- In 1998, New Zealand’s government gave the indigenous Maori people reparations for injustices during British colonization (1800s).
- While awaiting distributions, Ngai Tahu tribe leaders studied successful Ivy League endowments to learn how to effectively invest the coming windfall.
- Since receiving the first reparations payout (NZ$170 Million), the iwi have seen their assets grow to NZ$2 Billion ($1.3 Billion) even after funding scholarships, grants and savings plans for tribe members.
- Successful investments have included a retirement village operator and resorts.
