The Acorn Foundation, launched in 2003, now has $9 million in its investment fund and has just celebrated reaching 200 donors, says KPMG partner Glenn Keaney, who took over the chairmanship of the foundation last month.
"It took us around seven years to get the first 100 donors and three more years to get the next 100," he said.
"If we keep the momentum up, that number will increase. My dream is that in 10 or 15 years we can work really closely with the likes of TECT and Bay Trust to make significant changes in the community."
The current anticipated value of committed donations was about $100 million, but that amount could change depending upon the ultimate disposition of wills and additional donor contributions, added Mr Keaney.
Craigs Investment Partners manages the foundation's fund for a nominal fee, and a two-member investment committee from the board of trustees reviews investment decisions.