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The Community Trust of Southland (CTOS) was formed in 1988 when
the Government gave the Southland community 100% ownership in Trust Bank
Southland. The CTOS retained ownership of the bank until 1996 when
it was sold to Westpac for $158 M. This forms the basis of the fund
which the CTOS administers today. These funds are invested world
wide and produce income from which grants are made for the Southland
community's benefit.
The purpose of the CTOS is to manage its
investments and apply the income from these investments by way of grants
for charitable, philanthropic, recreational and other purposes beneficial
to the Southland community.
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