Te Korotete - The storage basket for live piharau and tuna Te korotete mōmona nā Maru.
The bounteous basket of Maru.
Maru is a primary deity of Whanganui Iwi in respect of the River. Maru has the power to provide where kawa is maintained.
The fund within Te Korotete o Te Awa Tupua will, through effort and careful management, grow and provide for Te Awa Tupua.
$30 million pūtea (fund) to support initiatives for health and wellbeing of Te Awa Tupua
Administered by Te Pou Tupua
Contestable and open to all groups
To complement existing funding sources
While the Te Korotete fund has been growing by earning interest on the original $30m settlement, Te Pou Tupua are currently developing a Statement of Investment and Objectives (SIPO), by spending time with a number of advisors to development investment principles, based on Tupua Te Kawa. These will be used to guide the development of the SIPO and the long-term investment of the fund.
Te Pou Tupua are also in the process of developing a distribution policy and criteria that will guide how the fund will be applied in the years to come.