Foundation News and Events
Friends of the Foundation Event
Events are planned from time to time to showcase developments.
Frequently Asked Questions
Why does St John’s Grammar need a Foundation?
To secure its future, St John’s Grammar is establishing a Foundation to support the School moving forward, reducing the reliance on Government funding or on loans that will leave the school servicing a large debt. The St John’s Grammar Foundation will provide a pool of funds that it can use to draw upon in the future and is separate to the daily operations of the School.
Why can’t St John’s Grammar borrow the funds to complete the projects?
It is important that St John’s Grammar keeps its debt at a level where it can be comfortably serviced without affecting the provision of education services. By starting a Foundation, St John’s Grammar will ensure it is able to sustain its educational mission.
Who will be managing the funds raised by the Foundation?
The St John’s Grammar School Board of Governors, as Trustee, will be responsible for managing the funds raised by the Foundation within the parameters of the Trust Deed. The money raised by the Foundation is to be kept separate from the daily operations of the School and for this reason will be administered by the Trustee who can independently monitor the investment and flow of cash.
Are my donations tax-deductible?
The St John’s Grammar Foundation has deductible gift recipient status, which means that all donations are completely tax deductible.
How much money will go into administration costs?
As with any charitable organisation or Foundation, a small portion of the money raised must go toward administration. Because of the philanthropic nature of the Foundation, the amount put towards administration will depend on the amount raised and the projects undertaken. Payments from the Foundation for expenses are limited to those that are specified in the Trust Deed.
What about the Capital Levy?
St John’s Grammar charges a compulsory Capital Levy with its school fees. This Levy contributes to the costs of ongoing capital works upgrades and renovations to the school. Unfortunately, the Capital Levy funds are not enough to enable all required capital works to take place - particularly large-scale projects – which necessitates the creation of a Foundation to fund these works that cannot be covered by the Capital Levy.