Annual Report 2015

VICTORIA UNIVERSITY OF WELLINGTON FOUNDATION Contents

2 From the Chair 11 Passion and pragmatism behind untied bequest 3 From the Vice-Chancellor 12 Funding gives drug discovery chemistry

4 Our year real traction At a 13 5 Generous endowment for research centre Law prize honours top New Zealand judge $10.9 from Gama Foundation 14 Individual sacriﬁce marked by epic symphony million 6 First-in-family scholarships change lives 16 Trust for young photographers enters new era glance 17 Visiting Chair sheds light on global “footnote” 18 8 Ancient collection adds wealth Our year in pictures RAISED IN of knowledge 20 Victoria Benefactors’ Circle 22 Victoria Legacy Club DONATIONS 24 U.K. and U.S. Friends 25 Donations received

10 Earthquake Commission backs 28 Disbursements groundbreaking programme 30 Financial statements $2.6 million Foundation trustees $45 EARNED ON million INVESTMENTS DISTRIBUTED SINCE 1990 ₁ ₂ ₃ ₄ ₅

₆ ₇ ₈ ₉ ₁₀ 267 82 members members OF VICTORIA OF VICTORIA BENEFACTORS’ LEGACY CLUB ₁₁ ₁₂ ₁₃ ₁₄ ₁₅ CIRCLE

1. Craig Stevens (Chair) 2. Judge Ian Borrin (Deceased March 2016) 3. Prue Flacks (to February 2015) 4. Steven Fyfe 5. Professor Grant Guilford (Vice-Chancellor) 6. Ewan Henderson 7. Sir Neville Jordan KNZM, DistFIPENZ (Chancellor) 8. Leo Lonergan (Deputy Chair) 9. Brent Manning 10. Elaine McCaw (to February 2015) 11. Ian Mckinnon CNZM QSO JP (to January 2015) 12. Simon Murdoch CNZM (to February 2015) 13. Kerry Prendergast CNZM 14. Brian Roche (to August 2015) 15. Helen Sutch (to December 2015)

Cover image by Mike Heydon/www.jetproductions.co.nz. Late-Roman antiquity from the David Carson-Parker collection (see page 8). ISSN 2230-3723 (Print) ISSN 2230-3731 (Online) capital value of endowed funds and to provide ongoing support. Approximately three quarters of the Foundation’s investment portfolio is held for endowed capital funds, which ensures that the From the benefit of those numerous endowed projects will be long lasting. Vice-Chancellor The Victoria University Foundation Trustees’ Scholarship is a project that has given me much university and one of the great Securing the intellectual potential satisfaction since joining the board. This scholarship global-civic universities. Our put at risk through experience of offers first-in-family students a major helping hand strategic plan sets out a number disadvantage is a strategy that is to study at Victoria. I am pleased to advise that, to date, five students have received the benefit of of strategies that focus and vital to ensuring that New Zealand these scholarships, and the inaugural scholar, Vinny enable this vision. This report has the opportunity to employ Carroll, is now pursuing Master’s study. demonstrates how the work of the talented and qualified staff that As friends of Victoria University, Foundation supports the strategic represent the diversity of our From the Chair you play an enormously valuable plan and the wider goals society. The Foundation’s work My fellow trustees join me in thanking role. The financial support we of Victoria. in developing a first-in-family At the beginning of 2015, I was delighted to our many donors and sponsors who receive through the University programme, which supports young Foundation is incredibly be appointed chair of the Victoria University have contributed to the Foundation, New Zealanders who would not important to Victoria. It allows Among those is our intent Foundation and continue a journey started more thereby offering valuable support to the otherwise have the opportunity to us to assist more students, to develop a distinctive attend university, is an important than twenty-five years ago, when our charitable University. I also extend my gratitude to trust was first created. The Foundation has, in through prizes and scholarships, academic emphasis: we driver of progress in this area. the Development Office staff and to the that time, paid out more than $45 million for the and to improve the student have identified eight cross- There are many other stories trustees—particularly to deputy chair benefit of the University—to advance knowledge experience by developing new disciplinary themes derived highlighted in this report that Leo Lonergan—for their wisdom and teaching programmes and and to disseminate and maintain that knowledge from our positioning as New offer a glimpse of the breadth and through teaching and research. In the past year, energy in guiding the Foundation’s leading-edge facilities. depth of initiatives supporting our Zealand’s globally ranked the University has started to embed its new ambitious plans for the University. activities over the past year. It also enables us to further strategic vision. The Foundation supports that capital city university that All have the backing of generous strengthen the quality, quantity vision and has set upon a path that reflects these frame and develop our and visionary donors and and impact of our research by strategic goals, seeking funds for priority projects teaching, research and supporters, to whom I extend my I would like to acknowledge the considerable establishing new academic that could not otherwise proceed. sincerest thanks. contribution of those trustees who completed their positions and research institutes, public engagement. In 2015, the Foundation’s revenue and investment tenure in 2015—my predecessor Elaine McCaw and building library and art collections I would also like to thank Shelagh portfolios both had a sharp rise thanks to the also Prue Flacks, Ewan Henderson, Ian McKinnon, and presenting events that engage Murray, who served as executive Simon Murdoch, Brian Roche, Helen Sutch and Professor John Psathas’s epic philanthropic support of a range of organisations and our communities, such as director of Development and the Rick Zwaan—and welcome our new trustees— symphony No Man’s Land is a individuals. One of those donations was an incredibly public lectures. Foundation until late 2015. Robyn Bargh, Rick Christie, Bernadette Courtney, spectacular example of one of generous $7 million from the Gama Foundation Shelagh made a significant for Victoria University’s Institute for Governance Jonathan Gee, Sir Neville Jordan, Farib Sos and As supporters of Victoria, you those themes, cultivating creative contribution to Victoria’s and Policy Studies. The Institute was established Sir Maarten Wevers. also play a significant role in the capital. This outstanding work fundraising in her five years here in 2012 from an earlier $3 million endowment from success of the University through illustrates what Victoria can do It is with great sadness that we have learned of the and has left us in good stead. your own achievements. Many in this area and how we can take the Gama Foundation, a charitable trust set up by death of Judge Ian Borrin on 23 March 2016. Ian Christchurch philanthropists Grant and Marilyn continued to contribute his advice and support to of you are making important it to the world with the help of Nelson. Their enduring support for Victoria is the board despite suffering from long illness. contributions to the economic our generous supporters. The making a tangible difference in strengthening the We offer sincere condolences to his partner and social wellbeing of our city Earthquake Commission’s twenty- University’s reputation and ability to achieve its goal Jenny George and family. and our country and, in doing plus year investment in Victoria’s of advancing better government. so, are building the standing of expertise in earthquake science is We, the Foundation, look forward to continuing to the University. We value your another example of philanthropic The Foundation’s revenue for 2015 was $13.5 million, assist Victoria University in achieving its vision of wisdom, guidance, involvement support reinforcing our unique significantly higher than the $7.3 million achieved being a world-leading capital city university and one and influence. With your support academic strengths, in this in 2014. This revenue came from $10.9 million of the great global-civic universities. Professor Grant Guilford in donations and $2.6 million from investment and connections we have the case, enhancing the resilience earnings, equating to a 12-month aggregate return opportunity to take Victoria on a and sustainability of our natural of 8.8 percent. As a result, the Foundation’s total remarkable journey to be a heritage and capital. funds grew to more than $42 million year-end 2015. world-leading capital city The trustees approved a distribution of 6.1 percent of these investment earnings to maintain the real Craig Stevens 3 Our year Generous endowment for research centre from Gama Foundation With your support, the Victoria University of Wellington Foundation has raised and distributed funds for many and varied projects at Victoria in 2015. These projects reflect the interests of our donors and sponsors and the strategic priorities of the University as it sets out to become a world-leading capital city university and one of the great global-civic universities.

This annual report provides just a glimpse of the generosity that has enabled Victoria to undertake excellent research, teaching and public engagement in the service of local, national and global communities.

Brent Manning (Trustee), Professor Grant Guilford (Vice-Chancellor), Grant and Marilyn Nelson

The Gama Foundation has given management and decision making Victoria University’s Institute for “This is a wonderful in the public sector. It also Governance and Policy Studies endorsement of the work undertakes public policy research (IGPS) a $7 million boost to its on important contemporary issues. the IGPS has done and can work leading thinking and debate around issues at the heart of the do in the future to lead Michael Macaulay, the director democratic process. thinking on important of IGPS, says the additional questions facing society. endowment will support new The IGPS was established in 2012 It will allow Victoria to research initiatives, new research through an earlier $3 million deliver real beneﬁt for staﬀ and more PhD students. endowment from the Gama New Zealand.” Foundation, a charitable trust set up by Christchurch philanthropists Grant and Marilyn Nelson. Based in the School of Government Vice-Chancellor Professor Grant within Victoria Business School, Guilford says the Nelson’s donation the IGPS provides independent, is “extremely generous, thoughtful research-led thought leadership and far-seeing”. that seeks to improve governance

5 Trustees’ scholar 2013–15 Trinity has completed her first year of a Bachelor of First-in-family scholarships change lives Arts degree in Linguistics and Te Reo Māori, subjects she chose because of her passion for people, The inaugural recipient of the Victoria University language and culture. Foundation Trustees’ Scholarship, Vinny Carroll, has made it count. Despite some ups and downs, she says her first year was amazing. “I loved the experience of uni life and Embarking on a Master of Applied Statistics in 2016, figuring out how this whole ‘adulting’ thing is done! he says he unintentionally found himself immersed Finishing off first year with an A– average was also a in statistics in his second and third years, as part of big highlight, and now that I know how much work it his Bachelor of Science degree. “I took it as a useful takes to get top marks, I’ve set my sights on making subject that would help me later in my working life. the Dean’s List this year.” But then I realised the versatility of statistics and found myself drifting further and further towards Her advice for the new Trustees’ Scholars is to find epidemiology and medical statistics as a a mentor. “In every area of your life, be it personal, career path.” academic, financial, where you don’t feel confident enough to manage on your own, invite a mentor you Vinny says receiving the Trustees’ Scholarship for respect to walk alongside you. That’s what’s helped the three years of his undergraduate degree was propel me forward faster than I could have ever life changing. “It gave me the opportunity to attend achieved alone.” university. It gave me a support system of people who had been in similar situations to me and who were willing to take the time to help me. It gave me Trustees’ scholars 2016–18 financial security and meant that I could focus on achieving, rather than stressing about money.” Northland’s Anna-Marie Southern, Tokoroa’s After Victoria, Vinny plans to travel in Asia and Tamatha-Kaye Paul and Kasandra Hart-Kaumoana Europe for his OE and then has his sights set on from Te Awamutu are the latest recipients of the returning to New Zealand to work in public health. Foundation Trustees’ Scholarships. Trustees’ scholars Vinny Carroll, Anna-Marie Southern, Trinity Thompson-Browne, Kasandra Hart-Kaumoana and Tamatha-Kaye Paul. “But this may change as opportunities arise, I don’t Each will be supported for the next three years want to close any doors for myself before they of their undergraduate studies by the University Foundation. The Victoria University Foundation Trustees’ academic standard, show good character and have opened.” Scholarship was established in 2012 to assist leadership qualities, contributed to cultural students who are first in their family to attend and/or sporting activities and participated in university. Chair of the Foundation, community service. Trustees’ scholar 2015–17 Graduate Women Wellington Craig Stevens, says the scholarship aligns First-in-Family Scholarship closely with the University’s strategic goal of Trinity Thompson-Browne needs only one word to securing the intellectual potential put describe the Trustees’ Scholarship: freedom. at risk through experience of disadvantage. “We recognise the need to encourage the Graduate Women Wellington has been next generation to fulfil their potential “I never get over how huge an impact this a constant and instrumental supporter scholarship has made and continues to make. While “This is a very real way in which we can help increase and appreciate the value of providing a of female students at Victoria. The no amount of money solves life’s problems, this Graduate Women Wellington First-in- enrolments of talented students currently denied supportive environment where a student scholarship affords the rare luxury of alleviating the access to university study by their social, cultural or is mentored and equipped with life and Family Scholarship, now entering its need to worry about financial burdens. That for me is third year, is a growing programme that financial circumstances or disabilities.” work experience while studying,” says what makes this scholarship so special—whomever recognises the need to support and The scholarship includes full tuition fees, a stipend, Mr Stevens. it is gifted to is also gifted a degree of freedom most encourage the next generation of women mentoring and work experience for three years. students never experience.” to fulfil their potential. As well as being the first in the family to attend Originally from Christchurch, Trinity’s family lived university, scholars must have achieved to a high Current recipients of the scholarship are in Auckland for five years, so she considers both Holly Siemonek and Widad Ballo. Both are cities home. She says her motivation to apply for a studying towards a Bachelor of Arts. scholarship was born from a mixture of hope and necessity.

6 7 Dr Judy Deuling, Professor Arthur Pomeroy and Dr Mark Masterson from the School of Art History, Classics and Religious Studies. Ancient collection adds wealth of knowledge

A collection of more than 70 late-Roman The process of cataloguing the collection, including antiquities will be a signiﬁcant—and stunning— photographing and writing descriptions for each of addition to Victoria University’s Classics Museum the pieces, is well underway and Dr Masterson says and to the knowledge base of future students. they should be on display from the second trimester of 2016. They will be housed in a purpose-built, The pieces were gifted to the museum through the earthquake-proof cabinet in the Classics Museum Victoria University Foundation by Jeremy Commons, in Old Kirk building, which showcases a well-chosen whose late partner David Carson-Parker brought collection of Greek and Roman artefacts. them to New Zealand from Syria in the 1970s.

Dr Mark Masterson from the School of Art History, Classics and Religious Studies says the collection “As a friend, it’s touching that something dates from the middle-to-late Eastern Roman Empire that was so important to David can serve and features a range of artefacts, including glassware as a lasting reminder of him here at and pottery. “The glass pieces are my favourites; Victoria,” says Dr Masterson. some of them are quite dazzling. But the items of “I’m very happy to be able pottery are of particular note given David’s own to remember him in this artistry and talent for throwing pots.” way and that the collection will be named in If you are interested in viewing the Mr Commons says that as a potter, David was interested in the work of all countries and periods, his honour.” collection, email the classics administrator and it was an immediate and spontaneous feeling at [email protected] to arrange access to of aﬃnity with Roman pottery that prompted him to the museum. collect it.

8 Images: Mike Heydon/www.jetproductions.co.nz Earthquake Commission Passion and pragmatism backs groundbreaking behind untied bequest programme A generous untied bequest collection. His acquisition of from the late Chancellor Gate III by Colin McCahon, was, The Earthquake Commission’s enduring commitment to research and Emeritus Professor Tim according to Professor Beaglehole, and education is behind a new programme that will enable the Beaglehole is a reflection of his “the highpoint of my thirty years School of Geography, Environment and Earth Sciences (SGEES) passion for Victoria as much as with the university collection, to further strengthen its world-leading research and teaching in his pragmatism. and indeed, probably one of the earthquake science. highpoints of my whole career at His wife, Helen Beaglehole, the university.” The Earthquake Commission (EQC) has been one of Victoria University’s says Tim’s experience as an longest-standing funders with its comprehensive view of earthquake administrator at Victoria University His keen support of students’ management and mitigation underpinning cross-disciplinary research and meant he understood that any cultural and sporting pursuits— teaching. This support has included funding the EQC Fellowship in Seismic money could be far more usefully both as a student deeply immersed given if it wasn’t tied to a specific in student politics, and as a staff Studies since 1994, and more recently, the EQC Chair in the Economics of cause and could be applied where member—was acknowledged Disasters at the School of Government. most needed. when he was made a life member of the Victoria University of The SGEES head of school, Associate Professor John Townend, who “Tim was passionate about the was EQC Fellow from 2003 to 2015, will direct the new EQC Seismology Wellington’s Students’ Association place and was delighted about after his retirement in 1995. The and Fault Mechanics Programme. He says EQC’s investment will allow the way it was developing. But he same year, he was awarded the Victoria to sustain and develop research and teaching capability in New was well aware of the difficulties of title of Emeritus Professor. Zealand that increases scientific understanding of the physical processes financing such an institution and controlling earthquake occurrence. This will ultimately contribute to wanted the University to decide He continued his involvement making communities more resilient to earthquake hazard. where the money could be best with Victoria in his retirement, spent.” serving for many years on the “EQC’s ongoing support demonstrates the value it places on scientific University Council, including four knowledge and capability-building, with which we can better understand years as Chancellor. His significant the hazards posed by earthquakes and mitigate their effects. Professor Beaglehole died contribution to the University was in July 2015, leaving a further recognised in 2013 when “Victoria’s nationally unique expertise in seismology and fault mechanics, the area adjoining the Hub was our location in the capital city, and our vital relationship with GNS Science profound legacy at Victoria named in his honour as the Tim and other research organisations, make us an ideal partner for EQC,” that spanned many decades, Beaglehole Courtyard. he says. as a member of a family with long and significant Vice-Chancellor Professor Grant Guilford says Professor Beaglehole associations with the has left Victoria with a rich and University, a student, a lasting legacy. staff member, a respected historian, a senior academic “He was an outstanding scholar leader, a member of the and one of the University’s enduring supporters.” University Council and as Chancellor.

He also played a pivotal role in establishing the renowned Victoria University art collection, helping grow a staﬀ-funded arrangement into a major

PhD students Laura-May Baratin and Calum Chamberlain servicing a Victoria-operated seismic station on Mount Fox. 11 Image: Emily Warren-Smith Law prize honours top New Zealand judge

A prize in private law will serve as an enduring reminder of Sir Ivor Richardson’s impact on New Zealand’s legal landscape and his long association with Victoria University.

Sir Ivor died in December 2014 and left a bequest to Sir Ivor’s longstanding relationship with the Professor Gavin Painter and Professor Richard Furneaux at the Ferrier Research Institute. the University that has enabled the Faculty of Law to University started in 1967 when he joined the Faculty establish the I.L.M. Richardson Prize in Private Law. of Law as a professor. He went on to serve as dean The prize recognises outstanding performance by a between 1968 and 1971. After returning to private Funding gives drug discovery law student at Victoria University across contract, practice for a period, Sir Ivor was appointed to equity, property and tort law. the High Court in 1977 and elevated to the Court of Appeal the same year. During his twenty-five chemistry real traction Pro Vice-Chancellor and Dean of Law Professor Mark years at the Court of Appeal, including seven as its Hickford says Sir Ivor’s gift will help support some of president, he maintained his ties with Victoria as New Zealand’s best and brightest young law students Trailblazing chemistry at Victoria’s internationally chemistry behind immunotherapy technology. Pro-Chancellor from 1979 to 1984 and Chancellor in an area of the law in which Sir Ivor was renowned. renowned Ferrier Research Institute is helping This potentially game-changing synthetic vaccine from 1984 to 1986. On his judicial retirement in 2002, transform the landscape for future drug treatment treatment activates a patient’s own immune Sir Ivor was made a distinguished fellow of the of serious illness, including Alzheimer’s, cancer, response to attack cancer cells. With the initial Law Faculty. and stroke. In 2015, the Development Office research focusing on melanoma and brain cancer, Professor Mark Hickford says Sir Ivor’s contribution focused on developing philanthropic support for recent support from the Genesis Oncology Trust has Lady Richardson says she hoped the the Institute’s work. expanded the programme to include breast cancer, to private law, both through his judicial decisions prize would open doors between the and wider influence, was enormous. and will enable human trials of an affordable, less university and the business community. Thanks to a range of donors, including the Genesis toxic treatment. Oncology Trust, the Infinity Foundation and the “Throughout my husband’s association “Sir Ivor was a lawyer, judge, academic and teacher Stewart Charitable Trust, the Ferrier Research Another important donation from the Infinity with Victoria University, he always of the highest calibre. It is very special that his Institute has been able to expand its research Foundation has enabled the Institute’s Professor encouraged greater interaction between passion for legal education and for strengthening academic and business ties can be honoured through programmes being carried out with partners around Gary Evans to expand his research team in its quest academic lawyers and business. I hope this prize.” the world. to redesign the chemical composition of drugs in this prize will support some promising the future. By looking at the structure of drugs, it is students in that direction.” One of those partnerships, with the Malaghan possible to make them more targeted and with far Institute of Medical Research, aims to improve fewer side effects for patients. outcomes for cancer patients. Professor Gavin Painter is leading the team spearheading the

12 13 Individual sacriﬁce marked by epic symphony

A large cast of generous donors has enabled internationally acclaimed composer Professor John Psathas from Victoria’s Te Kōkī New Zealand School of Music to create No Man’s Land, an epic symphony of musical and cinematic commemoration.

Among them, alumnus Adrian Durham, a Bachelor of Music graduate and long-time supporter of Professor Psathas, gave a signiﬁcant ﬁnancial contribution to the project. Other funding came from the Lottery Grants Board, British High Commission, Embassy of the Republic of Poland, New Zealand France Friendship Fund, and the New Zealand India Research Institute. Support in kind also came from the New Zealand Defence Force and Park Road Post Production.

No Man’s Land premiered at the New Zealand Festival in Wellington in March. Over the past year, Professor Psathas and his team visited battlegrounds and other important World War I sites, bringing together 150 musicians from more than 20 countries to record an original piece of music honouring the sacriﬁce of individuals from many of the nations aﬀected by the Great War.

These musical collaborations were fused into an 80-minute ﬁlm that was projected alongside an international group of musicians on stage, creating a live and virtual global orchestra.

Professor Psathas says that by respectfully acknowledging the suﬀering of so many, he wanted the project to be seen as an expression of hope, especially for countries currently in conﬂict, and of how music can bring people together.

“By celebrating positive human connections through music, No Man’s Land is a deeply emotional response to war, then and now.”

Following performances in Wellington and at the Auckland Arts Festival, No Man’s Land is being taken on a major-centre tour of New Zealand, including performances at WOMAD in Taranaki. There are also plans to bring the work to key festivals in other participating countries.

14 Images: Mathew Knight Visiting Chair sheds light The Sir Howard Kippenberger Chair on global “footnote” was established in 2006, in honour of Professor Thitinan Pongsudhirak, “Countries that were nowhere to Major-General Sir the 2015 Sir Howard be seen in 1945—China, India, Howard Kippenberger Kippenberger Visiting Chair in Indonesia—are now triumphing.” KBE CB DSO ED, one of Strategic Studies, has much He acknowledged New Zealand’s New Zealand’s most to say on what New Zealand is geographical position as “a distinguished soldiers, doing right—and wrong—as an footnote to the world map” but an eminent scholar and Asia-Pacific nation. urged New Zealand not to distance strategist. The Chair was itself from global happenings, no established with funding The internationally regarded matter how changeable they are. from the Garfield Weston analyst and commentator from Dr Pongsudhirak said New Bangkok’s Chulalongkorn University Zealand’s Asia-Pacific political Foundation in Britain, the spent eight weeks in New Zealand strategy is trade and prosperity New Zealand Defence Force during his tenure with the Centre focused. He warned we need to and the Royal New Zealand for Strategic Studies. While here, consider longer-term geopolitical Returned and Services’ he gave public talks and led dynamics and have a more Association (Incorporated) Trust for young photographers roundtable discussions throughout comprehensive approach that is New Zealand, including with through the Victoria responsive to the disordered and University Foundation and enters new era government agencies, the New highly changeable global system. Zealand Defence Force, the New coordinated by the Centre Zealand Institute of International “Overall, New Zealand’s doing for Strategic Studies. The endowment of the Ronald Woolf Memorial to take over, “to take it to a different level, and do Affairs and the Asia New Zealand very well, but you need to be Trust funds to the Victoria University Foundation things that are in line with what my father wanted”. Foundation. He also published a disciplined to keep it up. You need will provide new opportunities for aspiring Pro Vice-Chancellor and Dean of the Faculty of series of articles in Asian media to be vigilant for your economic photographers, curators of photography and art dealing with regional security and fiscal immunity. You need to historians. Humanities and Social Sciences Professor Jennifer Windsor says the University is uniquely positioned issues and New Zealand’s role stay tuned in to what’s happening The Ronald Woolf Memorial Trust was set up in to realise the potential of the Trust. “We are well in them. in the world.” 1987 after a helicopter accident took the life of the placed to foster their understanding of photography In his public lecture at Victoria in celebrated photographer. Since then, the Trust and its evolution through time, and to mentor the August, Global Disorder and Asia- has cultivated learning opportunities for young next generation of photographic historians, curators Pacific Consequences: A Southeast photographers through its annual scholarship and and students of photography.” Asia View, Dr Pongsudhirak said photographic exhibition. Possible initiatives include the development there had been an unravelling Ronald’s daughter Deborah Hart says her father of an Honours- or Master’s-level photographic of global order since World War had long envisioned establishing a trust dedicated history course, enabling students to attend II and the power structure had to supporting young photographers. “The Trust is conferences, prepare for exhibitions or commission a changed. very important to the family. But it was becoming photographic project. increasingly difficult to ensure the funds were going to the right people. We started to think maybe The Foundation will invest the endowment in there’s a better way to support young photographers perpetuity and the Adam Art Gallery will jointly and people with an interest in photography.” administer the funds with Victoria’s art history department. The Foundation hopes to grow the After extensive research, the Trust decided the endowment fund. If you would like to find out more, Victoria University Foundation was ideally suited contact our Development Office.

Three generations of Ronald Woolf’s family celebrate the new era of the Memorial Trust. From left: Megan Hall, Simon Woolf, Inge Woolf (seated), Sam Hart, Deborah Hart, Noah Woolf and Lily-Jane Woolf (front)

16 Our year in pictures

1. Victoria Legacy Club event in the Adam Art Gallery: Charlotte Beaglehole.

2. Ronald Woolf Memorial Trust celebration: Craig Stevens and Inge Woolf.

3. Victoria Legacy Club event: Professor Frazer Allan, John Greenwood and Malcolm McCaw. ₁ ₂ ₅ ₆

4. Hunter Club in the J.C. Beaglehole Room: Kathryn Whittﬁeld and Philippa Ward examine the recently acquired illustrated art volume Recueil Crozat, published in Paris in the eighteenth century.

5. Hunter Club in the Adam Art Gallery: Gordon Brown OBE and Bill Alington at the exhibition of The Private World of Gordon H. Brown: Art Historian, Artist, Collector, featuring works gifted to the University in 2010.

6. Reserve Bank of New Zealand lecture: Professor Bob Buckle, Professor Stephen Haber, 2015 Reserve Bank Professorial ₃ Fellow in Monetary and Financial Economics and Dr John McDermott, Assistant Governor and Head of ₇ ₈ Economics at the Reserve Bank.

7. Adam Prize in Creative Writing: 2015 recipient Nick Bollinger with Verna and Denis Adam.

8. Distinguished Alumni Awards dinner: Trustees’ scholars Vinny Carroll and Trinity Thompson-Browne.

9. Brad McGann and David Carson-Parker Awards: Ken Duncum, Trevor Haysom, Ali Burns (winner of the Brad McGann Film Writing Award), David Brechin-Smith (winner of the David Carson-Parker Embassy Prize in Scriptwriting), Jonathon Hendry and Jeremy Commons.

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19 Organisations Ministry of Social Development Accident Compensation Corporation Mitsubishi Motors NZ Ltd Victoria Benefactors’ Circle Adam Foundation New Zealand Community Trust Victoria Benefactors’ Circle Antarctica New Zealand New Zealand Defence Force members have given private The Victoria Benefactors’ Circle was established in 2012 to acknowledge Victoria University’s most ANZ Bank New Zealand Ltd New Zealand Earthquake Commission donations of $10,000 or significant donors and sponsors. Asia New Zealand Foundation New Zealand Institute of Architects Bank of New Zealand New Zealand Institute of Management more, or organisational Individuals Dr David Evison Viggo Mortensen Bell Gully New Zealand Law Foundation sponsorship of $50,000 Dr Ngaire Adcock* Margaret Evison Naomi Morton* BP Oil New Zealand Ltd New Zealand Lottery Grants Board or more. For more Craig Andrews* Rosemary Evison Peter Morton* Brierley Investments New Zealand Post Ltd Gwendoline Angelo* Lindsay Fergusson David Newman* British High Commission New Zealand Trade and Enterprise information on becoming Professor Tony Angelo, ONZM Greta Fernie Margaret Nielsen, ONZM Buddle Findlay New Zealand Treasury a member, contact Miles Armstrong Hon. Christopher Finlayson, MP James Ogden, Hunter Fellow Building Research Association of Ngā Tāngata Tiaki o Whanganui Michele Downer at Emeritus Professor Neil Ashcroft DSc Robert Fisher Elizabeth Orr, CNZM, LitD New Zealand Powerco Ltd and Judith Ashcroft Clare Galambos-Winter, Hunter Fellow* Emeritus Professor Gordon Orr* Callaghan Innovation Research Ltd PricewaterhouseCoopers [email protected] Dr John Bailey* Emeritus Professor Sir Lloyd Geering, Sebastian Page* Cameron Family Trust Rotary Club of Wellington or +64-4-463 5871. Paul Baines, DCom, Hunter Fellow ONZ, CBE Donald Park Cement & Concrete Association of Te Rūnanga o Ngāi Tahu Anne Ballinger Dame Jennifer Gibbs, DNZM Lynda Park New Zealand Saad Foundation Thomas Ballinger* Alan Gibbs Gary Plowman, QC Chapman Tripp Sound Investments International Emeritus Professor Peter Barrett Emeritus Professor Maurice Goldsmith* Christopher Pottinger* Chartwell Trust South Pacific Pictures Ian Baumgart, QSO* Gerard Gordon, Hunter Fellow* Dr Petpiboon Prasit Cisco NZ Ltd Spark New Zealand Ltd Emeritus Professor Tim Beaglehole, ADS* Emeritus Professor Ian Gordon, LitD* Professor John Prebble Contact Energy Ltd St John’s in the City John Beaglehole Peter Graham Peter Preston-Thomas* Creative New Zealand Dr Marie Bell, CNZM* Neil Gray Stewart Charitable Trust Susan Price Datacom Group Ltd Lex Benson-Cooper Phillip Green Stout Trust Bernard Randall Deane Endowment Trust Peter Biggs, CNZM and Mary Biggs Brian Hansen Sutherland Self Help Trust Dame Patsy Reddy, DNZM Department of Internal Affairs Tan Sri Datuk Halim Bin Saad, ADS, DCom Rt Hon. Sir Michael Hardie Boys, Professor Jack Richards, DLitt Thompson Family Foundation, Inc. GNZM, GCMG, QSO, LLD The Dominion Post Barbara Blake Rt Hon. Sir Ivor Richardson, PCNZM, LLD* Todd Foundation Deborah Hart Economic Development Group Judge Ian Borrin, Hunter Fellow* Yvonne Riddiford Tower Corporation Holdings Ltd Vivien Hirschfeld Ericsson New Zealand Ian Boyd, ONZM, ADS Glenn Schaeffer, LitD Transpower New Zealand Ltd Professor Peter Hogg, QC, OC Ernslaw One Ltd Karis Boyd* Richard Scobie Trinity Newman Foundation Dr Patricia Holborow* Gama Foundation Daniel Bradshaw Professor Shayle Searle* Turnovsky Endowment Trust Ross Holmes Garfield Weston Foundation Malcolm Brow Dr Mansoor Shafi, MNZM U.S. Fish and Wildlife Service Emeritus Professor Sir Frank Holmes, DCom* Girls’ Friendly Society Professor Bob Buckle, ONZM Yoko Shafi Vector Ltd Paul Holmes Grace Memorial Trust Richard Carlyon John Shewan, CNZM, DAA, Hunter Fellow Victoria Link Ltd Professor Emerita Janet Holmes, ONZM Graduate Women Wellington Colin Carruthers, QC William Shields* Vocus Communications Jessica Holmes Grow Wellington Danny Chan Richard Simpson, CBE, LLD* W.H. (Bill) Vaughan Trust Kok Kooi How Hou Health and Disability Intelligence Joyce Chan* Malcolm Small Warren Architects’ Education Peter Hughes, CNZM Holden Harper Keith D. Chan Professor Tony Smith Charitable Trust Margot Hutchison Holdsworth Charitable Trust Laywood Chan Professor John Spencer Wellington City Council Jack Ilott, ADS* IBM New Zealand Ltd Selwyn D. Chan Professor David Stevenson, DSC Wellington College Old Boys and Victoria Hon. Sir John Jeffries Yvonne Chan Dr Paulina Suarez-Aspilla Inland Revenue Department University of Wellington Rugby Football Bryan Johnson, ONZM Club (OBU) Emeritus Professor Dame Margaret Clark, Swafford Family International Rhino Foundation DNZM, CMG Sir Robert Jones Wellington Community Trust Emeritus Professor Ian Swingland, OBE InternetNZ Professor Peter Coleman* Brenda Joyce Wellington Masonic Youth Trust Denis Thom Izard Weston Jeremy Commons Tony Kerridge Westpac New Zealand Wade Thompson, DCom* J.R. McKenzie Trust— Dr Robin Congreve, DAA Dr Seng Tee Lee, DLitt Deaf Development Fund Wigram Foundation Andrew Thomson, Hunter Fellow Eleanor Congreve Dr Chan-Hoong Leong Jack Jeffs Charitable Trust Wingnut Films Ltd Sir John Todd, KNZM* Mark (Charlie) Cook Margaret Lewisohn Margaret, Lady Trotter Jack Shallcrass Educational Trust Zoological Society of San Diego Rt Hon. Sir Robin Cooke, Lord Cooke of Ian Longstaff* Sir Ronald Trotter, LLD* Jade Software Company Thorndon, LLD * Malcolm McCaw, LLD Virginia Turner* Jordan Foundation * Deceased Brian Cunningham* Dr Gerard McCoy, QC Professor Stephen Turnovsky, DLitt Les and Sonia Andrews’ ADS—Award for Distinguished Service Deborah Cutfield Hon. Justice Sir John McGrath, Cultural Foundation John Upton, QC DAA—Distinguished Alumni Award winner John Daish KNZM, QC, LLD Lion Foundation Emeritus Professor Pat Walsh, CNZM Only Victoria honorary degrees are cited. Bob Davies Mary McHardy* Government of the Federation of Malaysia Emeritus Professor Ray Watters Dr Edwin Davies* Sir Roy McKenzie, ONZ, KBE, DCom, ADS* Meridian Energy Ltd Erik and Trudy Westergaard Dr Robert Davies John McKinnon, QSO Michael Hirschfeld Children’s Trust Mary Weston David Day Erica McLean Microsoft New Zealand Hon. Justice Douglas White, QC Dr Warren Dickinson John McLean, Hunter Fellow Ministry for Primary Industries Carolyn Diessl Professor Ken McNatty Pat Whitwell* Po Wong Ministry of Defence John Drake* Joy McNicoll Ministry of Foreign Affairs and Trade Mark Dunajtschik Bob and Timi Morey Simon Woolf Inge Woolf, QSO Ministry of Justice Adrian Durham Dr Gareth Morgan, DAA Alan Eggers Rob Morrison

20 21 Members Beverley Price, MNZM Victoria Legacy Club Bill Alington Susan Price Graham and Mary Ansell Dame Alison Quentin-Baxter, DNZM, QSO, LLD Dr Margaret Bailey Lady Beverley Reeves (Sir Paul and The annual reception for members of the Victoria by members of the Legacy Club who have recently Emeritus Professor Peter Barrett Lady Reeves Bequest) Yvonne Riddiford Legacy Club was held in October in the Adam Art passed away. Emeritus Professor Tim Beaglehole, ADS* Phillip Beavon and Suzanne Wood Dr Roger Ridley-Smith Gallery, with Chancellor Sir Neville Jordan, Vice- Emeritus Professor Roger Robinson Legacy members enjoyed the opportunity to wander Judge Ian Borrin, Hunter Fellow* Chancellor Grant Guilford and Foundation Chair Rodney Ruddick around the Adam Art Gallery and catch up with John Bowers Craig Stevens joining members, their families Ian Boyd, ONZM, ADS Dr Glenn Swafford friends. Craig Stevens closed the event by thanking and friends. Gordon Brown, OBE, LitD Monica Taylor members for their support, noting that making a Professor Bob Buckle, ONZM Robyn Thomson and Bruce Rogers This year’s event showcased the internationally bequest is a valuable and much appreciated way to Shane Caley Tricia Walbridge acclaimed guitar programme offered at Victoria’s play a role in Victoria’s future. Dr Joan Cameron* Emeritus Professor Pat Walsh, CNZM Lance Weller Te Kōkī New Zealand School Yvonne Chan Alastair Whitelaw* of Music. Director Euan Professor Roger Clark Jeremy Commons, DLitt Dr Kit Withers Murdoch talked about having Dr Gerard Curry that afternoon installed Dr Ray Dibble * Deceased 2015/16 a gallery of photographic Fiona Eason ADS—Award for Distinguished Service works by the late Associate Dr Robin and Feriel Falconer DAA—Distinguished Alumni Award winner Professor Jack Body—a much Prue Flacks Only Victoria honorary degrees are cited. loved colleague and highly Rosalene Fogel John Greenwood, Hunter Fellow respected composer. He also Sahra Grinham and Dennis Chippindale shared his enormous pride Dr Roger Hall, CNZM, QSO, Hon LitD for his colleagues Léone Harkness, Hunter Fellow and students. Professor Ross Harvey and Rachel Salmond Graham Hill Taking advantage of the Emeritus Professor Les Holborow, QSO, LLD wonderful acoustics of Emeritus Professor Roger Hopkins the gallery, guests were Dr Sheena Hudson John Hunter entertained by the extremely Professor Jim Johnston, FRSNZ , FNZIC talented Duo Kita, guitar Michael and Margaret Kelly students George Wills and Dr Allison Kirkman Jake Church, and were David Lascelles held spellbound during Doris and Peter Macdonald the expressive passages of Elizabeth Madle Emeritus Professor Athol Mann, CMG pianissimo. Dr Angela Martin The annual reception for Malcolm McCaw, LLD Dr Geraldine McDonald, CNZM, LitD Legacy Club members is Juliet McKee, QSO Victoria’s opportunity to Joy McNicoll acknowledge and thank Dr Anne Meade, CNZM, DAA members who have Diana Meads generously notified us of Iris Mee their intention to leave a Barbara* and Jim Milburn Valerie Moreland bequest to Victoria in their Sharon Murphy will. It is also a time to Emeritus Professor Gordon* and recognise and reflect on the Elizabeth Orr, CNZM, LitD many contributions made Sebastian Page* Kristelle Plimmer Dr Nancy Pollock Vaughan and Gillian Preece

Guitar students George Wills and Jake Church. 23 Donations received

Untagged 3% Individuals 12% Academic positions 13% Organisations 18% Awards 2015 15% 2015 Donations Donations by source by category

Academic programme and Trusts institutes 70% 69% Donors Professor Grant Guilford welcoming guests at The Royal Society in London, September 2015.

Victoria University of Wellington Foundation thanks the following people and organisations for their support in 2015.

Individual donors Judge Ian Borrin* Dr Lim Keak Cheng U.K. and U.S. Friends Judge Anthony Adeane Judge Peter and Sheryl Boshier Philip Cheung Professor Frazer Allan Ian Boyd, ONZM Enrico Chiessi Beverley Andrews Jillian Bray Lorraine and Rick Christie U.K. Friends U.S. Friends Dr Ben Ang Craig Bristol James Chua The trustees of the U.K. Friends of Victoria University The U.S. Friends of Victoria University of Wellington Ian Armitage Judge Tom Broadmore Timothy Clarke of Wellington perform a crucial role in overseeing is an independent American non-profit organisation Erika Arthur James and Helena Brow Hon. Justice Denis Clifford the receipt of donations from taxpayers in the United set up to receive donations from taxpayers in the Emeritus Professor Neil Ashcroft, DSc Angela Brown Paul and Cherie Coleman Dr Christopher Atkin Gordon Brown, OBE, LitD Janis Colosimo Kingdom and ensuring that they are directed to United States to support the work of the University. Dr Robin Averill Rachel Brown Jeremy Commons, DLitt projects at Victoria University, as designated by The board of directors of the U.S. Friends performs Jeffrey Azzato Ann Buckingham Annette, Lady Cooke of Thorndon the donors. a crucial role in overseeing the raising of funds from Dale Bailey David and Winifred Bull Francis Cooke, QC American-based alumni and other supporters. Paul and Sheryl Baines Matthew Bunting Maureen Cooper Trustees Anne Ballinger Harriet Bush Dr Jim Cousins Pinar Bagci Trustees Elizabeth Ballinger Dr Sasha Calhoun Lucien Cronin Victoria Healy Yvonne Chan (President) Dr Donald Barnes Judge John Callander, QSO Deborah Cutfield Michael Bartlett Gordon Cameron Kevin Daly James McArthur James Genever (Treasurer) Deborah and Derek Battell Dr Joan Cameron* Sharmala David Shelagh Murray Alexander Blades Paula Bayliss Edith Campbell Robert Davies Karyn Newman Peter Bryant Stuart Baynes Jenny Campbell Michael Davis Audley Sheppard, QC Professor Roger Clark Emeritus Professor Tim Beaglehole, ADS* Michael and Jennifer Campbell David Day Elizabeth Beall Grant Caradus Rosemary Diehl Gerald Hensley Suzanne Bellamy Alastair Carruthers, CNZM Victor Diem Fleur Knowsley Wayne Benton Francis Catley Emily Dobson Erica McLean Rob Bialostocki Yvonne Chan Brian Donohue Geoffrey and Karen Biggs Keith D. Chan Peter Donovan Thora Blithe Laywood Chan Peter Du Chateau Associate Professor Jack Body* Selwyn D. Chan Desmond Dunbar Dr Carol Bohmer Suresh Chandra Adrian Durham Dr Elaine Bolitho Chris and Hilary Chapman Hon. Harry Duynhoven, QSO, JP

24 25 Dorothy Dyett Justin Irving Peter McKenzie, QC and Jocelyn McKenzie Grant Schaumburg, Jr Ching Man Wu New Zealand Defence Force Elizabeth Earnshaw Murray Jackson Thomas McKenzie Lt Col. Neal Schofield Ross Wylie New Zealand Earthquake Commission Ria Earp Apiphong Jayanama Ann and Fergus McLean Malcolm Schwartfeger Dawn Yeabsley New Zealand Film Commission John Edmonson Peter Jenkins Anne McLean Mary Scott Reverend Robert Yule New Zealand France Friendship Fund Dr Anne Else, ONZM Janet Johnson Joy McNicoll Sharon Scott Dr Mary Zajkowski New Zealand Indonesian Association Asher Emanuel Courtney Johnston Athol McQueen, QSM Pearl Sidwell Denise Zhang New Zealand Institute of Architects Garth England Ross and Ginette Johnston Sharon Meachen-Asinelli Peter Sime New Zealand Opera Society Inc. Derek Fah Lim Sylvia Johnston Dr Elizabeth Meade, CNZM, DAA Owen Sinclair Organisations New Zealand Police Bill Falconer, CNZM Dr Keleigh Jones Diana Meads Robert Slade Accident Compensation Corporation New Zealand Productivity Commission Michael Fathers Dikran Karagueuzian Joy Mebus John Sleeman Adam Foundation New Zealand Symphony Orchestra Ltd Larry Fergusson Emeritus Professor Graeme Kennedy Dame Joan Metge, DBE Mel Smith, CNZM and Prudence Oxley Bank of New Zealand New Zealand Trade and Enterprise Dr Paul Fitzgerald and Dr Winifred Kennedy Emeritus Professor Ronald Milburn Philip Smith BDO Wellington The Treasury Gerald Fox Katharine Kerr Professor John Miller Martin and Bridget Smith British High Commission Ngā Tāngata Tiaki o Whanganui Kim Francis Dr Murray King Barbara Mitcalfe Erin Sneddon Callaghan Innovation Research Ltd Norman Kirk Memorial Trust Tim Francis* Dr Wattana Klinchoo David Moloney, OBE Susan Sonntag Cement & Concrete Association of Ogilvy & Mather New Zealand Hon. Marion Frater David Knott Beverley Morris, CNZM Rajat Sood New Zealand Pacific Leinster Lodge No. 2 Judith Fyfe, ONZM Fleur Knowsley Mary Mountier Dr Dereck Souter Chartered Accountants Australia and Prendos New Zealand Ltd New Zealand Steven Fyfe Professor Barry Kohn Andi Muhtar Professor John Spencer PricewaterhouseCoopers Chartwell Trust Russell Garrett Michael Kozyniak See Ng Professor Bruce Stening Public Trust Cigna Life Insurance NZ Ltd James Genever Erika Kremic* John Niland Meredith Stephens Reserve Bank of New Zealand CPA Australia Ltd Jennifer Gerrie Brian Kwang Patricia Noble-Beasley Helen Stevens Rotary Club of Wellington Creative New Zealand Dame Jennifer Gibbs, DNZM Dr Philip Laird Scott Norton Professor David Stevenson Royal Forest and Bird Protection Society of Cullen The Employment Law Firm Gary Girvan Ben Langdon Jim and Helen O’Donovan Keith Stewart New Zealand Datacom Group Limited Wyndham Goodwin* Jan Larres Lloyd and Susan Olivecrona Ian Stockwell Sanitarium Health and Wellbeing Deane Endowment Trust Tania Gornik Nicola Larsen Rodney Orange Bruce Stowell State Services Commission Department of Internal Affairs Peter Graham Jacqueline Latimer Peter Orman Dr Deryn Strange Stephenson & Turner NZ Ltd Embassy of Israel Marian Grant Richard Latimer Elizabeth Orr, CNZM, LitD Swafford Family Stewart Charitable Trust Embassy of Spain Professor David Grattan Hon. John Laurenson, CNZM, QC Emeritus Professor Gordon Orr* Kritsana Tanpradit Story Inc. Embassy of the Republic of Indonesia Emeritus Professor Bob Gregory James Law, MNZM Pamela and David Oughton, QSO John Taylor, MNZM Te Papa Tongarewa Museum of English-Speaking Union New Zealand Laurence Greig Wee Lee Mayie Pagalilauan Monica Taylor* Entertainment Publications The Tindall Foundation Kristina Griffin Jennifer Lendrum Rt Hon. Sir Geoffrey Palmer Mary Thompson Expressions Piano Trust Transpower New Zealand Ltd Dr William Hackett Dr Susan Lennox Kate Parsonson Jeffrey Todd, CBE Field Court Chambers Trinity College London Allan Hall Dr Chan-Hoong Leong Jon Peacock Jennifer Todd Gama Foundation Tumbleweed Tees Dr Roger Hall, CNZM, QSO, Hon LitD Abby Letteri Carey Pearce Katrina Todd Girls’ Friendly Society Turnovsky Endowment Trust Suzanne Hall Gwen Levick John Perham Michael Todd Goethe Institute University of Canterbury Dean Hamilton Margaret Lewisohn Stephen Perrott Michael Tomlinson The Grace Memorial Trust Warren Architects’ Education Joanne Hansen Oscar Lewisohn Dr Vladimir Pestov Dr Claire Toynbee Graduate Women Wellington Charitable Trust Erina Harding Leo and Robyn Lonergan Dr William Porteous Samantha Turner Greater Wellington Regional Council Wellington Masonic Youth Trust Emeritus Professor John Harper, FRSNZ Matthew Louwrens Professor Harry Powell Kerrin Vautier, CMG Guardian Trust Weta Digital Ltd Ross Harris, QSM Graeme Lythgoe Andrew Powell Edward Verrity Heritage New Zealand Pouhere Taonga Wigram Foundation Deborah Hart Peter MacCallum Professor John Prebble Hilton Verry High Commission for Niue YourCause Sarah Harvey Chris and Kathryn MacKay David Price Professor Graeme Wake Holdsworth Charitable Trust Francis Healy Emeritus Professor David MacKay Gordon and Robin Prowse Tricia Walbridge * Deceased Graham Malaghan, ONZM Humanist Society of New Zealand Dr Jacqueline Hemmingson Charles Rampton Emeritus Professor Darcy Walker ADS—Award for Distinguished Service Elizabeth Mallinson, QSM Infinity Foundation Limited Dr Barbara Hercus Thomas Reiher Holly Walker DAA—Distinguished Alumni Award winner Patrick Maloney Information Systems Audit and Herrick Family Dr Michael Reilly Dr Susanne Walker* Control Association Only Victoria honorary degrees are cited. Anne Manchester Dr Raymond Hoare Susan Rhind* Mark Webster Inland Revenue Department Donors listed are those who made Emeritus Professor Bill Manhire, CNZM Jack Hodder Keith Riach Emeritus Professor Albert Wendt, ONZ, CNZM J.R. McKenzie Trust donations of $50 or more in 2015. Alastair Mansell Professor Peter Hogg, OC, QC, LLD Rt Hon. Sir Ivor Richardson, PCNZM, LLD* Sir Maarten Wevers, KNZM and J.R. McKenzie Trust Emeritus Professor Leslie Holborow, Alan Marshall Rosamond Robertshawe Louise Rolleston, Lady Wevers — Deaf Development Fund QSO, LLD Professor Matthew Marshall Emeritus Professor Roger Robinson Nigel White Jack Jeffs Charitable Trust Fay Holdom John Martin, QSO and Mary Jennings Anita Rose Professor Damien Wilkins KPMG New Zealand Milton Hollard, QSM Dr Donald Mathieson, ONZM, QC Philip Ross Antony Wilkinson Mercatus Center Professor Emerita Janet Holmes, ONZM John McCaffrey David Roughan Joanne Williment Ministry for Primary Industries Chris Horne Bob McCaw Stephan Rupp and Kim Rupp-Gregory Angela Willy Ministry of Education Dr Alan Hull Valerie McCay Wendy Russell Garry Wilson Ministry of Social Development Patrick Hume Velma McClellan David Ryan Magnolia Wilson Music Futures Donald Huse Frances McGrath Marama Salsano Adrian Wimmers Music Therapy New Zealand Marian Hutchinson Keith McGregor Agnes Sang David Wimms New Zealand Architects Co-Operative David Iles Dr James McIntosh Roy Savage Professor Jennifer Windsor Society Ltd (NZACS)

26 27 Under $5,000 John F. Kennedy Prize in American Government and Politics Disbursements A.M. Campbell Bequest—Mathematics Books John F. Kennedy Prize in American History Adam Art Gallery Friends and Members John Gamble Geology Award Adam Foundation Prize in Creative Writing John Miller Award in Social Justice and Community Development Library and art collections Antarctic Research Centre Development Fund Alan Ward Scholarship John Miller Postgraduate Diploma in Clinical Research Academic programmes 2% Alex Scobie Research Scholarship Kapiti Chorale Award in Vocal Performance and institutes Ballinger Rongotai Scholarship Boyd-Wilson Complex Projects Alison Morton Scholarship in Ecology/Marine Biology Karis Boyd Scholarship 13% Building funds Andrea Brander Accommodation Bursary Fund Korean Ambassador’s Prize 1% Brenda Sampson Memorial Research Scholarship Climate Change Made Clear Anonymous Music Grant KPMG Prizes Craig Andrews PhD Scholarship in Accounting Ariadne Danilow Prize in Music Latin American Essay Prize Don Trow Visiting Fellowship in Accounting Research Asian Politics Prize Laurie Cameron Scholarship Ferrier Lectureship Averil Brent Scholarship in Science Lissie Rathbone Scholarship G.S. King Library Bequest Fund Bernard Galvin Prize Lord Cooke of Thorndon Prize 2015 Graduate Women Wellington First-in-Family Scholarship Bernard Randall Prize in Family Law Madle Prize in Classics Disbursements Ian Gordon Fellowship Biggs Family Prize In Poetry Margaret Clark Prize Jack Pearce Scholarship in New Zealand and English History Bob Buckle Prize for Whangarei Boys’ High School and Margaret Nielsen Music Scholarship Whangarei Girls’ High School Jack Richards Postgraduate Scholarship Master of Applied Finance Prize Brad McGann Filmwriting Award J.L. and K.M. Stewart Postgraduate Research Experience Matthew Marshall Prize for Classical Guitar Composition Travel Awards C. Wright Mills Scholarship in Criminology Maurice Gee Prize in Children’s Writing NZIA Cadimage Group Student Design Awards Chartered Accountants Australia and New Zealand Prize Maurice Goldsmith Prize in Philosophy Support Victoria University students playing rugby at OBU Chartwell Trust Student Art Writing Prize Max Julian Prize in Ethnomusicology Chris Pottinger Memorial Prize for English Awards Academic Rugby Club May Gordon Prize in English Literature 39% positions Paul Callaghan Visiting Chair Christina Beal Memorial Prize Michael Hirschfeld Scriptwriting Award 45% Poetry Award Clare Galambos-Winter Prize in Holocaust Studies Mona Ross Prize for Singing Rachael Westergaard Scholarship in Geophysics Clark Fund in Geology N.N. Danilow Memorial Prize Sir Frank Holmes Visiting Fellowship in Policy Studies Coleman-Brown Memorial Award N.N. Danilow Prize in Latin Computer Graphics Programme Fund $100,000 and over Sir Roy McKenzie Music Therapy Scholarship New Zealand Business and Parliament Trust Prize CPA Prize in Accounting Alumni Appeal Student Scholarships Te Kōkī New Zealand School of Music Young Musicians’ Niland Prize for Jazz Composition Programme Scholarships Cullen Employment Law Prizes Bank of New Zealand Chair in Business in Asia Norman Kirk Memorial Trust Scholarship Te Papa MSc Scholarship in Plant Molecular Systematics D.F. McKenzie Prize Fund Chair in Digital Government New Zealand Contemporary China Research Centre Victoria University Foundation Trustees’ Scholarship David Carson-Parker Embassy Prize in Scriptwriting Chair in Economics of Disasters Pablo Etchegoin Prize Warren Trust Scholarships Elaine Geering Scholarship in English Literature Chair in Public Finance Pat Walsh Scholarship for Second-year Students English-Speaking Union Award Paul Hoffmann Prize in German Diana Unwin Chair in Restorative Justice $5,000–$9,999 Erasmus Prize P.F.M. Burrows Scholarship Production and presentation of No Man’s Land Christian Theology Library Expressions Piano Trust Prize Photography by Woolf Art History Projects Cigna Actuarial Scholarship $25,000–$99,999 Former Economics and Finance Staff: Graduate Student Award Postgraduate Scholarship in Classical Piano Performance Clare Galambos-Winter Music Scholarships Angelo South Pacific Postgraduate Educational Scholarship Gamelan Prize R.W. Steele Scholarship in Accounting D.F. McKenzie Lecture Fund Barbara Finlayson Music Scholarship Garrett Chinese Language and Literature Prize Ralph Preston-Thomas Scholarship Dan F. Jones Scholarship in Science Curtis-Gordon Scholarship in Chemistry Girls’ Friendly Society Pasifika Scholarship Roderick Alley Prize in Human Rights Datacom Scholarship in Computer Science Ferrier Research Fund Graduate Women Wellington Ella C. Wilson Music Award Ross McQueen Memorial Award Graduate Women Wellington Branch Master’s by Thesis Fuji Xerox Master’s Scholarship in Computer Science Graduate Women Wellington Graduate Scholarship S.T. Lee Annual Lecture in Economics (Viet Nam) Graduate Women Wellington Secondary Teaching Award Gama Foundation Institute of Governance and Policy Studies Graduate Women Wellington PhD Scholarship School of Geography, Environmental and Earth Sciences Award Ian Longstaff Weir House Scholarship Girls’ Friendly Society Scholarship Graduate Women Wellington Second Year Hutt Science and Mathematics Education Centre John Fitzgerald Memorial Scholarship Valley Scholarship Holdsworth Scholarship in Biodiversity and Restoration Shayle R. Searle Visiting Fellowship in Statistics Joy McNicoll Postgraduate Research Award in Graduate Women Wellington Second Year Scholarship International Institute of Modern Letters Shayle Searle Prize in Statistics Biomedical Science Graduate Women Wellington Secondary Teaching Scholarship iPredict Mansoor Family Scholarship Conjoint Degree Simpson R.S.V. Salient Prize J.D. Stout Fellowship Maurice Goldsmith Lecture Fund H.A. Murray Prize Sir Thomas Hunter Prize J.D. Stout Research Grant Mediation Competition Project Heritage New Zealand Award Sociolinguistics Prize James Bertram Scholarship N.N. Danilow Scholarship in Modern European Languages Holmes Prize in Public Policy Spanish Embassy Essay Prize Reserve Bank Professorial Fellowship in Monetary and New Zealand Business and Parliament Trust Scholarship Humanist Society of New Zealand Eileen Bone Scholarship Stephenson & Turner Award Financial Economics PGSA Travel Grants Ian Gordon Prize in Linguistics Story Inc. Prize in Poetry Robert Bostock Scholarships Rosemary Barrington Research Grant (Social Justice Research) Ian Pollard Organ Scholarship Sustainable Futures Travel Award Roy McKenzie Centre for the Study of Families S.T. Lee Antarctic Annual Lecture Ilse B. Steinberger Prize in Primary Teaching The Sarah Carter BDO Memorial Scholarship Te Kōkī New Zealand School of Music Composition Project Sir Roy McKenzie Deaf Scholarship Information Systems Audit and Control Association Val Gormly Memorial Prize Te Kōkī New Zealand School of Music Project Grants T.J.A. Ballinger Scholarship (Wellington) Prize Venice Biennale 2016 Sir Howard Kippenberger Chair in Strategic Studies Therle Drake Music Scholarship Irene Pestov Memorial Scholarship Wellington City U3A Award Writer in Residence Thomas Prize in Mooting Jan Whitwell Scholarship in Economics Wellington Rotary Club Prizes for Science Jenny Whitmarsh Award for Mathematics W.H. (Bill) Vaughan Award in Mathematics $10,000–$24,999 Victoria Research Support Grant (anonymous) Jim Robb Memorial Prize in Sociology William Wallace Gibson School in Religious Studies Adam Art Gallery Development Fund Victoria University Staff Professional Development Award Joan Metge Prize in Anthropology Zander/Durden Families’ Prize Anstiss-Garland Charitable Trust Postgraduate Scholarship Young Scientist Exchange Programme in Criminology

29 Financial statements

Independent auditor’s report 31 Summary ﬁnancial statements 32 Balance sheet 33 Notes to the summary ﬁnancial statements 34

30 A member ﬁrm of Ernst & Young Global Summary ﬁnancial statements Balance sheet

Summary statement of comprehensive revenue and expense 31 Dec 15 31 Dec 14 ASSETS 31 Dec 15 31 Dec 14 $ $ $ $ Revenue Current assets Donations—Endowed 8,099,469 2,177,390 Cash and cash equivalents 2,533,223 6,002,496 Donations—Non-endowed 2,804,946 2,568,921 Accounts receivable and accruals - 95,134 Investment income 2,554,999 2,575,116 Investments 39,987,149 26,055,236 Total revenue 13,459,414 7,321,427 Other current assets 213,112 91,629 Total current assets 42,733,484 32,244,495 Expenses Grants made 2,778,970 3,077,926 Non-current assets Finance costs 157,691 123,786 Property, plant and equipment 9,500 9,500 Total expenses 2,936,661 3,201,712 Total non-current assets 9,500 9,500 Total comprehensive revenue attributable to the Trust 10,522,753 4,119,715 Total assets 42,742,984 32,253,995

Summary statement of ﬁnancial position LIABILITIES Current assets including invested funds 42,733,484 32,244,495 Current liabilities Non-current asset 9,500 9,500 Accounts payable and accruals 419,248 425,096 Current liabilities (419,248) (453,012) Revenue received in advance - 27,916 Accumulated funds 42,323,736 31,800,983 Total current liabilities 419,248 453,012

Summary statement of changes in equity Non-current liabilities Funds at beginning of the year 31,800,983 27,681,268 Total non-current liabilities - - Comprehensive revenue/(expense) 10,522,753 4,119,715 Total liabilities 419,248 453,012 Accumulated funds at the end of the year 42,323,736 31,800,983 Net assets 42,323,736 31,800,983

Summary cash flow statement EQUITY Net cash flow from operating activities 7,946,408 1,286,918 Contributed equity 31,800,983 27,681,268 Net cash flow from/(to) investing activities (11,415,681) 1,011,409 Accumulated funds 10,522,753 4,119,715 Net (decrease)/increase in cash and cash equivalent (3,469,273) 2,298,327 Total equity 42,323,736 31,800,983 Cash and cash equivalents at beginning of the year 6,002,496 3,704,169 Cash and cash equivalents at end of the year 2,533,223 6,002,496

32 33 E Grants expenditure Grants expenditure is recognised when an obligation arises to pay funds previously received as a donation for the purpose Notes to the summary in which the funds were intended. ﬁnancial statements F Current assets Current assets consist of cash and investments.

A Trust information Cash and cash equivalents includes cash on hand, deposits held at call with banks, and other short term highly The summary ﬁnancial statements of Victoria University of Wellington Foundation (the ‘Foundation’) for the year ended liquid investments. 31 December 2015 were authorised for issue in accordance with a resolution of the Trustees on 24 February 2016. Investments held by the Foundation include investment in ﬁxed interest funds and equity funds. These investments are The Foundation is an independent charitable trust registered under the Charities Act 2005. The Foundation is deemed managed by ANZ Bank New Zealand Ltd and revalued to fair value at balance date. A portion of these investments is solely for accounting purposes to be controlled by Victoria University of Wellington (the ‘University’). exposed to foreign exchange risk.

The Foundation was established on 1 October 1990 for the purpose of raising funds from external sources for the use 31 Dec 15 31 Dec 14 by the University. The Foundation is domiciled in New Zealand. Its registered oﬃce and principal place of business is in $ $

Wellington. Accounts receivable - 95,134 Cash and cash equivalents 2,533,223 6,002,496 B Summary financial statements The summary financial statements have been extracted from the full financial statements of the Foundation. The International equity funds 16,887,241 11,776,196 summary financial statements comply with NZ PBE FRS 43; Summary Financial Statements. The summarised financial Australasian equity funds 6,371,910 4,216,145 statements do not include all the disclosures provided in the full financial statements and cannot be expected to New Zealand fixed interest funds 7,035,074 3,181,401 provide as complete an understanding of the financial performance and financial position as the full set of financial statements. No amounts extracted from the full financial statements have been restated or reclassified. International fixed interest funds 9,692,924 6,881,494 Derivative financial instruments—forward foreign exchange 213,112 91,629 To obtain a copy of the full financial statements, contact the Development Office. 42,733,484 32,244,495 The financial statements are presented in New Zealand dollars and all values are rounded to the nearest dollar ($).

The full ﬁnancial statements have been prepared in accordance with generally accepted accounting practice in New Zealand (NZ GAAP). They comply with PBE accounting standards and are in accordance with Tier 2 PBE Reduced G Subsequent events Disclosure Regime (RDR). There were no events subsequent to balance date requiring disclosure in the ﬁnancial statements (2014: Nil).

The material adjustments arising from the transition to the new PBE accounting standards adopted this year are explained in note H. H Adjustments to the comparative year financial statements Reclassification adjustment The table below explains the recognition and measurement adjustments to the 31 December 2014 comparative information C Donations, bequests, and pledges resulting from the transition to the new PBE accounting standards. Donations and bequests are recognised as income when the right to receive the funds or asset has been established. NZ IFRS (PBE) 2014 Adjustment PBE accounting Pledges are not recognised as assets or revenue until the pledged item is received. Statement of financial position $ $ standard 2014 $ Revenue from providing services is recognised as income when the services are delivered and the right to receive Revenue received in advance 130,548 (102,632) 27,916 payment is established. Equity as at 1 January 27,578,636 102,632 27,681,268 Equity as at 31 December 31,698,351 102,632 31,800,983 D Investment income Investments held by the Foundation include investment in fixed interest funds and equity funds. These investments are managed by ANZ Bank New Zealand Ltd and revalued to fair value at balance date. A portion of these investments is exposed to foreign exchange risk. For and on behalf of the Trustees, who authorised the issue of the financial statements as at 24 February 2016:

All the investments in unit funds are valued by the fund manager. The investments are revalued monthly, based on market price.

Fair-value movements are recognised through surplus or deﬁcit within the statement of comprehensive revenue and expense. Brent Manning Grant Guilford (Trustee) (Trustee)

34 35 With your help …

Victoria University of Wellington has set itself on an ambitious path to be a world-leading capital city university and one of the great global- civic universities. With your help we can make it happen. Sponsorship opportunities When business and universities work together, the benefits to each other and New Zealand are powerful. You choose the focus and level of your support, and we’ll work with you to tailor a recognition package to your requirements. Donations Whether you care most about the cause of tertiary education, the future of your discipline, or the success of individual students, a one-off or regular donation is a practical way to make a difference. Bequests A bequest or legacy can extend your support for Victoria University beyond your lifetime. All bequests, whether modest or more significant, are valued highly. Donors who plan to leave a gift in their will are invited to join the Victoria Legacy Club.

... we can make it happen

The Victoria University Foundation is a charitable trust that raises private funds for projects of strategic importance to Victoria University that could not otherwise be realised.

We would love to talk with you about the opportunities above or any ideas you have to help Victoria achieve its strategic goals.

Please contact the Development Oﬃce on +64-4-463 5871 or [email protected], or go to: www.victoria.ac.nz/support-victoria for more information. VF0070

Victoria University of Wellington Foundation Capital thinking. Phone +64-4-463 5871 Globally minded. Email [email protected] www.victoria.ac.nz/foundation