#213 'Leading a successful community foundation', Lori Abert Luke CEO of Acorn Foundation

Welcoming Lori Abert Luke, CEO of the Acorn Foundation, to Purposely, she shares their charitable mission to grow generosity across Tauranga and the Bay of Plenty of New Zealand. An American who now calls New Zealand home, Lori's passion for philanthropy and giving is deeply rooted in her heritage and strengthened by witnessing firsthand the transformative impact it has on people and communities.

A Vision for Community-Driven Philanthropy

Established in 2003, the Acorn Foundation is one of 18 community foundations across Aotearoa New Zealand pioneering a unique approach to charitable giving. Lori explains their innovative model: "We pool and collectively invest our donors' funds, ensuring the capital remains intact while distributing a portion of the income annually to the local community."

This strategic approach has enabled the foundation to support hundreds of vital charitable organizations across various sectors, including healthcare, education, social services, and environmental conservation. The impact is far-reaching and continues to grow year after year.

"Our model allows donors' gifts to keep giving back to causes close to their hearts, forever," Lori emphasizes. With over 400 donors, the foundation offers flexible contribution options, from posthumous endowments to opportunities for donors to witness their generosity in action during their lifetime.

The Genesis of Acorn Foundation

The Acorn Foundation's story begins with Bill Holland, who, inspired by the community foundation model he encountered abroad, joined forces with committed local trustees to establish the organization in 2003. Their vision was clear: to create a platform connecting generous individuals with meaningful causes in the Western Bay of Plenty region.

Lori, who also serves on the Board of Community Foundations Aotearoa New Zealand, underscores the power of legacy giving. "It's an opportunity to make a lasting impact, extending one's generosity well beyond their lifetime," she notes.

Looking Ahead: The Future of Community Philanthropy

As she looks to the future, Lori sees boundless potential in the community foundation model. "We're not just managing funds; we're fostering a culture of generosity that can transform communities for generations," she explains with enthusiasm.

The Acorn Foundation's success serves as a compelling blueprint for effective, sustainable philanthropy. By providing a versatile platform for individuals to contribute to causes they care about, both during their lifetime and beyond, the foundation is cultivating a legacy of giving that continues to flourish and evolve.

Reflecting on the Acorn Foundation's effectiveness, Lori concludes, "Through our work, we're not only changing lives today; we're laying the groundwork for a more compassionate and supportive society for years to come." It's this forward-thinking approach that positions the Acorn Foundation at the forefront of community-driven philanthropy in New Zealand.