A charitable trust worth more than $500,000 has been transferred to the Hawke's Bay Foundation.
The Diana and Colin Crombie Scholarship Fund provides bursaries to high school students who are going on to tertiary education.
The three annual successful applicants - one each from Napier Boys' High School, Napier Girls' High School and Iona College each - receive $9000 each over three years towards studies.
Named after its founders, Napier philanthropists Diana and Colin Crombie, the couple made the decision to transfer their long-standing charitable trust to Hawke's Bay Foundation for convenience and the guarantee of safekeeping.
"Transferring our trust to the foundation takes a lot of pressure off us, especially as we're getting older," Diana said.