Update: KGC Investment Fund
The KGC Investment Fund has been established to support the Clubs long term financial security. A sub-committee has been formed to manage the fund and includes 3 independent members with financial/investment backgrounds (Wayne Cook, Gerry Verhaart, and Dick Borgdoff) plus the Club President and Treasurer. The sub-committee has had its first meeting and agreed that initial funds of $10,000 will be invested in a managed fund with a growth risk profile that reflects the long term focus of the funds. Our initial investment has been provided from funds raised at this year's KGC Twilight competition and a generous donation from one of our members.
We encourage members who wish to support the future of our Club to make donations to the Investment Fund as and when they can. As the Karori Golf Club is a registered charity, any donations can be claimed as a tax refund. If you wish to donate to the Fund, please include reference to the "KGC Fund" in your donation. The Club bank account is: 06-0501-0432338-00.
This is an exciting development for the Club, and we look forward to updating members on progress in growing the Fund.
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