A proposal for the WEL Energy Trust to commit $10 million to a newly formed group will be confirmed late next month.

Trustees to find new ways of investing in community, writes Narelle Henson.

WEL Energy Trust chairman Mark Ingle said WEL Trust was 100 per cent supportive of the Momentum Foundation and had provided an $80,000, operating grant to help it get established.

New Zealand's newest community foundation has been established in Waikato and aims to build up a $300 million fund to be spent just in this region.