The Trust Fund with its diversified income streams had an outstanding year, with a net 15 per cent return. This return is out of the ordinary, and as such our outlook for 2019 will be in the more conservative range of 5 to 6 per cent.
Our primary focus continues to be on financial assistance towards student scholarships and bursaries. In 2017 This Trust Fund enabled the Foundation to distribute $245,000 to the College for targeted scholarship and bursary assistance.
Since the establishment of the Foundation, a wide range of Capital Endowment Funds for scholarship and bursary purposes have been endowed. Endowed scholarships allow the Foundation to support St Peter’s in perpetuity, and are a focus of the Foundation.