The Foundation the Indigenous Scholarships and the Country Boarder Bursaries. These activities are supported by fundraising initiatives such as the Business Breakfasts, our Annual Golf Day, the Cattle Tag program, and the Voluntary Building Fund donations. The Capital Investment Account continues to grow, providing an opportunity for bequests and donations for the future benefit of the School. I encourage all parents and friends to become familiar with the activities and objectives of the TSS Foundation. The following articles will provide further information on how we can all contribute and benefit. ROB GIBSON
President of The Southport School Foundation On behalf of the Board of TSS Foundation, I would like to take the opportunity to thank all involved in contributing to a very successful year. This includes my fellow Board members, the many volunteers who assist at our Business Breakfasts and Golf Day, our excellent breakfast speakers, and the many parents and friends who have either contributed funds or participated in our activities. We especially acknowledge the work of Gerry Northausen, TSS Foundation’s Executive Officer. Gerry’s tireless efforts with the day-to-day coordination of the Foundation’s activities is very much appreciated.
CAPITAL INVESTMENT FUND
The Southport School Foundation has a long-term investment fund – The Capital Investment Fund.
President along with Foundation Director Mr Angus Douglas provide investment recommendations to the Foundation Board for approval. We are both experienced stockbrokers with Morgans Financial. So far, $980,000 has been invested, with an approximate 50/50 split between fixed-interest securities and shares. The portfolio has increased in value to $1,096,289 and is forecast to provide annual income of $80,209, representing an income return of 7.3% (8.2% on the original amount invested). The chart below provides a summary of the current investments. We encourage Old Boys and Friends of the School to consider providing a legacy in their wills or make taxdeductible donations. Such donations will be carefully invested for the longterm benefit of the School.
This fund meets a need of Old Boys and Friends of the School, providing an ability to leave a legacy in their wills or make tax-deductible donations towards the long-term benefit of the School. The Fund’s intention is to build a portfolio of investments that generate a high level of income. This income will be used for the benefit of the School on a perpetual basis. The Fund’s investments comprise a mix of fixed-interest and high-yielding blue-chip shares. I as TSS Foundation
We were delighted to have Bruce Wright recently appointed as TSS Director of Philanthropy. As an Old Boy, recent member of the School Council, and having gained more TSS titles than I have room for, Bruce is very well known and respected in the School community. Please take the time to read and digest Bruce’s comments on philanthropy, how it’s been part of the School’s culture since inception, and how we can all contribute in some way. The Foundation continues to contribute to the School Building Program,
THE SOUTHPORT SCHOOL SOUTHPORTONIAN 2014
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