Generous Ventures Trust — Community Development Charity in Wellington
Generous Ventures Trust is a Charitable Trust charity in the Community Development sector, based in Wellington, Wellington. This organisation also provides funding to other charities. Annual revenue: $0.0M NZD. Financial data as at March 2025.
Mission: Generous Ventures envisions a future in which more profit is used for good and businesses have long-term benefits for Aotearoa. To achieve this, Generous Ventures is challenging traditional ownership and governance structures that focus solely on maximising profit by driving more steward ownership models in Aotearoa. Generous Ventures is in the process of becoming a steward of Thankyou Payroll, a company offering payroll software to businesses in Aotearoa. Over the next six years, it will transition to full ownership, at which point profits can be redistributed for social good. For now, Generous Ventures is focused on promoting steward ownership, supporting businesses in making the transition, and empowering future stewards.
- Registration Number
- CC50391
- Charity Type
- Charitable Trust
- Registration Date
- 2014-04-01
- Status
- Active
- Sector
- Community Development
- Location
- Wellington, Wellington
- adele.cubitt@gmail.com
- Funder Status
- Grant-making charity (trust)
- Data as at
- March 2025
Beneficiaries: Children / young people, Family / whanau, General public, Other charities, Voluntary bodies other than charities
Financial Summary
- Total Revenue
- $0.0M NZD
- Total Expenses
- $0.9M NZD
- Total Assets
- $0.9M NZD
- Net Assets
- $-1.3M NZD
- Reserve Months
- 0.0 months of operating expenses
- Staff Count
- 1
- Volunteers
- 0
- Financial Year End
- 2025-03-31
Financial History
| Year | Revenue | Expenses | Net Assets |
|---|---|---|---|
| 2025 | $0.0M | $0.9M | $-1.3M |
| 2024 | $0.9M | $1.5M | $-0.6M |
| 2023 | $0.0M | $0.0M | $0.0M |
| 2022 | $0.0M | $0.0M | $0.0M |
| 2021 | $0.1M | $0.0M | $0.0M |
| 2020 | $0.1M | $0.0M | $0.1M |
| 2019 | $0.1M | $0.0M | $0.0M |
| 2018 | $0.1M | $0.0M | $0.0M |
| 2017 | $0.1M | $0.0M | $0.0M |
| 2016 | $0.0M | $0.0M | $0.0M |
Board Members and Officers
Current Officers (0)
| Name | Role | Appointed |
|---|
Former Officers (20)
- Lani Evans — Trustee
- Susan Basterfield — Trustee
- Alick Draper — Chair (departed 2023-06-08)
- Adele Cubitt — Trustee
- Cheryl Spain — Trustee (departed 2023-06-08)
- Bec McMaster — Trustee (departed 2022-09-20)
- Helen Cox — Treasurer (departed 2021-08-31)
- Sophie Fern — Grants Manager (departed 2021-08-31)
- Halee Moss — Treasurer (departed 2020-04-30)
- Amanda Burgess — Trustee (departed 2021-04-07)
- Christina Bellis — Trustee (departed 2022-01-06)
- Stephen Walker — Chair (departed 2020-04-30)
- Jonathon Clearwater — Trustee (departed 2016-08-11)
- Lucy Clark — Trustee (departed 2017-11-15)
- Thomas Mulder — Co-Chair (departed 2021-04-07)
- Helena Stevens — Trustee (departed 2015-02-19)
- Blair Boswell — Trustee (departed 2021-04-07)
- Thomas Bond — Trustee (departed 2015-11-10)
- Hugh Davison — Trustee (departed 2015-11-10)
- Carolyn Timms — Trustee (departed 2020-04-30)
Similar Charities in Community Development
- The Pacific Island Business Development Trust — Community Development
- MPHS Community Trust — Community Development
- Ngati Kahungunu Iwi Incorporated — Community Development
- Home in Place (New Zealand) Limited — Community Development
- The Nelson Tasman Housing Trust — Community Development
Generous Ventures Trust
Financial data as at March 2025. Sourced from Charities Services register.
This charity has reported liabilities exceeding assets for two or more consecutive years. That pattern is common and structural for retirement villages (occupation-right-agreement bonds recorded as liabilities), iwi treaty-settlement vehicles (future-obligation accruals), and infrastructure trusts with Crown loan principal — it does not indicate financial distress, but our standard reserve-months scoring template does not apply. The charity's figures are shown above.
How ratings work →Reasons to look carefully (1)
These structural observations are drawn from public data and are worth considering before a donation. They are not allegations of wrongdoing, and they don’t affect the charity’s letter grade.
- No chair recorded on the registerNo chair or presiding role is recorded in the register for this board of 3. The Charities Register does not require one to be identified, so this is a gap in the public record rather than a finding about the board.
Each signal is a data-driven observation, not a judgement. They fire automatically from the figures filed with Charities Services. A charity can address any of these by filing fuller disclosure or updating its officer register. Methodology: /about/methodology/concern-signals.
$360
$946.1K
$944.9K
1
Financial data from Charities Services annual return (FY2025). Ratings calculated using CharityData v3.1.1 methodology.
Funder Profile
GrantmakerThis organisation makes grants or donations to other charities and organisations.
About
Generous Ventures envisions a future in which more profit is used for good and businesses have long-term benefits for Aotearoa. To achieve this, Generous Ventures is challenging traditional ownership and governance structures that focus solely on maximising profit by driving more steward ownership models in Aotearoa. Generous Ventures is in the process of becoming a steward of Thankyou Payroll, a company offering payroll software to businesses in Aotearoa. Over the next six years, it will transition to full ownership, at which point profits can be redistributed for social good. For now, Generous Ventures is focused on promoting steward ownership, supporting businesses in making the transition, and empowering future stewards.
Who We Serve
Key Statistics
Financial Trends
Financial Trends (11 Years)
Revenue Breakdown
Financial Health Dashboard
Based on latest annual return data. Metrics are calculated from reported financial data and may not reflect the full picture. View methodology
Revenue Diversification
HHI (Herfindahl–Hirschman Index) measures concentration across 6 income categories. Lower HHI = more diversified. Score above 60 indicates healthy diversification.
Peer Comparison
Ranked against 291 peers · Community Development · Under $100K
Top Peers in Group
Peers are charities in the same sector and revenue size band. Rankings are based on the latest available data.
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Sector & Activities
Data sourced from Charities Services register and publicly available annual returns. Our datasets may not be complete. Automated analysis can produce errors. Scores are calculated using disclosed methodology and are analytical tools, not investment ratings or recommendations. If you believe any data on this page is incorrect, please contact us at hello@charitydata.co.nz. For informational purposes only. Not investment advice. Last updated: 4 October 2026.
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