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Endowment Trust Increases Support to MCS

The Auckland Christian Schools Endowment Trust had its Annual General Meeting early in October.

In 2009, the Endowment Trust was able to contribute $4,000 towards MCS operating costs. Next year, the Trust plans to increase this distribution. Due to additional donations made to the Trust over the past year, the Trustees agreed to increase the annual support for MCS in 2010 to $4,500 pa, which will represent a 12.5% increase on the amount paid to the School in 2009.

The Trustees are keen to encourage donations and gifts to the Endowment Trust. Donations and gifts are fully tax deductible. The Trust is registered with the Charities Commission and with the IRD as a donee organization.

All donations (unless otherwise specified by the donor) are invested in high security income earning investments. All the income of the Trust is distributed to MCS to help with operating costs and expenses, thereby keeping tuition fees as low as possible. The Trust is required to keep the capital intact so that it will be able to generate a perpetual gift to MCS.

If you know of anyone, or of a business, which may like to donate to the Trust, please contact Geraldine at MCS (ddi: +64.9.269.1050)

Donations can be sent electronically to ACS Endowment Trust (ASB account: 12-3231-0647032-00). Please inform Geraldine of details so that a tax receipt can be issued, or drop a note to the Trustees, at ACS Endowment Trust, PO Box 100-937, North Shore Mail Centre, North Shore City 0745. Many thanks.