The new TECT / Acorn partnership, that sees the Acorn Foundation being listed as one of three options where consumers can target their TECT rebate, has been described by Acorn Foundation General Manager Lori Luke as a great new way to support our community.
The new initiative reflects the collaboration between TECT and Acorn and signals the growing impact Acorn has within our region.
“In 16 years, the Acorn Foundation has grown to be a significant local funder," says Lori. "We now have over $28m in funds under management and our annual distributions will top the $1M mark later this year.
"We work hard to ensure those funds are meeting our community’s greatest needs, and this partnership acknowledges TECT’s support of our work.”
“Over the years, a number of consumers have donated their rebate back to TECT for community purposes," says TECT General Manager, Wayne Werder, "and have asked to see options available for their TECT rebate to go further in the community.
"The Acorn Vital Impact Fund is an ideal choice for TECT since it offers consumers the chance to make a long-lasting impact in the community.”
Vital Signs Research, which is commissioned every three years by Acorn and its regional partners, clearly identifies the Western Bay of Plenty’s most pressing issues at that time. The Acorn Vital Impact Fund then makes annual distributions to community organisations working in those identified areas of greatest need.
Past community recipients of the Vital Impact Fund include Youth Development/Graeme Dingle, Tauranga’s Women’s Collective, Katikati Maori Wardens and Volunteering BOP.
This year’s recipient was Awhina House, the new women’s night shelter in Tauranga.
Lori says the new TECT/Acorn partnership offers TECT consumers the opportunity to give to our community in a very meaningful way.
“Since the Vital Impact Fund invests donations, and interest earned from these investments is distributed each year to community organisations that support the Western Bay’s greatest needs, these gifts will keep growing and giving forever," says Lori.
TECT has recently informed all consumers of the new initiative that will give eligible consumers three choices to receive their annual rebate. The rebate can be paid directly into their bank account; credited to their Trustpower power account; or gifted directly to the community through the Acorn Vital Impact Fund.
“Donations of the rebate to Acorn will qualify for a 33.3% tax credit," says Lori, "so generous TECT consumers can get back when they give back to our region.”
According to Wayne, these new payment options will provide greater choice for people and less complications in receiving rebates.
“This is a logical step towards making it easier for TECT consumers to receive the rebate. They no longer need to go to the bank or worry about cheques going missing in the post," says Wayne.