"Still, we were astounded by the generosity of the hundreds of opening night ticket holders, sponsors and suppliers who donated their tickets or fees."
Cholmondeley Children's Centre in Christchurch, which provides respite care to children in need, will receive at least $75,000.
This donation is likely to be increased later this year once the trust has been wound up, Hay said.
The January event was to be the last for Sculpture on the Peninsula.
"While we're disappointed we weren't able to finish with a final event, we're proud to have sustained the legacy of Sculpture on the Peninsula for so many years, and we are so grateful to the sculptors, volunteers and sponsors who have enabled us to support Cholmondeley for so long.
Sculpture on the Peninsula has raised more than $825,000 for Cholmondeley Children's Centre since the event began in January 2000.