Reminder that rules documents must be followed
Published 31 January 2018
In March 2015, following an investigation by Charities Services, the Glenn Family Foundation Charitable Trust removed itself from the New Zealand Charities Register. When the Trust did not appear to follow its rules relating to the disposal of its surplus funds, Charities Services made a referral to the Attorney-General (as the “protector of charities”).
The Solicitor-General (acting on behalf of the Attorney-General) has reminded trustees that trust deeds must be strictly adhered to, including on winding up of a trust. You can read more about the matter here(external link).
The process of winding up will be different for each charity depending on its legal structure and rules. Click here for useful information on deregistering and winding up a charity.