The Endowment Fund returned a net 5.4 per cent, which benchmarks well when compared to other similar balanced funds that averaged 3.5 per cent.
There is an increasing desire by the College to see our Scholarship and Bursary students acknowledge that it is indeed a privilege to be a recipient. In fact, several of the existing Endowment Funds are the result of significant donations by previous scholarship beneficiaries. There is a future expectation that, over time, these students will acknowledge the generous efforts of the Foundation and give back to King’s, either financially or by way of giving their time to the College.
In 2016 the Foundation granted $770,000 towards scholarships, spread across 65 students.
In addition, $130,000 was contributed to various other non student scholarship recipients, 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 2016 were Bryan Sapsworth and Ro Bairstow. You can read about their experiences while on the Fellowship on pages 24 and 25 of our Foundation Annual Report.Read our 2016 King’s Foundation Annual Report View the 2016 full financials