|
Here at Downside we are proud
of our tradition of offering means tested bursaries to
Catholic children who we know will thrive here; however,
we do need the means to continue this good work and safeguard
this principle for future generations. However,
in the absence of any significant endowment scholarships
and bursaries are funded from fees.
The Charity Commission
advise that 7-10% of pupils are partially funded by
offering means tested places. Our aim is to fund these
places through charitable giving and maximise the Gift
Aid we can apply to make the most of tax efficient
donations.
|
Cost
of a scholarship or bursary |
|
Annual
Costs |
|
Gross
Amount |
|
| |
Annual
Fees per pupil |
|
£25,000 |
|
|
|
| |
50% Bursary
for one pupil |
|
£12,500 |
|
|
|
| |
|
|
|
|
|
|
| |
Sponsorship |
|
|
|
|
|
| |
To
sponsor a pupil from 13-18 on 50% bursary/scholarship |
|
i.e
5 years |
|
£62,500 |
|
| |
To have
one pupil on 50% bursary
/scholarship in every year
group |
|
£62,500 |
|
|
|
| |
Annual
cash donation of £50,000 augmented through Gift Aid |
|
£62,500 |
|
|
|
| |
Higher
Rate tax offset of £12,500 |
|
|
|
|
|
| |
Actual
cost to the donor |
|
£37,500 |
|
|
|
| |
|
|
|
|
|
|
| |
Endowment |
|
|
|
|
|
| |
To endow
a bursary in perpetuity for a new pupil every year
the capital invested must generate annually |
|
£62,500 |
|
|
|
| |
Assuming
interest rates at 5% |
|
£50,000 |
|
£1,000,000 |
|
To educate a
Downside pupil from 13-18 costs £125,000 and we give away
£500,000 every year to families in need of help. We have
no endowment so this support comes entirely from fee income
and impacts on our surplus every year. We are not alone
click here.
If you are now in a position
to give something back and help future generations to benefit
from a Downside education then please make a donation to
our Bursary Fund by clicking here. |
