The Trust Fund with its diversified income streams had an outstanding year, with a net 15 per cent return. This return is out of the ordinary, and as such our outlook for 2018 will be in the more conservative range of 5 to 6 per cent.
Our primary focus continues to be on financial assistance towards student scholarships and bursaries. In 2017 This Trust Fund enabled the Foundation to distribute $722,804 to the College for targeted scholarship and bursary assistance.
In addition, $267,614 was also distributed for other purposes including the highly-sought after Margaret Myers Fellowship that enables two teachers a year to travel overseas to learn more about their chosen subjects. The two recipients for 2017 were Mark Kennelly and Geoff Smith. You can read about their experiences while on the Fellowship on pages 24 and 25 of our Foundation Annual Report.
Since the establishment of the Foundation, a wide range of Capital Endowment Funds for scholarship and bursary purposes have been endowed. Many of these funds specify who can benefit from them. However, we note there are none dedicated for use by our female students and this is an area for serious consideration as we look towards celebrating the important milestone of 40 years of girls at King’s in 2020.Read our 2017 King’s Foundation Annual Report View the 2017 full financials