The Trust was formed in 1988 as the Trust Bank Bay of Plenty Community Trust to hold shares in the Trust Bank Group for the benefit of Bay of Plenty Communities
In 1996 this share, along with all the other shares in the Trust Bank Group, was sold to the Westpac Bank and the sale proceeds of approximately $90m invested by the Trust
Our name changed by dropping the “Trust Bank” part in 1998 and changed again to BayTrust in March 2006 to give the Trust a shorter more easily remembered name
Our Area is from Katikati to Turangi to Cape Runaway including Rotorua, Taupo, Tauranga and Whakatane. Link here for Area Map
We are known as BayTrust, but our official name is the Bay of Plenty Community Trust Incorporated
The original fund resulted from the sale of the Trustbank shares to Wetspac Bank in 1996.
The Trust now has a fund of approximately $193.4m (at 31 March 2015) invested in a carefully planned, diversified way, both locally and globally. Returns from these investments form the Trust’s income and are distributed to Bay of Plenty community groups by way of grants (and sometimes loans).
The Trustees aim to re-invest enough income each year to cover inflation and some population growth in the Bay of Plenty, plus in good income years to put some funds aside to cover grants in poorer income years.
Primarily to make grants to community groups serving the Bay of Plenty, in order to help build, strengthen and enhance present and future BOP communities.
The plan for 2016 – 2020 is to pay out $5m – $6m of grants per year.
The BayTrust Board of 12 Trustees is chaired by Mr Kenneth Brown of Tauranga.
Trustees are appointed by the Minister of Finance, and are from the various communities the Trust serves.
The BayTrust Office Staff are:
At BayTrust one of our core values is “Everything we do, we do well”, If you feel there's something we can do better, we would like to know about it. You can let us know by emailing email@example.com, or alternatively by emailing our CEO Alastair Rhodes at: Alastair@BayTrust.org.nz. All complaints will receive a careful hearing, a thorough and objective investigation and a response.
BayTrust is a also Registered Financial Services Provider and all complaints related to that role will be dealt with in terms of the FSCL Practical Guide for Members. You can find out more about this by visiting https://www.fscl.org.nz/, including how to lodge a complaint