Trust Transfer

The Eastern Bay Community Foundation offers a simple, effective and practical solution for local charitable Trusts.

What is a Trust Transfer?

A trust transfer or trust resettlement is a simple way to wind up a Trust while still maintaining the original purpose, identity and legacy of the Trust. Operating a trust or charity has become challenging with new legislative changes, finding new trustees, investing capital and increasing compliance expectations. Trusts and Societies are looking for a solution. They don’t want to lose the history of their charity but realise they can’t continue in their current structure. 

How does it work?

• Your Trust or organisation sets up a Named Fund with the Eastern Bay Community Foundation.

• You set the purpose of the new fund, a tailored plan which would likely align with your original purpose.

• Grants are distributed every year, forever – creating a permanent funding stream for the causes you are passionate about.

• A portion of the income is distributed each year to the community while some income is retained to grow the fund.

• Your Trust will benefit from our low-cost structure so the purpose of the Trust can continue to be felt for generations to come.

• Eastern Bay Community Foundation produces annual reports of returns and distributions.

Why is the Eastern Bay Community Foundation a good option?

• No loss of identity or purpose, Retain the same name and mission but let us do the work.

• Funds are managed by investment advisors in line with our Statement of Investment Policy and Objectives (SIPO)

• We take care of all the legal, administrative, distributing and reporting requirements – leaving you free to focus your time and energy on the work your Trust was created to do.

• Grants are distributed every year, forever – creating a permanent funding stream

• Revitalise your Trusts story. We will ensure your Trusts story is told now and in the future.