The Foundation
The St David's Marist Foundation was established in 2006 and its first objective is to establish an Endowment Fund, which will provide financial resources to the School in perpetuity.The Endowment capital has and will continue to be invested to achieve long term capital growth and provide funding for various priorities identified by the School Board of Governors and the Board of Trustees.
The Foundation can receive both restricted and unrestricted donations. Unrestricted donations are spent at the discretion of the trustees for the purposes that conform to the mission of the School; this provides important flexibility to the trustees and the School Executive. Restricted donations meet the specific aims of donors who may wish to direct their giving at other projects or objectives.
One of the major challenges facing the school is that of meaningful transformation. Foremost amongst the Foundation's priorities is therefore to provide bursaries and scholarships to deserving boys from disadvantaged backgrounds. Once selected, these boys are provided with on-going support to ensure that they stand every chance of achieving success within the school and beyond. To this end, each year the Foundation awards 4–6% of its opening capital to qualifying programs.
The St David's Marist Foundation UK Charity is an extension of our Foundation and is registered as an official charity with the UK Charity Commission. The SDMF UK Charity is able to accept and channel donations from UK based donors to the benefit of St David's Marist Inanda.
Read more about this topic: St David's Marist Inanda
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