Michaelhouse-Impact Report-2023 (for Jan-Dec 2022)

The Michaelhouse Chairman’s Club was founded in 2000 by Jamie Inglis (Baines, 1961) to raise funds for the school’s Bursary Endowment Trust. All funds raised by the Club are paid to the BET and managed by its Trustees. Over the past 23 years, the Club’s fundraising concept has been enthusiastically received with members - consisting primarily of Old Boys, Parents and Past Parents - now numbering over 330. Generous donations over the past 23 years have funded hundreds of boys - in part or completely - to attend Michaelhosue. In 2022, the trust distributed funds to assist 121 boys with tuition. As a unique fundraising vehicle, the Club allows members to direct their donations and receive ongoing impact reports. The Club also hosts annual lunches for its members in Durban and Johannesburg where the Chairman of the Trusts, Chairman of the Board and the Rector provide updates on the Trust’s performance, topical issues at Michaelhouse and on the boys being assisted. Despite providing over 40% of our boys with financial assistance each year, the School is turning away exceptional boys who have insufficient funding. If Michaelhouse is to continue to play a role in producing tomorrow’s problem-solvers, the School must become more representative. It is evident that a substantial and growing endowment fund is a prerequisite to meeting this objective. If you are interested in supporting the growth of the BET by joining the Chairman’s Club, see page 40. 23 years of Growing the Endowment Trust

The Michaelhouse UK Trust , a registered charity in the UK (#328512) was established in 1990 by Old Boys in the United Kingdom. The founders wanted to give Old Boys an unambiguous and meaningful way of contributing to the School. Its single objective was and remains: “To provide bursaries for boys in need to go to Michaelhouse” Thanks to the generosity of Old Boys and excellent investment management, the fund has continued to grow. The Trust has awarded over 50 bursaries since its inception and currently aims to fund a boy in each Block - a total of five. If you are interested in helping us grow the UK Trust so we can fund more underprivileged boys to go to Michaelhouse, see page 40. 33 years of support from the United Kingdom

In 2022, 121 boys were assisted by funds

Watch a short explanation of the UK Trust and the impact its had and how you can help grow this impact.

distributed by the Bursary Endowment Trust & UK Trust

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