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)