6th
September

Trust Waikato $15million grant sets the stage for new Waikato Regional Theatre

Trust Waikato, one of the region’s largest philanthropic trusts, has just approved a grant towards the development of the new Waikato Regional Theatre.

“The Trust is pleased to be supporting the Waikato Regional Theatre which will be at the cutting-edge of many new and exciting developments”, says Trust Waikato Chair, Niwa Nuri

“We are supporting this project at an early stage as the benefits will be so wide-ranging and positive for our communities.  The new theatre will add to the cultural, economic and creative opportunities across the region for many years to come,” says Niwa.

The Trust Waikato grant totals $15million and it is hoped that this initial funding will encourage other funders, businesses and individuals to add their financial support towards the development of the theatre.

“We are very grateful to receive this funding from Trust Waikato,” says Leonard Gardner, Chair of Momentum Waikato, “it means the project is a step closer to becoming reality”.

“Trust Waikato has taken a leadership position and this grant recognises that the Waikato Regional Theatre is a project that will contribute to transformational change for the Waikato region,” says Leonard.

The Waikato Regional Theatre will be a significant draw-card for international and national performances and provide a much-needed central venue within the Hamilton CBD’s growing cultural precinct. 

The new theatre will be a place of inspiration and development for the Waikato region’s creative talent through learning and teaching opportunities.  It will also provide many opportunities for community engagement through multi-use public areas for gatherings, meetings and performances.  The Waikato Regional Theatre aims to foster relationships with performers and patrons across New Zealand, ultimately becoming a tourist destination in its own right.

After a very thorough process of site selection, the Hamilton Hotel in central Hamilton has been recommended as the location for the Waikato Regional Theatre. This privately-owned site on Victoria Street is bordered by Embassy Park and Sapper Moore-Jones Place and runs down to Waikato River.  The site is in a premium location within the cultural precinct and is close to vibrant hospitality activities, accommodation and the Waikato River.  It also provides an excellent opportunity to preserve the city’s built heritage.

The proposed plans include an 1100-seat theatre, lobby, multi-use areas and functional rooms for performers and technicians.  Its design will engage with and reflect the site’s pre-European cultural heritage and patterns of iwi settlement, as well as its unique setting adjacent to the river.  Physically the building will connect with the Waikato River, with open access and connection to promenades.

Due to prudent investment and fiscal management means, this grant from Trust Waikato is being made separately from the Trust Waikato donations budget. 

“This year the donations budget is $11.3million. The grant to the theatre is from donation reserves meaning the grant will not impact on the annual donations budget,” says Dennis Turton, Trust Waikato Chief Executive.

Trust Waikato is a keen supporter of projects that strengthen communities, encourage participation and inclusion, and support volunteers. It donates to not-for-profit community groups and projects across the greater Waikato region.

 

For further information contact:

Dennis Turton

Trust Waikato Chief Executive 

Phone: 027 482 1206

E: dennis@trustwaikato.co.nz

W: www.trustwaikato.co.nz

 

Key links for the Waikato Regional Theatre:

 

About Trust Waikato

  • Trust Waikato is one of 12 community trusts. It was established by government statute in 1988 to hold the shares of Trust Bank Waikato. These shares were sold in 1996 and the Trust now holds a range of international and domestic investments. Each year, the Trust distributes a percentage of its profits generated from the global investment portfolio.
  • Trust Waikato’s vision is for resilient and vibrant communities.
  • The Trust is in year one of its 2017-2027 Strategic Plan and key outcomes include:
    • Communities are engaged and connected
    • Communities are vibrant and resilient
    • Transformational change for vulnerable children, young people and families
    • Small communities are connected and resilient 
    • An effective, agile and collaborative community sector

Trust funding to the Waikato region

  • In 2016-17 the Trust approved over $11.6million in donations to 646 community projects around the region.
  • The Trust Funds are valued at over $371 million as at 31 March 2017.
  • The investments experienced excellent growth, returning 11.89% after fees at year end.
  • The Trust is a signatory to the Principles for Responsible Investment (PRI). The PRI provide an aspirational set of guidelines for ensuring that environmental, social and governance issues are taken into account by investors.
  • The Trust has set a donations budget of over $11 million for 2017-18.
  • There are three funding rounds every year and groups are encouraged to apply for donations at www.trustwaikato.co.nz
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