- Started in June 1987 (16 June 1987)
- Original parties Tuvalu, Australia, New Zealand & UK
- Parties initial contributions:
- Tuvalu $1.6 million AUD
- Australia $8.0 million AUD
- New Zealand $8.3 million AUD
- United Kingdom $8.5 million AUD
- Japan and South Korea also contributed to the TTF within its first year but they were not part of the original contributors
- Japan $700,000 AUD
- Korea $31,000 AUD
- UK has since pulled out (in 2004) but their contribution remains in the Trust Fund
- Turkey also contributed to the Fund in 2015 ($38,000)
- Successive Tuvalu Governments have continued to put money into the Fund with Tuvalu’s total contribution now at $44 million.
- Australia and NZ continue to put money into the Fund
- Australia’s additional contribution now at $33 million and NZ’s at $13 million
- Total payments from TTF to the Government of Tuvalu over 30 years = $101 million, in absolute terms or $154 million in 2017 dollar terms.
- Of the $101 million distributed, $11.5 million was reinvested.
- Currently TTF’s Maintained Value = $164.4 million with market value = $172.3 million, as at 30 September 2017.
- The Government of Tuvalu is committed to reaching a maintained value of $200 million by the year 2020.
- All Funds are invested overseas. Currently with two Fund Managers based in Sydney, Australia and overseen by a Fund Monitor/Investment Advisor.
- The Board is ultimately responsible for all investment decisions on the advice of the Investment Committee.