Assisted Places Fund
The Assisted Place Fund aims to dramatically increase the financial support, in the form of Assisted Places, that is available to bright boys in Birmingham who apply to King Edward's School, Birmingham but who, due to family fianances, would be unable to attend without this support.
This is project will require ongoing, annual support
Charity information: The King Edward's School Birmingham Trust
The historic purpose of King Edward's School has been to provide outstanding education for boys from the Birmingham area, whatever their family income. Until 1997 the Government, under initiatives such as Direct Grants, funded places for boys whose families could not afford to pay. Now, without this funding, there are 20 or so boys every year who are bright enough to come to the school but for whom there are no funds available.
The Assisted Places Fund aims to dramatically increase the financial support that is available so that funding is available for every boy who is bright enough to come to the school. Donors will fund these additional Assisted Places either by directly funding an individual boy or by collectively funding a place together.
Our aim is to secure an income of £1m per year to double the number of Assisted Places we can offer.
Activities» ENDOWMENT: We will raise an endowment of about £5m from major gifts and legacies to fund Assisted Places in perpetuity.
» SPONSORSHIP: We will create a group of sponsors who are directly funding individual Assisted Places.
» COLLECTIVE GIVING: We will seek one-off and regular support at any level which will then collectively fund Assisted Places.
Success will be securing this income and reaching our target of doubling the number of places by 2020.
This project will transform the lives of those boys who receive the new Assisted Places. It is more likely they will go on to the best universities and embark on careers that will change the world in which they live. The project will increase the social mobility of many Birmingham families. Success will be demonstrated by the increased demand for Assisted Places and the success that the boys themselves create for themselves in later life.
It is possible, but highly unlikely in the current climate, that the Government could decide to re-instate state funding (like Direct Grants). However if this did happen we could use the money raise to match against any Government support, and so maximise it.
Those donors who are sponsoring individual boys will receive an annual report from the Chief Master to update them on their progress. All donors will receive the annual Trust Report publication as well as an invitation to the annual donor reception event.
Budget - Project Cost: £12,000,000Loading graph....
Amount Heading Description £7,000,000 Endowed gifts Amount to raise by 2020 £3,000,000 Sponsor gifts Amount to raise by 2020 £2,000,000 Collective gifts Amount to raise by 2020
Current Funding / Pledges
Source Amount Various £1,500,000 Guaranteed
King Edward's School, Birmingham is one of the best independent boys’ schools in the country. It has two key aims: excellence and accessilbility. In terms of excellence, the school has recently embarked on a major building programme including the new Paul and Jill Ruddock Performing Arts Centre which will open in 2012. Funding for this programme has been secured so that the Trust can focus on providing funding for the second aim, accessibility, through the Assisted Places Fund.
The 20 or so boys who pass the entrance exam to the school each year but who require financial support in order to attend the school which is currently not available. These boys often come from some of the poorest area of Birmingham. Having the opportunity to be educated at King Edward's will transform their lives.
The Development Office, who undertake all fundraising on behalf of the Trust, are based at the school and, currently, all the trustees are former pupils of the school. The Trust has already raised over £1.5m for the project from former pupils, parents, other individuals, charitable trusts and companies.
Read more about the Charity running this project.
Chief Master (head) of King Edward's and former pupil of the school.
I was fortunate enough to benefit from the Direct Grant system when I was at King Edward’s and the education I received gave me a great start in life.