Saturday 19 August 2017

ABOUT THE TRUST

The Trust was formed out of a discussion between two Vietnam veterans who concluded that the offspring of veterans were their legacy and the countries future. They agreed it was appropriate to establish a special fund to recognize that and assist them in helping to realize their potential.

The Trust was incorporated under the Charitable Trusts Act 1957 on 15 December 1993 (AK/614218). The Trustee is the New Zealand Guardian Trust. There is a Board of Advisory Trustees comprising three Vietnam veterans, two the children of Vietnam veterans and one the spouse of a Vietnam veteran. The Board is chaired by the nominee of the Wallace family.

Donations are credited to the funds capital account with the return on investments available for distribution by way of grants. Since 1993 the trustees have approved a wide range of grants covering the whole spectrum of youth endeavor.

In 2004 the name of the Trust was amended to recognize the work of the late Neville Alan Wallace, Vietnam veteran and a Past President of EVSA, as the Trust's Settlor.