A total of $8.7 million was granted to Taranaki groups and individuals by the TSB Community Trust in the past 12 months.
At the TSB Community Trust 2012 annual general meeting it was reported that, as the sole shareholder of the TSB Bank, the trust received a dividend of $10 million last year.
In the past financial year, $5.4 million in grants, ranging in size from $150 to $314,950, was paid to 888 applicants.
A further $2.24m will be pledged to 47 organisations if they meet certain criteria while $1.1m was committed in multi-year grants yet to be paid.
Total trust income, including interest on investments, was $10.7m.
Trust chairman Hayden Wano said he was pleased with the organisation's position as it moved through a transition period. The trust would be taking a more proactive role in seeking out applicants worthy of grants rather than applicants seeing the trust as a "mail box", he said.
A change in staffing structure would see a greater focus on community engagement, communication and research.
Applications for grants under $50,000 would now be considered on a monthly basis rather than quarterly.
Mr Wano also noted that progress was being made to include Patea in the trust's grants boundary, albeit slowly. "It's not a simple or quick matter to resolve.
"There's still work to be done and no firm decision has been made at this stage."
The trust was following good advice and working closely with the Patea community, he said.
"It's important that common ground is found."
With four outgoing trustees, the trust will see four new faces on the board.
- © Fairfax NZ News
Would you drink milk that came from a landfarm?Related story: Milk on dump farms to be tested