Capital Foundation:

The Auckland City Mission Capital Foundation was set up out of a commitment to the work of the Auckland City Mission and the understanding that the financial vulnerability of the Mission impacts on its potential to consistently provide excellent service to those needing its help.

Providing financial security is a meaningful way the Auckland City Mission Capital Foundation can ensure that the work of the Mission is able to occur for as long as there is need. This reassurance allows the Mission to get on with their role of delivering practical assistance and support to those most in need in the community.

How the Auckland City Mission Capital Foundation Works:

The Auckland City Mission Capital Foundation has a base of capital comprised of donations specifically given for the foundation and legacies from supporters of the Mission. This capital is invested and the return from these investments provides an ongoing income stream, which is used to assist funding the Auckland City Mission's services.

It is the intention that the Foundation will only distribute the income from investments, meaning the capital base of the Foundation will remain untouched.

The initial capital base of the Foundation was $1 million, which was kindly donated by an anonymous benefactor. The same benefactor pledged $3 million to match donations to the Foundation on a dollar for dollar basis, until 2013, meaning investments in the Foundation will be doubled.

It is intended to build the capital base of the Foundation to $10million in the medium term. 

Auckland City Mission Capital Foundation website