A charitable foundation created in 2016 by Darwin water bottler NT Beverages to donate a portion of profits to “those in need” has never made a donation.
NT Beverages’ Akuna Foundation website was shut down in the last week, after the ABC raised questions about its role and functions.
ASIC records show the foundation was deregistered in July 2017 — little more than a year after it was established — but NT Beverages continued to claim on the website that the foundation was committed to distributing 10 per cent of the company’s pre-tax profits to worthy community causes.
Foundation directors contacted by the ABC said that NT Beverages never called a board meeting during the life of the entity and that the board was not presented with any charitable donations to approve.
To view the full ABC article, click here.