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Trust signs Memorandum of Understanding

Rodney Baker, Colleen Tuuta and Harvey Dunlop
Rodney Baker, Colleen Tuuta and Harvey Dunlop

TSB Community Trust co-signed a Partnership Memorandum of Understanding with Te Runanga o Ngati Mutunga, in New Plymouth on 20 February 2019.

Both entities share a focus on the wellbeing of people in their rohe (boundaries). The agreement will provide a foundation for both entities to explore a long-term partnership to improve wellbeing outcomes for Ngati Mutunga, and the wider community.

Working together, the potential capacity of both entities to contribute to Taranaki in the future is significant. Established in 2006 Te Runanga o Ngati Mutunga is the post-settlement governance entity representing the collective interests of Ngati Mutunga.

Chairperson of Ngati Mutunga Jamie Tuuta said, “Te Runanga o Ngati Mutunga is focused on working with like-minded organisations such as TSB Community Trust. We welcome the opportunity to work together with the trust towards the goal of delivering better outcomes for our tamariki in Taranaki in particular. We also look forward to partnering with the Trust in future projects where there is alignment with our strategic goals for our people and for Maori overall in the region.”

Established in 1988, TSB Community Trust is a Taranaki based philanthropic funder with significant assets, including TSB Bank Ltd and a controlling interest in Fisher Funds Management Ltd. Together these represent a combined fair value of over $1 billion.

In 2016 TSB Community Trust identified child and youth wellbeing as its key strategic focus, in response to needs identified through research into child wellbeing in Taranaki. That research also highlighted the importance of the Trust working with Maori to support improved outcomes for Maori.

In 2017, the Trust adopted a strategy to increase partnerships with Iwi, and formed its first formal iwi partnership, signing a relationship agreement with Te Kotahitanga o Te Atiawa Trust in March 2018 and Te Kahui o Taranaki in December 2018.

Harvey Dunlop, Chair of TSB Community Trust said, “The MoU with Te Runanga o Ngati Mutunga once again continues our commitment towards working in true partnership with Iwi in our region. This agreement formalises our commitment to Ngati Mutunga communities.”

An MoU is a voluntary agreement which describes an understanding between two or more parties. It is not a legally binding document and does not limit each organisation’s ability to act independently.