About
About the St Stithians Endowment Fund
The Stithians Endowment Fund was established in 2010 with a view to providing the school with a secure financial asset.
The Endowment fund is not a current account but rather a strategic financial asset that is prudently invested to beat inflation and grow in order to generate funds for the school. Post 2020 it has become even more evident that the establishment of a strong endowment fund is an imperative if St Stithians College is to weather any storm and continue to provide safe guidance to all those in our community.
An endowment fund is not simply one fund, but rather it is made up of many projects and bursary funds which the money is ringfenced for. Individuals, Trusts or Companies may partner with the St Stithians Endowment to start a fund. Part of the donation will be distributed, and part will be invested to ensure the project or bursary does not run out of money, keeps up with inflation and continues to provide financial support for what it was intended for.
An endowment donation is a donation to a non-profit organisation, which uses the resulting investment income for a specific purpose. As a guiding principle, the Endowment Fund aims to raise funds while preserving a portion of the funds for long-term investment. This strategy ensures the growth of the fund over time and potentially enables the interest generated to provide bursaries, support capital projects, or fulfil any other objectives determined by your class. We generally advise not distributing more than 25% of the funds raised to maintain the fund's sustainability.
The following Associations and Individuals have created their legacies through the St Stithians Endowment Fund:
Old Stithian Association Fund
The Old Stithian association was established in 1954, one year after the school was founded with the aim to care for the interests of Old Stithians. The organisation is financially stable and supports the work being done at the school. The Old Stithian Association Fund aims to assist Old Stithians in financial need and capital projects taking place at the school.
https://www.stithian.com/old-stithian-association
Fiona and Zanele Nzau Leadership Scholarship
Old Stithian sisters, Fiona and Zanele Nzau (Classes of 2015 and 2019) both wanted to provide opportunities for historically disadvantaged students, with leadership potential to receive a financial aid. Together with their parents they partnered with the Endowment Fund to create the Fiona and Zanele Nzau Endowment fund.
Currently this partial scholarship is awarded to a Grade 9 for 3 years starting in their Grade 10 year. The Nzau family commits a certain amount of funds each year, 75% of which is saved and invested, 25% of which is distributed. This ensures that their fund continues to grow while currently assisting students. Their long-term vision is to provide a full scholarship.
Robert Wylde Scholarship
David and Ingrid Wylde are Robert Wylde (Class of 1995) parents. David was the 4th Head of the Boys’ College and later became the first Rector of the school.
Robert passed away tragically in 2016 and his parents wanted to ensure that his godchildren were well-educated and afforded the opportunity to attend St Stithians College. The Robert Wylde scholarship will initially educate Rob’s 2 godchildren but with careful fund management, additional boys will also attend the school. This is a full scholarship covering both tuition, boarding and incidentals.
https://www.youtube.com/watch?v=oqWm3kINKxA.
Carel Nolte Scholarship Fund
The Carel Nolte Cultural Scholarship Fund was established in gratitude for the years of service Carel Nolte (Class of 1991) provided the school as a Council member, Chair of Council, OSA Chair and loyal Saints supporter. The fund aims to provide opportunities for budding visual and performing art artists to attend St Stithians College and further their talents and education.
