Central Lakes Trust was established to grant funds for community charitable purposes.
The Trust fund was created when the Otago Central Electric Power Board bestowed Central Lakes Trust with assets valued at $155 million in November 2000. The Trust has had a significant impact on many community groups since its inception, having approved grants totalling over $75M to 31 October 2015.
The Trust assists many community projects and services, but all must meet charitable criteria. For a purpose to be charitable, it must relate to one of the following four Heads of Charity:
the relief of poverty,
advancement of education,
advancement of religion, or
any other matter beneficial to the community.
Also, all projects or services MUST provide a public benefit, and MUST NOT result in private financial gain.