Hawke’s Bay community laments Public Trust ‘rort’
The Government-owned entity’s fees for managing a substantial charitable estate are rising while payouts to beneficiaries are falling.
Public Trust, an Autonomous Crown Entity, says it is satisfied with the level of community benefits.
An organisation representing beneficiaries of a Hawke’s Bay charity says the Public Trust is milking its assets for fees while the community loses out.
Public Trust is sole trustee for the Estate of Alfred William Parsons, a Hawke’s Bay farmer who died in 1953 leaving a large portion of his
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