Toi Foundation — Grants by Category 2024/25

Financial Year ended 31 March 2025  ·  Source: Official grant listing  ·  NZD  ·  1,178 entries  ·  Subtotal before refunds $26,370,358  ·  Net after refunds $26,048,161
$26,370,358
Gross Grants
$26,048,161
Net (after refunds)
1,178
Grant Entries
14
Categories
41.0%
Māori Kaupapa $

Funding distribution by dollar value — click any bar to open that category

No matching organisations found.

Trustee Conflict of Interest Analysis 2024/25

Cross-reference: trustee external governance roles vs grant recipients  ·  Direct and potential COIs only  ·  All grants ≥ $1,000  ·  Fringe sector-network associations excluded
10
Trustees
7
With direct COIs
$5,568,500
Unique Te Atiawa COI pool
21.1%
% via 3 Te Atiawa trustees
$1,261,000
Gardiner direct COI

Methodology & Classification Criteria

COI Trustee holds or recently held a formal governance or executive role in the recipient organisation, OR the recipient is a hapū/marae entity that falls directly under a PSGE governed or led by the trustee.
Potential COI A plausible governance or iwi relationship exists but is not a confirmed direct governance role. Warrants disclosure and scrutiny but not necessarily recusal.

Excluded from this analysis: (1) All grants below $1,000. (2) Sector-network associations — e.g. grants to secondary schools where the relevant trustee is Nicola Ngarewa, who is the Principal of Spotswood College; grants to other secondary schools are consistent with comparable grants across the region and do not in themselves constitute a COI. (3) Grants to commercial entities where the trustee's connection is as a controlling-shareholder representative (TSB Bank, Fisher Funds) — these are legitimate investment oversight roles, not personal conflicts of interest.

⚠ Note on double-counting: Trustees Wano, Poutu, and Tuuta share many of the same connected grants (all three are connected to Te Kotahitanga o Te Atiawa Trust and its hapū). Their individual COI totals are not additive. The unique pool of grants connected to at least one of the three Te Atiawa trustees is approximately $5,568,500 (21.1% of all grants).

Summary — Direct and Potential COIs by Trustee

TrusteeRoleIwi / Background Direct COI $Potential COI $ % directRisk
Wharehoka WanoDeputy ChairTe Atiawa, Taranaki, Ngāti Mutunga$4,618,500$49,50017.5%HIGH
Liana PoutuTrusteeTe Atiawa, Taranaki$4,206,000$59,50016.0%HIGH
Dion TuutaTrusteeNgāti Mutunga, Te Atiawa$4,140,000$54,50015.7%HIGH
Emma GardinerTrusteeNgāruahinerangi, Ngāti Ruanui$1,261,000$516,0004.8%HIGH
Nicola NgarewaTrusteeNgāti Ruanui, Ngā Ruahine$565,000$50,0002.1%MEDIUM
Bali HaqueTrusteeNone (NZ citizen, born Pakistan)$225,0000.9%LOW
Dianne MasonTrustee (from Jan 2025)None identified$32,5000.1%LOW
Ryan EagarTrusteeNone identifiedNONE
Chris UssherChairNone identifiedNONE
John O'SullivanTrustee / Holdings ChairNone identifiedNONE
Wharehoka Wano HIGH
Deputy Chair, Toi Foundation
Taranaki, Te Atiawa, Ngāti Mutunga, Ngāti Tama, Ngāti Awa
$4,618,500
17.5% · 16 direct COI grants

External Governance Roles

CEO, Te Tōpuni Ngārahu — governing body for Taranaki Maunga representing all 8 Taranaki iwi
Elected Trustee, Te Kotahitanga o Te Atiawa Trust
Chairperson, Taranaki Māori Trust Board
Chairperson, Taranaki Tū Mai Trust
Chairperson, Te Atiawa Taranaki Settlements Trust (fisheries)
Inaugural Co-Chairperson, Taranaki Maunga Co-Governance Board
Councillor, Te Tekau-mā-rua (advisory council to the Māori Monarch)

Connected Grants

OrganisationBasisFundAmountType
Te Kotahitanga o Te Atiawa TrustElected trustee of recipientMulti-Year$1,500,000COI
Te Matatini (Te Tōpuni Ngarahū Ltd Partnership)CEO of Te Tōpuni Ngārahu; organised the eventSIF P&E$802,500COI
Taranaki Mounga ProjectTe Tōpuni Ngārahu is the entity; Wano is its CEOMulti-Year$500,000COI
Urenui Pā TrusteesTe Atiawa hapū (Urenui) under PSGE he governsMulti-Year$430,000COI
Pukerangiora Management CommitteePukerangiora hapū directly under Te Kotahitanga o Te AtiawaSIF Capital$400,000COI
He Toronga Pakihi ki Taranaki Trust8-iwi Taranaki collective — Wano is a principal figureSIF P&E$395,000COI
Whakatipuranga Rima RauTe Atiawa multi-year programme under PSGE he governsMulti-Year$325,000COI
Pukerangiora Management CommitteeTe Atiawa hapūSIF P&E$60,000COI
Tawhitinui Marae - Ohounuku Reserve TrustNamed Te Atiawa marae under his governanceSCF Capital$36,000COI
Ngāti Rahiri Hapū o Te Atiawa IncNamed Te Atiawa hapū — directly under PSGE he governsSCF Capital$35,000COI
Te Atiawa Kaumātua Kaunihera TrustNamed Te Atiawa entitySCF Capital$30,000COI
Manukorihi Hapū Charitable TrustManukorihi hapū — named Te Atiawa hapūSCF Capital$25,000COI
Hapū Wānanga TaranakiTaranaki hapū collective within his governance domainOrg Resilience$25,000COI
He Toronga Pakihi ki Taranaki Trust8-iwi collective — Org Resilience grantOrg Resilience$25,000COI
Manukorihi Hapū Charitable TrustTe Atiawa hapū — programme grantSCF P&E$20,000COI
Manukorihi Pā Reserve TrustTe Atiawa hapūSCF P&E$10,000COI
Te Kōhanga Reo o Waitara (both grants)Te Atiawa heartland; no confirmed direct governance link to this specific kōhangaSCF P&E + Annual$32,500Potential
Manukorihi Pā Reserve Trust (annual)Te Atiawa hapū — annual grantSCF Annual$5,000Potential
Tawhitinui Marae (annual)Te Atiawa marae — annual grantSCF Annual$5,000Potential
Manukorihi Hapū Charitable Trust (annual)Te Atiawa hapū — annual grantSCF Annual$2,000Potential
Manukorihi Intermediate SchoolLocated on Manukorihi Pā; Te Atiawa affiliated but not directly governed by Te KotahitangaSCF Annual$5,000Potential

Assessment

Wano has the broadest direct COI exposure on the board. As CEO of Te Tōpuni Ngārahu he is the principal of the entity that received $802,500 for Te Matatini and $500,000 for the Taranaki Mounga Project. As an elected trustee of Te Kotahitanga o Te Atiawa he governs the organisation receiving the largest single grant ($1.5m). His governance domain also encompasses seven named Te Atiawa hapū entities receiving a combined ~$581,000. Total confirmed direct COI: approximately $4,618,500 (17.5% of all grants).

Liana Poutu HIGH
Trustee, Toi Foundation  ·  Non-executive Director, TSB Bank NZ
Te Atiawa, Taranaki Iwi
$4,206,000
16.0% · 14 direct COI grants

External Governance Roles

Pouwhakarae/Chairperson, Te Kotahitanga o Te Atiawa Trust — chairs the PSGE that received $1,500,000
Trustee, Tui Ora Ltd — Taranaki's largest Māori health/social services provider — received $900,000
Director, Te Atiawa Iwi Holdings Management Ltd — commercial arm of Te Atiawa
Trustee, Te Reo o Taranaki Charitable Trust
Member, Taranaki-Whanganui Conservation Board
Chair, Te Tōpuni Kōkōrangi (statutory Taranaki Maunga board)
Non-executive Director, TSB Bank NZ Board (controlling-shareholder oversight — not a personal COI, but noted: she thus sits on grant-making board, chairs largest grant recipient, and sits on foundation's bank board simultaneously)
Family: grandfather Ted Tamati was TSB Community Trust trustee 1988–2001

Connected Grants

OrganisationBasisFundAmountType
Te Kotahitanga o Te Atiawa TrustPoutu chairs this organisationMulti-Year$1,500,000COI
Tui Ora LimitedPoutu is a trustee of Tui OraMulti-Year$900,000COI
Urenui Pā TrusteesTe Atiawa hapū under PSGE she chairsMulti-Year$430,000COI
Pukerangiora Management CommitteePukerangiora hapū under Te Kotahitanga she chairsSIF Capital$400,000COI
He Toronga Pakihi ki Taranaki Trust8-iwi collective; Poutu is senior Te Atiawa figureSIF P&E$395,000COI
Whakatipuranga Rima RauTe Atiawa programme under PSGE she chairsMulti-Year$325,000COI
Pukerangiora Management CommitteeTe Atiawa hapū — second grantSIF P&E$60,000COI
Tawhitinui Marae - Ohounuku Reserve TrustNamed Te Atiawa marae under her PSGESCF Capital$36,000COI
Ngāti Rahiri Hapū o Te Atiawa IncNamed Te Atiawa hapū under PSGE she chairsSCF Capital$35,000COI
Te Atiawa Kaumātua Kaunihera TrustNamed Te Atiawa entity under her PSGESCF Capital$30,000COI
Manukorihi Hapū Charitable TrustNamed Te Atiawa hapū (Manukorihi)SCF Capital$25,000COI
Hapū Wānanga TaranakiTaranaki hapū collectiveOrg Resilience$25,000COI
He Toronga Pakihi ki Taranaki Trust8-iwi collective — Org Resilience grantOrg Resilience$25,000COI
Manukorihi Hapū Charitable Trust (P&E)Te Atiawa hapūSCF P&E$20,000COI
Te Kōhanga Reo o Waitara (both grants)Te Atiawa heartland; no confirmed direct governance link to this kōhanga specificallySCF P&E + Annual$32,500Potential
Manukorihi Pā Reserve Trust (both grants)Te Atiawa hapū — annual/programme grantsSCF P&E + Annual$15,000Potential
Manukorihi Hapū Charitable Trust (annual)Te Atiawa hapū — annual grant, modest amountSCF Annual$2,000Potential
Manukorihi Intermediate SchoolOn Manukorihi Pā; Te Atiawa affiliated but not directly governed by Te KotahitangaSCF Annual$5,000Potential
Tawhitinui Marae (annual)Te Atiawa marae — annual grantSCF Annual$5,000Potential

Assessment

Poutu presents the most acute structural conflict on the board. She chairs Te Kotahitanga o Te Atiawa (largest grant $1.5m) and is a trustee of Tui Ora Ltd ($900,000). Two of the largest grants in the grant list — totalling $2.4m — go to organisations she governs. Her PSGE chairmanship connects her to a further ~$1.1m in Te Atiawa hapū grants. Total direct COI: $4,206,000 (16.0%). Additionally, she is a Non-executive Director of TSB Bank NZ — the foundation's 100%-owned bank. This is a legitimate controlling-shareholder oversight role, not a personal COI, but the combination of all three roles in one person (grant-making trustee, largest grant recipient chair, and foundation bank director) is an unusual concentration.

Dion Tuuta HIGH
Trustee, Toi Foundation
Ngāti Mutunga, Ngāti Tama, Te Atiawa, Taranaki
$4,140,000
15.7% · 10 direct COI grants

External Governance Roles

Pou Whakahaere/CEO, Te Kotahitanga o Te Atiawa Trust — January 2021 to 2025; was CEO when $1.5m multi-year grant was approved
Director and Deputy Chair, Te Ohu Kaimoana (Māori Fisheries Trust) — from December 2023
Director, PKW Holdings Limited (Parininihi ki Waitōtara) — PKW Trust received $50,000
Interim CE, Te Rūnanga o Ngāti Mutunga (until May 2026)
Appointed Secretary for Māori Development / CE Te Puni Kōkiri from 1 July 2026 (after FY25 period)
Director, TSB Bank NZ; Director, Toi Foundation Holdings Ltd — controlling-shareholder oversight roles, not personal COIs

Connected Grants

OrganisationBasisFundAmountType
Te Kotahitanga o Te Atiawa TrustWas CEO when grant approved; simultaneously a Toi Foundation trusteeMulti-Year$1,500,000COI
Tui Ora LimitedTe Atiawa-led health org within Te Atiawa governance ecosystemMulti-Year$900,000COI
Urenui Pā TrusteesTe Atiawa hapū under PSGE he ledMulti-Year$430,000COI
Pukerangiora Management CommitteeTe Atiawa hapū under PSGE he ledSIF Capital$400,000COI
He Toronga Pakihi ki Taranaki TrustTaranaki 8-iwi collectiveSIF P&E$395,000COI
Whakatipuranga Rima RauTe Atiawa programme under PSGE he ledMulti-Year$325,000COI
Pukerangiora Management CommitteeTe Atiawa hapū — second grantSIF P&E$60,000COI
PKW TrustTuuta is a Director of PKW Holdings LimitedSIF P&E$50,000COI
Ngāti Rahiri Hapū o Te Atiawa IncNamed Te Atiawa hapū under PSGE he ledSCF Capital$35,000COI
Manukorihi Hapū Charitable Trust (combined)Named Te Atiawa hapū — capital + programme grantsSCF Capital + P&E$45,000COI
Te Kōhanga Reo o Waitara (both grants)Te Atiawa heartland; no confirmed direct governance link to this specific kōhangaSCF P&E + Annual$32,500Potential
Other Te Atiawa hapū annual grantsAnnual grants to Te Atiawa-affiliated entities — modest amountsSCF Annual$20,000Potential
Manukorihi Hapū Charitable Trust (annual)Te Atiawa hapū — annual grant, modest amountSCF Annual$2,000Potential

Assessment

Tuuta's most acute issue is timing: he was simultaneously CEO of Te Kotahitanga o Te Atiawa Trust and a Toi Foundation trustee when the $1.5m multi-year grant was approved — holding executive authority in both the granting body and the recipient organisation at the same point in time. His PKW Holdings directorship adds a second direct conflict ($50,000). His Te Atiawa CEO role connects him to the same hapū grants as Wano and Poutu. His TSB Bank and Toi Foundation Holdings directorships are legitimate controlling-shareholder oversight roles and are not classified as COIs.

Emma Gardiner HIGH
Trustee, Toi Foundation (appointed 2024/25)
Ngāruahinerangi, Ngāti Ruanui
$1,261,000
4.8% direct · $516,000 potential

External Governance Roles

Pouwhakarae/Chair, Te Korowai o Ngāruahine Trust — Ngāruahine Treaty settlement PSGE
Governor, Te Kīwai Mauī o Ngāruahine — tribal commercial/fisheries entity
Board Member, Te Tōpuni Ngārahu — Taranaki Maunga 8-iwi collective (alongside CEO Wano)
Trustee, Ōkahu Inuāwai Hapū
Director, Oriens Capital GP1 Ltd; Director, Tā Edge Ltd
Chartered Member, Institute of Directors NZ

Connected Grants

OrganisationBasisFundAmountType
Taranaki Mounga ProjectTe Tōpuni Ngārahu body — Gardiner is a board memberMulti-Year$500,000COI
He Toronga Pakihi ki Taranaki Trust8-iwi collective — Gardiner is on Te Tōpuni Ngārahu boardSIF P&E$395,000COI
Ngā Tātarakihi o Ngāruahinerangi Kōhanga ReoNgāruahinerangi kōhanga — Gardiner chairs the Ngāruahine PSGESIF Capital$243,000COI
He Toronga Pakihi ki Taranaki Trust8-iwi collective — Org Resilience grantOrg Resilience$25,000COI
Hapū Wānanga TaranakiTaranaki hapū collective within her governance domainOrg Resilience$25,000COI
Te Kiwai Matau o Ngāruahine Charitable Trust (capital)Ngāruahine entity — she governs Te Kīwai Mauī o NgāruahineSCF Capital$30,000COI
Te Kura o Ngā Ruahine RangiNgā Ruahine school — closely affiliated with NgāruahineSCF Capital$30,000COI
Te Kiwai Matau o Ngāruahine Charitable Trust (annual)Ngāruahine entitySCF Annual$3,000COI
Te Kura o Ngā Ruahine Rangi (annual)Ngā Ruahine schoolSCF Annual$10,000COI
Te Kāhui Maru Trust (combined)South Taranaki Māori — Ngāruahine area; no confirmed direct governance roleSIF P&E + Resilience$321,000Potential
Te Kura Kaupapa Māori o Ngāti RuanuiAffiliated iwi school; no confirmed direct governance role for GardinerSIF Capital$145,000Potential
Poutama InitiativeMāori enterprise — South Taranaki; no confirmed direct linkSIF P&E$50,000Potential

Assessment

Gardiner was appointed during FY25 so her influence on this year's decisions is limited. However she chairs the Ngāruahine PSGE whose kōhanga reo received $243,000, and her Te Tōpuni Ngārahu board membership ties her to He Toronga Pakihi ($420,000) and the Taranaki Mounga Project ($500,000). Direct COI total: $1,261,000 (4.8%). Potential COI (iwi affiliation clear, direct governance link unconfirmed): $516,000. The combined exposure of $1,777,000 (6.7%) is on a similar scale to the $500,000–$900,000 single grants that place Wano, Poutu and Tuuta in the HIGH category, which is why Gardiner has been classified HIGH despite being a recent appointee. As a National-era appointee, she nonetheless brings the same deep Māori governance ecosystem connections as the Labour-era trustees.

Nicola Ngarewa MEDIUM
Trustee, Toi Foundation
Ngāti Ruanui, Ngā Rauru, Ngā Ruahine
$565,000
2.1% direct · $50,000 potential

External Governance Roles

Principal, Spotswood College, New Plymouth
Board Member, Te Kāhui o Ngāti Ruanui Iwi Trust — Te Kura Kaupapa Māori o Ngāti Ruanui received $145,000
Presiding Member/Chair, Te Kura o Te Aho Pounamu (The Correspondence School of NZ) — ministerial appointment
Board Director, Ako Mātātupu (Teach First NZ Trust)
Former Chair, Teaching Council of Aotearoa NZ (2019–2022)

Connected Grants

OrganisationBasisFundAmountType
Te Kura Kaupapa Māori o Ngāti RuanuiShe is on the Ngāti Ruanui Iwi Trust board; this is the iwi's own schoolSIF Capital$145,000COI
He Toronga Pakihi ki Taranaki Trust (P&E)Ngāti Ruanui is part of this Taranaki iwi collective; she is on the Ngāti Ruanui boardSIF P&E$395,000COI
He Toronga Pakihi ki Taranaki Trust (Resilience)As aboveOrg Resilience$25,000COI
Spotswood CollegeNgarewa is the Principal. Amount ($50,000 capital) is within normal band — Inglewood High, NP Boys' High, and Opunake High all received identical $50,000 capital grants. Warrants disclosure and recusal as good practice; quantum gives no independent grounds for concern.SCF Capital$50,000Potential

Assessment

Ngarewa's direct COIs are her Ngāti Ruanui iwi board membership. Te Kura Kaupapa Māori o Ngāti Ruanui ($145,000) is the iwi's own school and she governs the iwi — direct COI. Her Ngāti Ruanui board membership also creates a direct COI for He Toronga Pakihi ($420,000 combined), the Taranaki iwi collective of which Ngāti Ruanui is a member. Total direct COI: $565,000 (2.1%) — higher than previously stated once both He Toronga Pakihi grants are correctly included. Spotswood College ($50,000) is a potential COI only — the amount is exactly in line with comparable schools and gives no independent grounds for concern, but disclosure and recusal from that specific decision would be good practice given she is the school's principal. All other education sector grants have been excluded as sector-network associations, not governance conflicts.

Bali Haque LOW
Trustee, Toi Foundation
None (NZ citizen, born Pakistan)
$225,000
0.9% · 1 direct COI (NPDC)

External Governance Roles

Elected Councillor, New Plymouth District Council 2022–2025 — NPDC received $225,000; Haque chaired NPDC Strategy & Operations Committee
Managing Director, Haque Consulting Ltd (educational policy consultancy)
Chair, Tomorrow's Schools Review Independent Taskforce 2018–19 (commissioned by Labour government)
Former Deputy CEO, NZQA; former President, SPANZ; former PPTA executive
Not standing for NPDC re-election 2025 — conflict resolves

Connected Grants

OrganisationBasisFundAmountType
New Plymouth District Council (Capital)He is an elected NPDC councillor and chaired NPDC Strategy & Operations CommitteeSCF Capital$75,000COI
New Plymouth District Council (Prog & Event)As aboveSCF P&E$150,000COI

Note on quantum: South Taranaki DC received $225,000, Stratford DC $235,000, and NPDC $225,000. All three district councils received comparable grants — no anomaly in amount. The COI is structural (he is a councillor) not quantum-based. All education sector associations removed.

Assessment

Haque has one clear structural COI: elected NPDC councillor while the council receives $225,000 in grants. The quantum is not anomalous relative to the other two district councils. This conflict resolves when his NPDC term ends in 2025.

Dianne Mason LOW
Trustee, Toi Foundation (appointed Jan 2025)
None identified
$32,500
0.1% · 1 direct COI

External Governance Roles

Trustee, New Plymouth Injury Safe Trust — received $32,500 ($30,000 prog + $2,500 annual)
Director and Principal, Dianne Mason Consulting
Co-author, Energy Resources Aotearoa Skills Plan 2022 (Taranaki energy transition workforce)
Former Senior Executive, Shell International (Malaysia, Poland, Netherlands)
Member, CA ANZ; Member, Institute of Directors NZ
Govett-Brewster Art Gallery Foundation Member

Connected Grants

OrganisationBasisFundAmountType
New Plymouth Injury Safe Trust (P&E)She is a trustee of this organisationSCF P&E$30,000COI
New Plymouth Injury Safe Trust (Annual)As aboveSCF Annual$2,500COI

Assessment

Mason has one modest direct COI: trusteeship of NP Injury Safe Trust ($32,500). As a January 2025 appointee she had minimal involvement in FY25 grant decisions. Low risk.

Ryan Eagar, Chris Ussher, John O'Sullivan NO COI
Eagar: Trustee  ·  Ussher: Chair  ·  O'Sullivan: Trustee / Holdings Chair
$0
No grant-level COIs identified
Ryan Eagar: Independent Director, Fisher Funds Management Ltd; NED and shareholder, Delta Insurance Group; Chairman, HouseMe Ltd; Managing Partner, Buffett Investments Ltd; Founding Member, Launch Taranaki. No governance connections to any grant recipient identified.
Chris Ussher: Director, Legal Solutions 2012 Ltd; Director, Toi Foundation Holdings Ltd (internal oversight role); former Treasury/MSD. No external grant-recipient connections identified.
John O'Sullivan: Chairperson, Toi Foundation Holdings Ltd (internal oversight); fintech entrepreneur; former Bell Gully/Allen & Overy/Lloyds Bank. No external grant-recipient connections identified.
Note: Eagar's role as Independent Director of Fisher Funds, and Tuuta/Poutu's roles as directors of TSB Bank NZ, are controlling-shareholder oversight appointments — legitimate investment governance, not personal conflicts of interest, and excluded from this analysis accordingly.
Compiled by Taranaki Research Group from official Toi Foundation grant data, financial statements, and public records.