Rhubarb 2021

ST EDWARD’S

Fundraising:

An independent education however, is no longer an option for many and to make sure our pupil community is representative of the world we are preparing them to enter bursarial support and partnership projects increase in their educational criticality. S t Edward’s is not just a great independent school, but first and foremost, an educational charity. Our charitable objectives drive our approach to education and the place of responsibility we have within our local community. Fundraising helps enable this to happen. In an ideal world the School would have a significant endowment built up over many years to fund such endeavours, but as a relatively young school which has grown significantly over the years, that is work in progress. We have however, got ambition! Ambition for growing a meaningful endowment; Ambition for growing means-tested bursaries; Ambition to fund impactful partnership schemes.

BEYOND TEDDIES

This ambition provides opportunity. Opportunity for you to get involved and to be recognised for the transformation you can affect. There are three ways you can help:

Bursaries Critically during these uncertain economic times, the School is ambitious to make ever greater efforts to address the growing inequalities that are becoming increasingly prevalent in the wake of the pandemic. As an independent education becomes more of a The Governors have therefore decided to address this by re-investing the Endowment Fund investment returns (previously capped at 4% drawdown) for the foreseeable future. Furthermore, all unrestricted donations including legacy donations will also be invested in the Endowment Fund to further enhance its growth, such that in the medium term it can achieve sufficient size that more meaningful proceeds can be drawn down to support the charitable purposes of the School. 2 1 stretch, if not an impossibility, for so many it would benefit, the Governors have committed to growing the number of substantial means-tested bursaries available.There are currently 14% of pupils receiving on average 70% means-tested fee remission and we would like this to grow to an ambitious 20% of pupils receiving 75%+ fee remission.This is a very substantial goal, particularly in a school with a growing pupil population, but is a genuine statement of intent to transform the lives of more pupils than ever by enabling them to access the exceptional educational opportunities that Teddies provides. Endowments, Bursaries and Partnerships. Endowments As at end of May 2021 the Endowment fund was valued at £4,759,934.The annualised return over the past three years has been 7.9% and 11.1% over five years.When compared with many similar schools, the Endowment Fund at St Edward’s is decidedly modest.

“ St Edward’s has significant plans for the next decade. It is critical for the long-term future that the School has an endowment to help support those ambitions.Whilst past returns on current school assets have been good, investment returns alone will not provide the necessary funds going forward.We will work hard to ensure prudent investment decisions to maintain these returns are made but we are now asking our community to also help us grow the endowment for the long-term benefit of all pupils. ” PHILIPWINSTON | GOVERNOR | CHAIR OF THE INVESTMENT COMMITTEE | CURRENT PARENT

“ Teddies gave me so many opportunities to become involved in many aspects of school life: acting, rowing, being a member of the Choir and the Close Harmony group, the

Combined Cadet Force – and eventually I became Head Girl. I shall always be grateful for the support of the Teddies community who helped make it happen. My Teddies friends will be friends for life. ” ANNABEL | STUDYING PSYCHOLOGY AT DURHAM UNIVERSITY | CORFE, 2014-2019

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