Wellington richlister leaves estate to charity

Wellington richlister leaves estate to charity
Mark Dunajtschik and his partner Dorothy Spotswood have made donations to numerous philanthropic causes in Wellington. (Image: Nikau Foundation)
Oliver Lewis
In what may be the largest philanthropic donation by an individual in modern New Zealand history, Wellington property developer Mark Dunajtschik intends for the bulk of his estate to be managed by the Nikau Foundation.Nikau, a community foundation for the Greater Wellington area, announced it would be the sole trustee of The Mark Dunajtschik Foundation in a statement on Wednesday.Dunajtschik, who was made a knight for his services to philanthropy, said he and his partner Dorothy Spotswood wanted to make sure their good fortune was passed on to...

More Finance

Cautious lending keeps lid on default rates – Reserve Bank
Finance

Cautious lending keeps lid on default rates – Reserve Bank

Non-performing mortgages have overtaken Covid levels.

Jem Traylen 01 May 2024
'Confirmation of payee' anti-scam measure inches closer
Finance

'Confirmation of payee' anti-scam measure inches closer

Banks are getting closer to implementing anti-scam “confirmation of payee” measures.

Dileepa Fonseka 30 Apr 2024
UBS NZ returns to profit
Finance

UBS NZ returns to profit

Operating income was up 51.8%, rising from $31.9m in 2022 to $48.5m in 2023.

Murray Jones 30 Apr 2024
Matt Whineray to chair new FirstCape Group fund manager and adviser
Finance

Matt Whineray to chair new FirstCape Group fund manager and adviser

The new entity aims to scale up advice and fund management services in NZ.

Staff reporters 23 Apr 2024