Overview
The Foundation's sunset carols fundraiser
Our mission statement
“The St Peter’s Foundation is dedicated to ensuring the long-term sustainability of the St Peter’s family, facilities and the broader community by raising, managing, investing and allocating sustainable funding, in accordance with the school’s values, ethos and tradition.”
The St Peter’s Foundation was established in October 1995 as a special fund to assist the school to preserve, develop and maintain its independence, high standards and facilities. The primary objective was to establish an endowment fund, grow it over time and ensure that the school would never need to raise external funding for any of its major capital projects.
Since it’s inception, the education sector in South Africa has faced several challenges, including the national teacher shortage, inadequate education facilities for the country’s youth and a continuous reminder that our children need to develop the skills necessary to equip them in becoming competitive global citizens. In response to these changes, the foundation has morphed into a more dynamic entity, more concerned about it’s effect on the larger community and led by a belief that, in order to succeed, our community as a whole needs to be educated.
The St Peter’s Foundation is a registered public benefit organisation (PBO: 930-007-561) and operates as a trust fund, managed by an independent board of trustees. The trust has been set up in such a way so as to protect the money donated to us and to enable us to build an endowment fund, which can be used for long-term strategic advancement of the St Peter’s community. It exists primarily to ensure the sustainability of education for future generations. As such, the foundation office sources donor funding, manages the investment and disbursement of funds in line with donor specifications, and ensures the growth of each donor rand.
All donations to the foundation entitle donors to a tax certificate and certain of our underlying initiatives and projects also qualify for BEE and CSI allocation under the new codes.