Liddell to head advisory panel
Xero chairman and former Microsoft second-in-command Chris Liddell will head a $100 million education and environmental foundation to invest in "high-impact" projects.
The Next Foundation, launched today, will provide grants of up to $5m each to a maximum of three projects a year.
The foundation will accept expressions of interest for grants from June.
The $100m has been donated by Annette and Neal Plowman, who have funded projects such as the Rotoroa Island Trust in the Hauraki Gulf, Project Janzsoon in the Abel Tasman National Park and Teach First NZ, which aims to tackle educational inequality.
Liddell will head the foundation's advisory panel that selects the projects to be funded.
Liddell said the foundation was focused on education and environmental projects because they had "the greatest potential to inspire and create lasting value for New Zealanders".
"We have a vision of creating a legacy of environmental and educational excellence for the benefit of future generations of New Zealanders," he said.
"To achieve this vision we will make significant commitments to projects that are aspirational, ambitious and high impact.
"The foundation will be a strategic investor in well-managed projects that deliver a meaningful and measurable return to the education of New Zealanders and the protection of our unique landscape, flora and fauna."