Foundation Annual Review

At the recent Nautilus Foundation Trust annual review, the Trustees decided to continue with the current criteria and authorised purpose guidelines as indicated on our grant application form.

All grant application forms are to be sent directly to The Nautilus Foundation postal box address. The Trustees meet monthly to consider applications and applicants are informed by mail correspondence whether the application is approved or declined. All applications submitted both approved and declined are published annually by the Nautilus Foundation. The Foundation policy is to return all funds close to the areas in which they were raised.

The last financial year ending 31 March 2008, the Trust returned 40.28% of its proceeds back to communities around North Island and remains committed to maximising these returns while keeping expenses to a minimum.