{"id":13084,"date":"2016-10-20T13:32:27","date_gmt":"2016-10-20T11:32:27","guid":{"rendered":"http:\/\/www.kearsney.com\/foundation\/?page_id=13084"},"modified":"2023-10-12T13:07:37","modified_gmt":"2023-10-12T11:07:37","slug":"class-funds","status":"publish","type":"page","link":"https:\/\/www.kearsney.com\/foundation\/class-funds\/","title":{"rendered":"Class Funds"},"content":{"rendered":"\n\n\t<div id=\"gap-2132517025\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-2132517025 {\n  padding-top: 30px;\n}\n<\/style>\n\t<\/div>\n\t\n\n<div class=\"container section-title-container\" ><h1 class=\"section-title section-title-normal\"><b aria-hidden=\"true\"><\/b><span class=\"section-title-main\" >Class Funds<\/span><b aria-hidden=\"true\"><\/b><\/h1><\/div>\n\n<div class=\"row\"  id=\"row-100818009\">\n\n\n\t<div id=\"col-2145132007\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<h2>How a Kearsney Class Fund works<\/h2>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1582454969\" class=\"col medium-6 small-12 large-6\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_862869437\">\n\t\t\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"533\" src=\"https:\/\/www.kearsney.com\/foundation\/wp-content\/uploads\/2016\/10\/Class-of-2016-Photo.jpg\" class=\"attachment-original size-original\" alt=\"\" srcset=\"https:\/\/www.kearsney.com\/foundation\/wp-content\/uploads\/2016\/10\/Class-of-2016-Photo.jpg 800w, https:\/\/www.kearsney.com\/foundation\/wp-content\/uploads\/2016\/10\/Class-of-2016-Photo-500x333.jpg 500w, https:\/\/www.kearsney.com\/foundation\/wp-content\/uploads\/2016\/10\/Class-of-2016-Photo-300x200.jpg 300w, https:\/\/www.kearsney.com\/foundation\/wp-content\/uploads\/2016\/10\/Class-of-2016-Photo-768x512.jpg 768w, https:\/\/www.kearsney.com\/foundation\/wp-content\/uploads\/2016\/10\/Class-of-2016-Photo-82x55.jpg 82w, https:\/\/www.kearsney.com\/foundation\/wp-content\/uploads\/2016\/10\/Class-of-2016-Photo-100x67.jpg 100w, https:\/\/www.kearsney.com\/foundation\/wp-content\/uploads\/2016\/10\/Class-of-2016-Photo-156x104.jpg 156w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n<style>\n#image_862869437 {\n  width: 100%;\n}\n<\/style>\n\t<\/div>\n\t\n\n<p><a href=\"\/foundation\/?page_id=14477\">Please click here<\/a>\u00a0to join our circle of valued donors. A few notes on the quick and easy steps\u2026<\/p>\n<p><strong>Step 1<\/strong>: Indicate your gift amount<\/p>\n<p><strong>Step 2:<\/strong>\u00a0Select \u201cBursary\u201d to check if you have a class fund registered. If not select \u201cGift at the discretion of the Headmaster\u201d and specify your class under comments<\/p>\n<p><strong>Step 3<\/strong>: Select a once off gift or a recurring debit order and provide your bank details<\/p>\n<p><strong>Step 4: \u00a0<\/strong>Provide your personal details (required to provide your RSA Section 18a Tax Certificate)<\/p>\n<p><strong>Step 5:<\/strong>\u00a0Give Payment Options (other than a recurring debit order): e.g. PayFast for Credit Card<\/p>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1151550669\" class=\"col medium-6 small-12 large-6\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<ul>\n<li><strong>WHO<\/strong>: Anyone associated with the Class in anyway, may invest in this fund. We invite parents, grandparents, friends, or any friend of Kearsney to be a part of this initiative.<\/li>\n<\/ul>\n<ul>\n<li><strong>HOW<\/strong>: It is quick, easy and safe to pledge on-line and to specify the Class as the beneficiary.\u00a0<a href=\"\/foundation\/?page_id=14477\">Please click here<\/a>\u00a0to sign-on and join us.\u00a0 Gifts can be made as a lump sum donation, monthly debit order; you could raise funds through an event such as a golf day, or nominate the Class Fund through a bequest in a Will.<\/li>\n<\/ul>\n<ul>\n<li><strong>TAX BENEFIT<\/strong>: All RSA donations received directly by the fund are tax deductible as Kearsney is a registered Public Benefit Organisation (PBO). The Kearsney Foundation is in place to issue tax certificates and manage affairs related to this fund.\u00a0<a href=\"\/foundation\/?page_id=7627#1445253233656-d1a0fa66-b57f\">Click<\/a>\u00a0through for tax benefits in the USA<\/li>\n<\/ul>\n<ul>\n<li><strong>WELL MANAGED<\/strong>: All funds are invested by Sanlam Private Wealth, the portfolio managers appointed by the Trustees of the Kearsney Development Trust which was established in 1982.\u00a0The income earned is reinvested until the lump sum endowed can fund a\u00a0<em>Class Bursary Fund<\/em>\u00a0with some of the interest income being saved annually to grow the fund to ensure the fund stays ahead of inflation.<\/li>\n<li><strong>REPORTING<\/strong>: The class will nominate one or two representatives to liaise with the Kearsney Foundation on feedback to supporters regarding the Funds progress, criteria of the bursary and awarding of the recipient in conjunction with the Headmaster and Admissions\/Marketing team. Once the sum of R50,000 is raised and 10 monthly supporters are signed up, a web page will be set-up on the Kearsney Foundation page on\u00a0<a href=\"https:\/\/www.kearsney.com\/\">kearsney.com<\/a>\u00a0(For example\u00a0<a href=\"\/index.php?option=com_content&amp;view=article&amp;id=281&amp;Itemid=208\" target=\"_blank\" rel=\"noopener noreferrer\">click here<\/a>\u00a0to view the\u00a0<em>Class of 2007 Memorial Fund<\/em>\u2019s web page). Similarly the\u00a0<em>Class Fund<\/em>\u00a0will feature in the Foundation Report in the Chronicle<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1553801799\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\n<a href=\"https:\/\/kearsney.devman.co.za\/Devman\/classfunds\/giving\" target=\"_blank\" class=\"button primary is-outline is-large\" rel=\"noopener\" >\n\t\t<span>Donate Now<\/span>\n\t<i class=\"icon-checkmark\" aria-hidden=\"true\"><\/i><\/a>\n\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":58,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-13084","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Class Funds - 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