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Fee-free philanthropic fund raises $475k in first year

But poor market performance and challenging conditions dampen donations.

The Freedom Fund hopes to grow to $3m under management in the next two years.

A fee-free philanthropic fund has nearly raised its $500,000 target in its first year but poor market performance means its subsequent donations have been limited.

Last October, fund manager and KiwiSaver provider Nikko launched a new philanthropic fund, from which it hoped to donate $50,000 a year

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Hamish McNicol Fri, 28 Oct 2022
Contact the Writer: Hmcnicol@nbr.co.nz
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Fee-free philanthropic fund raises $475k in first year
General Business,
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