"Reed gave away almost all that he owned and earned. He devoted significant time and funds to building up a collection of rare manuscripts and books at the Dunedin Public Library, which included manuscript and printed bibles and autograph letters. The Alfred and Isabel and Marian Reed Trust was established in 1939. Among its activities, the Trust assisted various philanthropic organisations, published or subsidised the publication of dozens of religious and secular books and booklets, and donated money to a kauri park in Northland."

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