gin­ning ter­tiary study in the re­gion.

This year, 37 students have each re­ceived $5000 to­wards their stud­ies, in­clud­ing Mata­mata Col­lege students Tay­lor Dou­glas and Maria Visser, among more than 180 sec­ondary-school grad­u­ates to have ben­e­fited from David John­stone’s gen­eros­ity in the past five years.

The 2012 re­cip­i­ents in­clude 25 young peo­ple en­rolled in sci­ence or teach­ing de­gree pro­grammes at the Univer­sity of Waikato, and 12 em­bark­ing on any field of study at the Waikato In­sti­tute of Tech­nol­ogy.

The trust is now worth $5.2 mil­lion and has dis­trib­uted more than $1.5 mil­lion since 1995.

The students for­mally re­ceived their schol­ar­ships at a pre­sen­ta­tion at Waikato Sta­dium on Novem­ber 7. The students and their fam­i­lies, school and ter­tiary rep­re­sen­ta­tives, and trus­tees of the David John­stone Char­i­ta­ble Trust and staff of Guardian Trust were in at­ten­dance.

David John­stone was a well-known farm­ing iden­tity in the Waikato. Many years of hard work – and trial and er­ror – made him a suc­cess in his field, but he main­tained an ap­pre­ci­a­tion for the value of ed­u­ca­tion.

His an­swer was to form a char­i­ta­ble trust in his name, with the ob­jec­tive of giv­ing young peo­ple fi­nan­cial help to fur­ther their stud­ies. El­i­gi­ble students are those en­ter­ing Waikato Univer­sity (and pur­su­ing a sci­ence or teach­ing de­gree) or Waikato In­sti­tute of Tech­nol­ogy.

Speak­ing at the pre­sen­ta­tion Guardian Trust’s gen­eral man­ager of per­sonal client ser­vices, Philip Mor­gan Rees, said the dis­tri­bu­tions high­light how en­dur­ing giv­ing is pos­si­ble when fa­cil­i­tated by a char­i­ta­ble trust.

‘‘Guardian Trust takes an ac­tive role as a trustee in manag­ing the David John­stone Trust, and the ob­jec­tive of our in­vest­ment man­age­ment ap­proach is to man­age the funds to pro­vide reg­u­lar dis­tri­bu­tions in sup­port of the cho­sen causes,’’ he said.

As part of the ad­min­is­tra­tion of the David John­stone Trust, nom­i­na­tion forms and cri­te­ria are sent to schools within the trust’s des­ig­nated area in Au­gust each year.

Tay­lor Guy Dou­glas from Mata­mata Col­lege pic­tured with David John­stone Char­i­ta­ble Trust chair­man David Lloyd and Guardian Trust’s gen­eral man­ager of per­sonal client ser­vices Philip Mor­gan Rees.


Newspapers in English

Newspapers from New Zealand

© PressReader. All rights reserved.