The Invercargill Licensing Trust is a Licensing Trust in the city of Invercargill in New Zealand.
It has a monopoly on the development of premises licensed for the sale of alcoholic beverages, and associated accommodation, in the city and uses the profits from these to fund school, sports and cultural groups, and welfare bodies. Along with its Charitable Trust and Sports Foundation it provides donations and sponsorships of approximately $3 million annually to nearly 500 organisations.
Read more about Invercargill Licensing Trust: ILT Foundation, History
Famous quotes containing the word trust:
“And such the trust that still were mine,
Though stormy winds swept o’er the brine,
Or though the tempest’s fiery breath
Roused me from sleep to wreck and death.
In ocean cave, still safe with Thee
The germ of immortality!
And calm and peaceful shall I sleep,
Rocked in the cradle of the deep.”
—Emma Hart Willard (1787–1870)