The Foundation

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. 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 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.

CAPITAL INVESTMENT FUND

The Southport School Foundation has a long-term investment fund – The Capital Investment Fund. 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 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.

PETER LOCKHART (THO ’62-’65)

President of the Old

Southportonians’ Association

OLD SOUTHPORTONIANS’ ASSOCIATION 2014 has sped by and we now have a new cohort with us, swelling the ranks further of the OSA. We have seen another challenging year, filled with Old Boy reunions and gatherings, mentoring, bursary reviews and awarding of same, all capably handled by the OSA Council.

The OSA continues to provide benefits to the School in accordance with its objectives. The Association has been doing so since 1907 and stands to remind the School of its history and the values that have made it what it is today. We are proud and grateful to perform this role and our aim is always to preserve the character, integrity and culture of our School, which sets an enviable standard in the community. The positive results and busy activity of our Association is a clear reminder of the benefits of following a valid five year Strategic Plan. The plan has been followed and objectives achieved over the past four and a half years and it is timely a review be conducted for the next five years to ensure that the Association continues in the best way forward. This will be the job of the 2015 OSA Council.

When reviewing the OSA’s objectives it is rewarding to see these are achieved in no small way due to the efforts of the Executive and Council who have been more than ably assisted by our Executive Officer, Kris Hailey.

A review of this year’s activity sees the Association achieving these objectives, highlighted by the following:• The Bursary fund has been well looked after over the years. This has meant that for 2014 the OSA has been able to allocate $20,000 and in 2015 the sum of $21,000. These amounts have enabled sons of

Old Boys to attend the School and enjoy everything it has to offer. The

Finance Committee is constantly monitoring our investments to ensure that these amounts are available annually. • There are funds in the care of the

OSA that are specifically directed at sporting enhancements and to that end the OSA contributed $22,000 towards the purchase of a new VIII for the rowers. All the above contributions could never be possible without the original donation of funds by Old Boys. These very generous donations have allowed the OSA to continue its traditions.

• We see the fostering of good fellowship between past and present boys manifested in the

Mentoring programs the OSA has been involved with throughout the year. Old Boys with skills that cover the entire spectrum of industries have passed on knowledge of their professions to current students who are now able to gain a better picture of how they can put their TSS education to good use. • Our Reunion weekend in August was another outstanding success.

The Older Old Boys’ Assembly and Generations Dinner is always a great start to the weekend, giving the current boys a firsthand look at some of the finer products of the School. The popularity of the

Reunion Dinner has meant that both a Friday and a Saturday night dinner have been necessary to allow everyone to attend. The Reunion and Membership committee works all year to schedule the events and make sure every Old Boy possible is aware of the details.