Spending by Waikato-Tainui's Ururangi charitable trust reinforces the perception that tribal trust money goes on cars and lifestyle for a favoured few and not on charity.The Ururangi Trust was set up in 2008 by Waikato-Tainui Kauhanganui Incorporated for a range of charitable purposes, mostly limited to purpose (b) as described in section 1.4 of the trust deed, to "carry out the duties and services which uphold and support the head of the Kaahui Ariki and which are for the benefit of Waikato Tainui." (1)
Shares in its sole trustee, Ururangi Limited, are owned by the iwi's governance entity Waikato-Tainui Te Kauhanganui Incorporated with the beneficiaries listed as “Waikato-Tainui beneficiaries, children/young people, older people”, and “general public”. (2)
