The Tuapeka-Lawrence Community Company wound up operations at the end of August after 32 years working to promote the district.
The company performed a range of tasks, including supporting the community; beautifying and promoting the area; encouraging tourism; producing a local newsletter and managing the Lawrence Information Centre.
During Thursday’s Lawrence-Tuapeka Community Board meeting in Lawrence, company chairwoman Mel Foster said the company was delighted to be able to pass on a surplus of $50,000 to the care of the board, for the disbursement of grants to local community groups.
As much of the money derived from local advertising income, she said it was appropriate to return it to the community for the benefit of local projects.
Tuapeka-Lawrence Community Company treasurer Bernard Bader said he hoped the community board would encourage groups to apply.
"We’d like the board to advertise quarterly and encourage worthy local groups to apply, perhaps for new projects, or projects that have stalled for lack of funds," he said.
"Money is an enabler."
The funds were to be disbursed as capital until spent, rather than through interest earned.
Applicants should be local to the area, groups rather than individuals and seeking funding for projects delivering wider community good.
Projects should "support the community, enhance the area or encourage tourism," Mr Bader said.
Up to four grants a year, each of up to $2500, could be made.
After the presentation, board members delivered a round of applause, thanking the group on behalf of the community.
The Tuapeka Goldfields Museum now manages the town’s information centre, newsletter, website and tourism promotion, funded by grant providers including Clutha District Council.
