The Building Trust
The Building Trust was registered in December 1999. It raises money for the acquisition, construction or repairs, maintenance and improvement to buildings used by the School. Projects completed from this Fund include the Dorothy Knox Centre extension, paving in the courtyard, the covered shelter extension to the Primary school building, upgrades to the Year 12 Careers and Common Rooms, improvements to the computer room and installation of digital whiteboards as well as yearly contributions for the programmed maintenance costs of the school buildings.
In 2010 the “Atlas Project” was launched to raise a minimum pool of funds of $400,000 to finance a yearly stream of income to the school for capital maintenance and small upgrades and so help prevent depleting the Building Trust totally whilst maintaining perpetual support to the school.
Larger projects are financed by appeals and can be financed when enough funds are raised from donations and from income on funds invested. The Trust also provides loans to the school for projects at below comparable bank rates.
This Trust has Deductible Gift Recipient status so donations to this Fund are tax-deductible. The Foundation Board must ensure that any expenditure or contributions from this Trust meet the requirements of the Tax Act under the status as a Building Fund.
The Education Trust
The Education Trust is designed to assist with purchase of educational equipment. As donations are non-tax deductible to this Trust, the Fund is non-operating at this time.
The Scholarship Trust
The Scholarship Trust was registered in December 2006 for the purpose of raising and managing funds donated for the provision of scholarships and bursaries. It is an endowment fund, ie: a perpetual investment fund. It provides money to the school from the income generated in the fund for scholarships, bursaries and prizes. The awarding of these are administered by the Head of School. As a Deductible Gift Recipient the Foundation Board must ensure that any Scholarships or Bursaries from this Trust meet the requirements of the Tax Act.
The income generated from the fund assists to increase student-numbers through funding scholarships and bursaries for girls. This provides the school with a regular, annual income which immediately assists to release school fees for capital expenditure in classroom and playground equipment. Donations to this Trust are tax-deductible.
In September 2007 the Foundation launched the Scholarship Trust with the objective to raise $1 million in ten years. The first stage, called “333 in 3”, aimed to achieve $333,000 in 3 years. By December 2009 a total of over $600,000 had been achieved due to the strong support from the school community, major donors and the Old Girls Union.
This enabled the Foundation in 2010 to launch the Leitch-Parker Scholarships for Musical Excellence (which at the end of 5 years will accumulate to a total of $100,000 in scholarships each year into the school for 12 to 15 new girls); the Victoria Palmer Scholarship for Junior School and commence an annual donation to the school of $10,000 to go towards general scholarships. The Foundation extends its sincere thanks to all who have so generously donated towards these excellent achievements.
In 2010 the Foundation Board set the target to raise “999 in 9” to complete the 2nd stage for the Scholarship Trust to reach $1 million in funds for scholarships.