Endowment

 

St Aloysius’ College is not in the same position as many other independent schools which have the cushion of a large endowment.  Our aim is to build on our current modest endowment fund, which has been carefully managed, to make a shift-change in our ability to increase the number of Bursary places available to pupils through a ‘needs-blind’ method of admission. 

Donors who wish to support in this way will have their gift added to the St Aloysius’ College (SC042545) portfolio which is under active management by, at present, Brewin Dolphin and is based on an historic yield of at least 6% - 8%.  The entire portfolio is a restricted purpose fund, the proceeds of which (both income and capital growth) must be used to support the provision of Bursaries within St Aloysius’ College. 

The income from a Bursary Endowment would be added to the income received each year from gifts to The Opportunity Fund to disburse Bursary awards each year. 

In academic year 2019-20, 8% of pupils in our Senior School are in receipt of Bursaries at a cost of £500,000 each year.   

For each £250,000 added to our Endowment, at current rates, this would enable one new Bursary pupil for a full 6 years at the College.

The challenge ahead is enormous, and whilst our ambition may take decades to achieve, we must start now to plan for the future.