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It is with sadness that the University of Auckland has learned of the death of alumnus and Chair of The University of Auckland Foundation, Geoff Ricketts CNZM. Please click here to read his obituary.
The trustees are drawn from the alumni of the University of Auckland and the general public. Current trustees are: David Carter, Roger France (Chair - Investment Committee), Liz Hickey (Chair - Audit Committee), Jonathan Mason, Dr Arthur Morris, Sarah Roberts and Lyndy Sainsbury.
David Carter is a director of the Beca Group. Roger France is currently a director on the board of Southern Cross Medical Care Society and serves on the advisory panel of Next Foundation. Liz Hickey is a former director of Southern Cross Healthcare. Jonathan Mason serves as a director on the boards of Air New Zealand, Vector, Westpac and Zespri. Dr Arthur Morris is a clinical microbiologist and a director of Southern Cross Hospitals and Mercy Healthcare Auckland. Sarah Roberts is a director of Netcracker Technology. Lyndy Sainsbury is a trustee on the Edmiston Trust.
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.
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If you would like to learn more about helping with current Foundation projects or have any other questions please contact:
Foundations General Manager,
c/- Alumni Relations and Development, The University of Auckland
Private Bag 92019, Auckland 1142
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