Newington’s Endowment Fund
In previous ONU Newsletters, we have been proud to let you know all about the College’s Endowment Fund. The Fund was successfully launched at the P&F Newington Ball in September 2016 with some 600 parents and quite a few Old Boys donating a combined $170,000 to kick start the Newington parents’ involvement in supporting the Endowment Fund.
The Endowment Fund has the goal to raise sufficient funds to provide up to 100 Bursaries at any one time, so that Boys of Promise whose families cannot afford a Newington education have the opportunity to become Newington Men of Substance. Newington’s diversity has always been its strength and the Endowment Fund will ensure that in perpetuity, our socio-economic diversity will be maintained – for the benefit of all the boys at Newington.
We currently have a small number of Bursaries operating that some of you have or are generously supporting. The Chris Wild Indigenous Bursary and the Phillip Davis OAM Mathematics Bursary are two that warrant continued Old Boy support. The Old Boy Trustees of the Chris Wild Indigenous Bursary have set a goal to fundraise $5 million so that every year, an Indigenous boy can be provided the opportunity of a Newington education.
With Phil Davis’ passing earlier this year, the opportunity is there for every Old Boy to chip in and fulfil his vision for a Mathematics Bursary in his memory. As the Patron of the Founders Society, Phil has substantially contributed through his Will but we need the support of every Old Boy from the last 66 years, to make Phil’s vision a reality.
As an Old Boy, we hope that you have had the chance to reflect on the value of your Newington education. We hope that now you may think it would be a good thing to provide, in a small way, the opportunity for another boy, not in as secure financial circumstances, to also benefit from a Newington education.
With the end of the financial year fast approaching, a fully tax deductible donation to the Wild or Davis Bursaries or the Endowment Fund itself, will make a big difference to another boy’s life, forever.
Newington’s Bursary program and the Endowment Fund is ambitious but essential, if we are to keep Newington available for all boys, of all backgrounds. Will you help us meet this goal? To make a donation or find out more, click on this link to visit our Foundation Website.
They say that one can only see so far because we stand on the shoulders of giants that have come before. Will you join us in being the giants for the next Newington generation?