About the Maurice & Phyllis Paykel Trust

The Maurice and Phyllis Paykel Trust was established in 1973 by the late Mr. Maurice Paykel, philanthropist and co-founder of the Fisher and Paykel group of companies.

It is a charitable trust dedicated to the improvement of health through the support of research and sponsorship of research trainees in the health-related sciences.

The trust began distributing funds in 1975. Grants have been allocated each year since 1977, supporting projects in a broad range of health fields. A scientific committee assists the Trust Board with the ranking and selection of projects for financial support.

In 1980 the trust was incorporated as a charitable body under the Charitable Trusts Act 1957.

 

 

 

Purpose of the Trust

The trustees have discretionary use of trust funds to advance medical or paramedical science, including research and education.

In practice, most expenditure is on research projects and the training of health research workers, including travel to scientific meetings and attendance at training courses.

 

Charitable Donations

The Maurice and Phyllis Paykel Trust was originally empowered to make a limited number of general charitable donations each year, but lost this ability when Maurice Paykel died in 2002. Since then the sole function of the trust has been to support health research.

Another trust was established by Mr Paykel to provide an independent source of funds for general charitable donations. This is a separate charitable body, incorporated in 1982 and known as the Maurice Paykel Charitable Trust. Further information about this trust is available on its website, www.paykelcharitabletrust.co.nz.