Three Pillar Plan
The Three Pillar Plan is to raise capital and invest the funds to generate interest and build the Bishops of the future. The three 'pillars' of the plan are: People, Projects and Programmes. Each pillar is to be supported by donors who are either Old Diocesans, current parents or friends of the school.
People: The most significant and important pillar is the People. The aim of this pillar is to increase the number of scholarships and bursaries - currently totaling R1.5million per annum - awarded to scholars. Another goal of the pillar is to attract the best of the best teachers to the College and to enhance development of existing teachers.
Projects: The aim of the Project pillar is to refurbish existing buildings as well as build new ones. Buildings that have been identified for refurbishment are the Mallett Centre and Staff housing. The creation of a new hockey pavilion, lecture theater and classrooms have also been identified as goals.
Programmes: The Bishops' General Endowment Fund is invested to generate an annual income. This is used to guarantee a steady income for the school over a long term. However, this Fund is tiny compared with other schools like Eton College (R2.230b); Harvard (R194b) and Boston College (R700m). The aim is to increase the fund to R160m by 2020.
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