In 1955 an extraordinary group of 77 foundation members each donated £50 to a capital fund for Auckland led medical research. They recognised that Government research funding would never be adequate to provide all that was required for a sound and stable research base in Auckland and started a drive for life members, annual members and donors to sustain the Foundation.
An endowment was set up in perpetuity for administration costs, enabling 100% of donations to go directly to research, which constituted a strong offering to potential donors. From small beginnings, with many notable New Zealanders contributing on the way, they grew a sustainable and enduring investment fund to provide research grants every year.
On the evening of Monday 23 November, around 300 Foundation members, descendants of early foundation members, donors and supporters, and recipients of grant funding met at a special event hosted by BNZ Partners to celebrate this milestone. After the opening words from the Minister of Health, Hon Dr Jonathan Coleman, Prof Sir Peter Gluckman, Chief Scientific Advisor to the Prime Minister presented an address on the challenges and opportunities in this changing research environment and the many spillover benefits of New Zealand’s contribution globally.
Please enjoy the photos from the event (below), and the audio link of the addresses from the night (above). The presenters are:
Please view our latest newsletter with further details.