Trust grants funding to exceed $2M for the first time

May 2024

Masterton Trust Lands Trust (MTLT) has doubled its annual grants funding this year to exceed $2 million for the first time.  This signals the Trust’s ongoing commitment to grow grants funding in perpetuity, in line with changes to population and the consumer price index.

For the last decade, MTLT grants funding has averaged around $1 million annually. More recently, during its 150th year in 2022, grants climbed to $1.5 million.  This year, annual grants funding will reach $2.274 million.

“This is money our  community can rely on MTLT to make available through grants to further education, cultural and community endeavours,” says Trust chair Christine Brewster.

“Community groups can have confidence that Trust funding for grants will increase each year.   We hope this provides certainty for our grant applicants today, tomorrow and into the future.”

The Trust’s target to reach $2 million for grants funding in 2024 marks the culmination of a six year journey to build financial resilience. “Our aim was twofold – increase grants funding to support our Masterton communities and secure its growth for the future. It’s heartening to know the work has paid off for the people of Masterton,” explains Ms Brewster.

Back in 2019, when the Trust embarked on its six year plan, Trustees were navigating costs associated with structural design issues in a number of its properties.  Soon after, Covid-19 delivered new economic pressures.

“The driver behind the Trust’s strategic plan was to ensure the Trust’s legacy of community service could not only endure but thrive,” explains Christine.

Today, the Trust funds a variety of education and community grants, including scholarships. It also supports community groups like Masterton’s Foodbank, through providing rent-free premises.

Applications for MTLT’s community grants are open now, and close on 30 June. The Trust offers two types of community grants – grassroots (up to $5,000) and impact (up to $20,000).

Photo caption: Oasis Charitable Trust Wairarapa received a community grant to $4,000 to instructor safety training to restore indoor rock climbing activities for youth.