Ten local organisations receive a $2,500.00 grant from King Country Trust

King Country Trust (previously the King Country Electric Power Trust) is changing the way it distributes to consumer beneficiaries.

In the past, it has passed a major share of the annual income it earns from its investment portfolio (which includes a 25% shareholding in King Country Energy Ltd, a managed portfolio and term deposits) to eligible consumer beneficiaries by way of a credit on their power accounts.

Trustees confirmed their decision to grant ten local organisations a grant of $2,500.00 each in this financial year, in part to recognize the material effect that the shift away from a volumetric distribution may have had on them financially.

These organisations are:

In the Taumarunui area:  Manaaki Trust, Taumarunui High School and Community Trust, Avonlea, Te Arahina

In the Turangi area:  Turangi Toy Library, Animal Care Turangi, Family & Financial, Southern Lakes Probus

In the Ohakune area:  Ohakune 2000 Inc, Turoa Alpine Ski Club (local childrens’ ski program)