Archive | Keystone Trust

Keystone Trust aims to raise capital base to $5 million in 5 years

The Keystone Trust, set up 21 years ago to provide support to tertiary students undertaking property-related studies, has announced ambitious plans to treble its funding capacity within 10 years.

The trust has built up a capital base of $1.3 million through corporate sponsorship & investments, and chair Mike Higgins said at the annual scholarships night last week it wanted to grow that capital base to $5 million by 2021 through investments, donations, major gifts & legacies.

Paul Duffy.

Paul Duffy.

In the last 2 years, Keystone has added 10 industry organisations to its sponsors, taking the total to 25, and Mr Higgins said the trust had taken the necessary steps in the last year to provide long-term financial independence, including establishing the Keystone Foundation.

To help the capital growth programme, Keystone trustees Paul Duffy (Hayphil Property Ltd) & Chris Gudgeon (Kiwi Property Group Ltd) have stepped down as trustees to focus on the Keystone Foundation. Mr Duffy was instrumental in establishing the Keystone Trust 21 years ago, chaired it for the first 17 years and will chair the new foundation.

Mr Higgins & Andrew Petersen (Bell Gully) will represent the trust’s governance & regulatory interests on the Foundation. Precinct Properties Ltd chief executive officer Scott Pritchard has been appointed as a new trustee.

Attribution: Trust release.

Continue Reading

Keystone makes 9 scholarship awards

Published 19 November 2005


The Keystone Property Education Trust handed out 9 scholarships last night, 4 of them under a new key sponsor programme.



It’s also the first year Keystone itself has awarded 5 of its own university scholarships. After starting with 2 in 1996, Keystone raised its awards level to 4 in 2001.


The new awards are targeted at specific industry sectors and are intended for more advanced study.


Bayleys award: Simone Brown, with a pharmacy degree from Otago University, is heading into her final year of Auckland University’s Bachelor of Property degree, focusing on valuation, project management & maximising returns on an asset.


Carson Group awards: Danelle Jones is in her final year studying architecture at Auckland University and will attend Melbourne University next year for a Master of Engineering Project Management. Simon Dumergue is studying for the Bachelor of Property degree at Auckland University.


Multiplex award: Tamati Parker, from Gisborne, had a Keystone study award to attend Waikato University for a diploma in quantiy surveying & construction management,  and will attend Unitec in Auckland next year for a Bachelor of Construction Economics degree.


The 5 Keystone awards went to:

Dane Hart, Ruawai, enrolled for a Bachelor of Engineering degree at Canterbury University
George Djknavorian, Wellington, property valuation at Massey University, Palmerston North
Jason Miles, Auckland, Bachelor of Engineering, Auckland University
Jethro Giles, Hamilton, mechanical engineering, Waikato University
Raukura Turei, Auckland, Bachelor of Architectural Studies, Auckland University.

Keystone chairman Paul Duffy said the trust wanted to increase its capital base from $1.25 million to $1.375 million next year, when it would increase its annual sponsorship from about $64,000 to $77,000.


Website: Keystone Trust



Earlier stories:


1 July 2005: Keystone Property Education Trust heads in new sponsorship direction


2 October 2003: Bringans trust to become Keystone Property Education Trust


 


If you want to comment on this story, write to the BD Central Discussion forum or send an email to [email protected].

Continue Reading

Keystone Property Education Trust heads in new sponsorship direction

Published: 30 June 2005


The Keystone NZ Property Education Trust is undergoing more structural changes as it nears the 100 mark in students it’s supported since its foundation in 1994.



Chairman Paul Duffy said at the trust’s annual cocktails for its Auckland students tonight the trust was supporting 27 students around the country this year.


In the past, students have been selected on their own merits rather than for the particular industry sector, then assisted, in common with many scholarships. But Mr Duffy said Carson Group would set a new trend after deciding to look for a student to support in its particular field of project planning & management.


Bayleys Real Estate would also sponsor a sector-specific award with Auckland University, for a conjunct commerce-property degree. Those awards will be announced at the trust’s annual dinner on 18 November.


Keystone started out in 1994 as the Graeme Bringans Property Education Trust in honour of former Cromwell Corp & St Lukes Group (now Westfield NZ) director Graeme Bringans, who died suddenly at the age of 48.


Mr Bringans left school at 15 but spoke often of the need for the property industry to grow more professionals. In its 11 years the trust has supported 94 students and now has a capital base exceeding $1 million to support ongoing tertiary student sponsorships.


Websites: Carson Group


Bayleys Real Estate


 


If you want to comment on this story, write to the BD Central Discussion forum or send an email to [email protected].

Continue Reading

Bringans trust to become Keystone Property Education Trust

Rebranding brings more emphasis on mentoring, on-job training

The Graeme Bringans Property Education Trust will be turned into the Keystone NZ Property Education Trust at its annual dinner on 1 November.

The trust was formed in 1994 to commemorate Graeme Bringans, former Cromwell Corp and St Lukes Group (now Westfield NZ) director, who died suddenly at the age of 48. He had left school at 15 but spoke often of the need for the property industry to grow more professionals.

The trust’s primary role has been to support & sponsor tertiary students, and it has now supported 27 students in a variety of courses.

Trust chairman Paul Duffy, now chief executive at Dominion Funds Ltd, said the trust had built a $750,000 capital base to provide income for student grants.

As Keystone, the trust intends to remain true to its original vision of offering financial support, but add emphasis on mentoring, on-the-job training & networking opportunities.

Continue Reading
WordPress Appliance - Powered by TurnKey Linux