OLD ALLEYNIAN ENDOWMENT FUND
The Old Alleynian Endowment Fund was established in 1932 to provide financial assistance to OAs and pupils at the College for their education or for training for an occupation or profession. Assistance is generally provided in the form of an interest- free loan, to be repaid when the beneficiary’s financial situation allows, often in instalments, but help may exceptionally be given in the form of an outright grant. Financial support is not in the first instance intended as a priority for OAs studying for undergraduate degrees, although in exceptional circumstances the trustees will consider applications of this nature. The trustees may also transfer up to 5% of the Fund’s assets annually to The Master’s Fund for disbursement to current pupils or young OAs in connection with one-off co-curricular activities. The backgrounds of the beneficiaries vary widely, although the arts and acting are well represented, with around a third of beneficiaries seeking to develop their careers in this area. Despite the challenging employment market, it is once again gratifying to note that several beneficiaries, having completed their
courses, are now in a position to begin repayment of their loans having found worthwhile jobs. There has been limited demand for new loans during the past year, although one new beneficiary, who had recently been working in the College Archives, has now begun a Master’s degree in Medieval History at Leeds, whilst another, having completed a Master’s degree in Geophysical Hazards at UCL, is progressing to a PhD at Oxford in 2019. Seventeen OAs, to whom a total of £78,000 is currently being loaned, are beneficiaries of the Fund at present. There are currently six trustees, with the Master invited to join the bi-annual trustee meetings. The accounts of the Fund are examined annually by David Johns (70–75), who is stepping down this year after a seven-year stint, and to whom the trustees extend their thanks for his painstaking and thorough work. The Fund reports on an annual basis with a year end of 31 December. Current assets total approximately £168,000 including outstanding loans.
trustee, and collectively the trustees welcome further applications for support. The application process is straightforward, involving an initial meeting with one of the Fund’s trustees; a decision on whether to support funding, and the extent of any loan, is agreed by the trustees collectively. A number of beneficiaries have commented favourably on the help and support afforded by their trustee contacts in terms of their career development. The Fund again acknowledges a generous donation from the Alleyn Club. Additional support is, of course, very welcome. Initial contact should be made in this regard to the Chairman as, in accordance with recognised practice, I am standing down this year having served a seven-year term as both Hon Treasurer and latterly Hon Secretary. Applications for financial support should initially be addressed to the Chairman, Ivor Warburton (57–65), who in 2019 is also acting as Hon Secretary, via email at Warb34stc @ aol.com
Nick Rundle (69–76) Hon. Sec.
All beneficiaries remain closely in touch with their sponsoring
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