Notice 30 August 2019: Responsible Investment Policy Statement

About us

The University of Auckland Foundation is the steward and distributor of funds entrusted to it for specific educational charitable purposes, usually associated with the University of Auckland.

The trustees are drawn from the alumni of the University of Auckland and the general public. Current trustees are: Geoff Ricketts (Chair), David Carter, Roger France, Liz Hickey (Chair - Audit Committee), Jonathan Mason, Dr Arthur Morris, Sarah Roberts, Lyndy Sainsbury, and Cecilia Tarrant (Chair - Investment Committee).

Geoff Ricketts serves on a variety of corporate boards and charitable trusts including Heartland Bank and Next Foundation. David Carter is a Director of the Beca Group. Roger France is currently a director on the board of Southern Cross Medical Care Society. Jonathan Mason, recently retired as CFO of Fonterra, now serves as a director on the boards of Air New Zealand, Vector, and Zespri. Dr Arthur Morris is a clinical microbiologist and a director of Southern Hospitals. Sarah Roberts was a partner of the law firm Buddle Findlay. Liz Hickey is a director of Southern Cross Healthcare and chairs the External Reporting Panel for the External Reporting Board. Lyndy Sainsbury is a trustee on the Edmiston Trust. Cecilia Tarrant, formerly a managing director at Morgan Stanley in London, is now a director of Payments NZ.

The trustees meet four times a year to oversee: the use of gifts, fundraising activity, investment of funds, and audit. In addition the investment committee meets with its investment consultant (Cambridge Associates) to review investment policies and performance, and the audit committee meets with its auditors (EY) to prepare the annual financial statements and audit. The Foundation is registered with Charities Services (Number CC 10985).

Each Foundation endowment gift is invested into, and allocated its share of, the endowment investment pool which is structured for long-term growth while also allowing for some of the investment income to be distributed. In order to achieve this the trustees have instituted an endowment asset allocation that is described in more detail in the "Publications" section. The Foundation, apart from term deposits with New Zealand banks, makes no direct purchases of securities in its endowment pool. Instead, it invests in a number of commingled funds, both managed and passive, on the advice of its external investment consultants Cambridge Associates. All of the investment managers with whom the Foundation is invested are signatories to the United Nations Principles for Responsible Investment.