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What is Community Trusts

Handbook of Research on Sub-National Governance and Development
The term applied to a group of trusts which were established in New Zealand in the early 1990s to receive the ownership of the companies which resulted from the corporatisation of New Zealand's regional savings banks, and to hold the resultant income and capital for the benefit of the communities which those banks had served.
Published in Chapter:
Subnational Governance and Development: A New Perspective
Jenny Hodgson (Global Fund for Community Foundations, South Africa), Peter McKinlay (McKinlay Douglas Ltd., New Zealand), and Barry Knight (CENTRIS, UK)
Copyright: © 2017 |Pages: 25
DOI: 10.4018/978-1-5225-1645-3.ch019
Abstract
This chapter examines how the practice of governance, especially at a subnational level, has been evolving since the 1990s, focusing on the implications for “community governance”. An overview of recent thinking on the nature of governance opens up the question of whether “governance” may be exercised through institutions entirely separate from government. Examples are considered from Australia's experience with “community banking”, and from trusts and foundations that have emerged from major public sector restructuring. The chapter considers the work of the Global Fund for Community Foundations as an important civil society contribution to subnational governance in developing countries, examining the role of foundations in building capacity and capability in disadvantaged communities through a new approach grounded in an understanding of “community governance”. Overall the chapter argues for a broadening in the understanding of governance, from what governments do to encompassing how our communities come together to shape their own futures.
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