October 16, 2016
School assets turned into scholarships
It may not be able to reopen the schools but the St Stephen’s and Queen Victoria Schools Trust Board is back in the business of education.
After spending a number of years paying down debt and quitting non-performing assets, the trust has launched a new scholarship programme.
The Mihingare (Anglican) Secondary School Scholarships are for Maori secondary school students who demonstrate financial need, leadership qualities or potential and a satisfactory educational background, and who will benefit from additional financial support for their secondary schooling.
There will be up to 30 scholarships worth up to $10,000 each.
While the trust’s purpose is education not just for Maori but people of all races and denominations, special consideration will be given to applicants who are Maori, Anglican, will be attending Maori Anglican special character schools, and/or are whanau of past students of St Stephen’s and Queen Victoria schools.
The trust’s most recent accounts for the year to September 2015 show income of almost $1.8 million.
It has $61 million in assets, with the land and buildings of the former Queen Victoria school in Parnell accounting for almost half the value.
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