Published on 31/10/2022
The Simplicity Foundation has made another $379,000 in donations to various Kiwi charities, bringing to $4,715,909 total donations from the nonprofit KiwiSaver Scheme.
The donations are fed by member growth, with 15% of all fees going to the Foundation.
Since Simplicity won default status as a KiwiSaver Scheme last year, membership has risen to more than 130,000. The growth is great news for New Zealand charities who have won a long-term friend in Simplicity.
Managing Director, Sam Stubbs, said it was tremendous to see the charity donations grow so quickly over such a short period and to be able to help communities during such a tough time.
“At this rate, by Christmas we will have donated over $5 million to great Kiwi charities in the six years since we started. And the more we grow, the more we can give”.
The latest recipients are as follows:
Simplicity started in 2016 and has just recently celebrated its 6th anniversary.
To learn more about the charitable donations and how the Foundation operates, visit our charity page here.