STRATHMORE SCHOOL ENDOWMENT FUND


Contrary to popular belief that Strathmore School is a rich-man’s school, the school has an active and efficient bursary scheme that has seen many orphans and students with ability but little financial muscle to make it through. Strathmore has two schemes through which its well-wishers donate funds to aid needy students. In the first scheme, money can be donated to the Bursary Fund and utilized in full in the year in which it is donated. The second scheme involves setting up an Endowment Fund usually named after the donor or in memory of a person of their choice. The school invests the Endowment fund money and, in agreement with the donor, allocates some of the interest earned every year to bursaries and reinvests the rest of the interest to make the fund grow.

Approximately 15% of students at Strathmore School are on bursary.

In 2015, the school awarded Kenya Shillings 8 million in bursaries, to 80 needy students compared to Kenya Shillings 255,000 in 1991. Unfortunately, the bursary figure has not always been matched by an equal amount of donations from parents, past students, companies and well-wishers. In fact the school has in the last 15 years found herself digging deep into her coffers and sometimes withholding funds meant for other projects due to the rising need for bursaries.

We appeal to well wishers to sponsor a student in the school and support the scheme.

 ENDOWMENT FUNDS

Over the years, the school’s benefactors have started 47 endowment funds whose total capital value now stands at Kenya Shillings 84,716,370.

The first Endowment Fund was started in 1994 by Mr. and Mrs. Gajree in memory of their son, Jawahar.

Jawahar Gajree, an alumnus of Strathmore School (1982- 1993), died in a car crash in 1993 while on a short holiday in Kenya.

There are several Endowment Funds started by former staff members and their families e.g. the Mr. Stephen de la Bedoyere Family Fund, the Dr. Branya Fund, Ada Drakard Fund and the Santiago Eguidazu Memorial Fund. Mr. Stephen de la Bedoyere was the Class teacher of the pioneer Std 1 group in 1986, and now lives in United Kingdom. Dr. Branya is the late father of John Branya, who served as Principal of Strathmore School from 1984 to 1995.

A number of past students have also started Endowment Funds e.g. Dr. Deepak Bedi, Mr. Jos Konzolo and Mr. Kenneth Mwangi.

Another alumnus, Ives Mascarenhas, recently started an Endowment Fund in memory of his parents, Geoffrey and Idinha.

The Form 4 class of 1995 started the Nkonge-Majani Memorial Fund in honor of their late classmates. In 2012 alone, members of this class contributed over Kshs 800,000 towards the fund. Other groups that have set up Endowment Funds include the Form 6 classes of 1984, 1986 and 1989, and the Form 4 class of 2001.

Belinda De-souzaThe Belinda de Souza Endowment Fund was launched in July 2013 as an initiative of the Strathmore School Choir. Belinda is the mother of Kevin Desouza, an alumnus of Strathmore School. Members of the choir sung at Belinda’s funeral Mass on 25 June 2013. Her life was an inspiration to them and they felt that her memory should always be honored by starting an Endowment Fund in her name.

2006_F1&_Ochieng Terry The Terry Ochieng Endowment Fund was launched by Keith Ochieng (Form 4 1997 class) in memory of his younger brother, Terry, also an alumnus of Strathmore School.

cliveMembers of the Form 4 class of 1999 started the Clive Kibwage Endowment Fund in honor of their classmate Dr.Clive Kibwage, who passed away in June 2013.

Over the years, several past students have contributed regularly to the more general Past Students Endowment Fund. In 2015 alone, they contributed over Kshs 274,000 to this fund. Many of them contribute monthly via bank standing orders.

HOWTO CONTRIBUTE

SEND CONTRIBUTION VIA M-PESA. TO PAY BY MPESA, KINDLY FOLLOW THE STEPS BELOW:
1. Go M-PESA,
2. Select PAYBILL
3. ENTER BUSINESS NUMBER: 488700
4. ENTER ACCOUNT NUMBER: STRATH
space, then your form 4 graduation year, then name

e.g. STRATH 04 J.KAMAU

WRITE & SEND A CHEQUE TO:
STRATHMORE SCHOOL
P.O. BOX 25095-00603
NAIROBI- KENYA

WIRING THE MONEY TO:
STRATHMORE UNIVERSITY FOUNDATION. INC
ACCOUNT NO. 5054065122,
ROUTING NO. 031000503,
WELLS FARGO BANK, N.A.
PENNSYLVANIA

Strathmore University Foundation is a charitable trust that is registered in U. S.A. Donations to this foundation are tax deductible. E-mail address: suf@strathmorefoundation.org

IN EACH OF THE CASES ABOVE, THE DONOR SHOULD SEND AN EMAIL CONFIRMING THE BENEFICIARY AND DETAILS OF THE PAYMENT ITSELF TO: gwandera@strathmore.ac.ke


 

(Table showing endowment funds)


Endowment Funds

Principal
1st Jan 2017

Additions
Received 2017

Principal
30th Oct 2017
Mr. & Mrs. Githongo E. Fund
Kshs. 85,102
Kshs. 15,000
Kshs. 100,102
Dr. Branya & Family E. Fund
Kshs. 152,410
Kshs. 152,410
Past Students E. Fund
Kshs. 6,285,054
Kshs. 238,160
Kshs. 6,523,214
Mr. Bedoyere Family E. Fund
Kshs. 180,285
Kshs. 180,285
Our Lady of Africa E. Fund
Kshs. 1,138,117
Kshs. 1,138,117
Jawahar Gajree E. Fund
Kshs. 2,307,222
Kshs. 2,307,222
Ada Drakard E. Fund
Kshs. 1,447,549
Kshs. 1,447,549
Ajay Chotai E. Fund
Kshs. 332,631
Kshs. 332,631
1989 Class E. Fund
Kshs. 65,964
Kshs. 675,156
Kshs. 741,120
Dr. Deepak Bedi E. Fund
Kshs. 734,684
Kshs. 734,684
Mr. Wambua & Family E. Fund
Kshs. 976,066
Kshs. 976,066
E. Gendia Memorial Fund
Kshs. 1,586,394
Kshs. 1,586,394
Mr. & Mrs. Knott E. Fund
Kshs. 56,596
Kshs. 56,596
Current Parents E. Fund
Kshs. 23,918,420
Kshs. 2,417,265
Kshs. 26,335,685
Current Students Fundraising
Kshs. 1,004,093
Kshs. 1,004,093
Jos Konzolo & Family E. Fund
Kshs. 367,725
Kshs. 367,725
Mr. Ongwae & Family E. Fund
Kshs. 50,194
Kshs. 50,194
Vincent Maiko E. Fund (1986 F6 Class)
Kshs. 47,236
Kshs. 47,236
Peter Mboya Memorial Fund (1982 F6 Class)
Kshs. 254,385
Kshs. 254,385
Nathan Ngumi E. Fund
Kshs. 555,177
Kshs. 555,177
Kingori Mwangi E. Fund
Kshs. 8,087,139
Kshs. 860,000
Kshs. 8,947,139
Mr. Andrew M. Muthoka & Family Fund
Kshs. 258,472
Kshs. 258,472
Nkonge Majani Fund (Class of '95)
Kshs. 900,872
Kshs. 265,000
Kshs. 1,165,872
Bakhtawar Singh Virdee Memorial Fund
Kshs. 27,649
Kshs. 27,649
Class of 1984 E. Fund
Kshs. 226,278
Kshs. 10,000
Kshs. 236,278
Santiago Eguidazu Memorial Fund
Kshs. 587,804
Kshs. 587,804
Geoffrey & Idinha Mascarenhas E. Fund
Kshs. 7,851,085
Kshs. 7,851,085
Tim & Tina Wanyonyi E. Fund
Kshs. 2,011,780
Kshs. 2,011,780
Class of 1997 E. Fund
Kshs. 50,067
Kshs. 50,067
Kevin O'Byrne Memorial Fund
Kshs. 440,743
Kshs. 440,743
Mr & Mrs. Ken Mwangi E. Fund
Kshs. 387,014
Kshs. 110,000
Kshs. 497,014
Mahmud Rahimtulla Memorial Fund
Kshs. 11,105,553
Kshs. 11,105,553
Joseph Odipo Memorial Fund
Kshs. 59,617
Kshs. 59,617
Mr & Mrs. G. Njoroge E. Fund
Kshs. 931,131
Kshs. 40,000
Kshs. 971,131
Terry Ochieng Memorial Fund
Kshs. 65,038
Kshs. 65,038
Alvin Ngui Memorial Fund (Class of 2012)
Kshs. 15,037
Kshs. 15,037
Belinda DeSouza E. Fund
Kshs. 256,815
Kshs. 23,658
Kshs. 280,473
Fredrick Owegi & Family E. Fund
Kshs. 2,514,008
Kshs. 302,000
Kshs. 2,816,008
Clive Kibwage Memorial Fund (Class of 1999)
Kshs. 101,861
Kshs. 101,861
Diphas & Inviolate Siboe Family E. Fund
Kshs. 117,823
Kshs. 59,000
Kshs. 176,823
Mwangi Watunu & Family E. Fund
Kshs. 51,099
Kshs. 51,099
Class of 2003 E. Fund
Kshs. 345,989
Kshs. 6,000
Kshs. 351,989
Sajabi Family E. Fund
Kshs. 58,136
Kshs. 42,000
Kshs. 100,136
Class of 1987 E. Fund
Kshs. 2,371,973
Kshs. 2,371,973
Class of 2000 E. Fund
Kshs. 137,578
Kshs. 48,300
Kshs. 185,878
Class of 2005 E. Fund
Kshs. 84,300
Kshs. 84,300
Class of 2002 E. Fund
Kshs. 20,666
Kshs. 20,666
TOTAL
Kshs. 80,590,165
Kshs. 5,132,205
Kshs. 85,722,370