King's College Foundation Annual Report

King’s College Foundation Annual Report 2019

It was fantastic to see some of our Foundation Members attend the Foundation Cocktails event before watching the 2019 Glee Club’s performance of Our House.

Foundation Annual Report 2019 1 From the President

I am pleased to present my The idea is to develop leading-edge demand for scholarship assistance for students. infrastructure and learning opportunities for From 2020 the amount the Foundation pledges President’s report for the our students. to this area will start to significantly reduce from year ended 2019. where it was four or five years ago. With that in mind, we are able to provide funding to get this Next Horizon campaign The year 2020 marks the 40th anniversary of the Last year, I noted that 2020 under way. arrival of female students at the College in 1980. would see the Foundation The building blocks have been firmly established As there is no specific scholarship open only focus its efforts on and 2020 will mark the beginning of the to prospective female students, this could be supporting the College’s active phase. an appropriate time to mark the substantial contribution young women have made to the The past Board of Governors’ Chairman capital campaign – or, as it College in the form of an annual scholarship. is known, the Next Horizon Ross Green (Selwyn, 1968–72) is leading this campaign and has current Foundation Board Investment fund project, which is part of Members Peter Wilson, Carrie Hobson and the much larger Master Liz Young among his Campaign Cabinet. The roller coaster ride that has been our Investment Fund enjoyed a significant rise I would like to take this opportunity to Property Plan the College is in 2019, as the markets around the world acknowledge the work of Robert Brooke, the putting together. rebounded from the grim days of 2018. Campaign Development Manager. He has done, and continues to do, a mountain of work quietly Our Fund returned a net 17.31% and the balance behind the scenes. at 31 December was $26,063,145. This year we distributed $2,639,000 to the College. Scholarship support The pleasing aspect of a successful year means We continue to support scholarships and all our individual funds are able to grow by our bursaries for students and teachers’ curricular allotted 2%. development as well as fund various requests As I write this report, the COVID-19 virus is from sporting teams and musical groups. having an impact on world markets. Only The advantage of a strong roll (which currently time will tell to what degree this impacts on stands at about 1,100) is that there is a reduced investment markets and our Fund.

The 2019 Annual Giving campaign continued our regular giving to several key funds. In 2020 money raised for the Chapel Photography archive project will help to preserve and safeguard detailed architectural imagery of the Memorial Chapel.

2 Foundation Annual Report 2019 Successful functions Acknowledgements Anniversary plans The hosting of functions by our Foundation The Investment Committee is very fortunate In 2020, the Foundation will celebrate its 40th Members is always a highlight of the year for me. to have had Andy Morris at the helm. This Anniversary. It was formally established by the year the markets were in our favour and such Board of Governors in September 1980. The opening-night cocktails before the outstanding double-digit returns may not be Glee Club’s performance of Our House was The Foundation was designed as a means of repeated for some time. well attended. Glee Club performances are providing a fund so King’s could support itself always polished and enjoyable, and this was The respective fund managers are invited to as an independent school, should it fall on no exception. speak to the committee at least once a year at hard times. the quarterly meetings so it can continue to Glee Club nights showcase the amazing talent If social distancing permits, we are looking assess their management style and procedures. within King’s College. It is produced and at a special gathering to acknowledge this performed in just three months. I would like to acknowledge the other milestone in early August and more details will Investment Committee members – Peter Clarke, be provided on this. The other event we host is our annual Donors’ James Ring, Peter Wilson and James Mitchell – function, held last year on the premises of one The Next Horizon campaign will be the major for their contribution throughout the year. of the College’s major sponsors Archibald & focus in 2020 and we will be giving Chairman Shorter, who support the College through its The Foundation is tremendously well served Ross Green and his team all the support we can. Land Rover and Jaguar premium brands. by the very capable Jeanette Paine in her role

as Director of Marketing and Development. We had two outstanding student speakers, Virtus Pollet. She is closely involved with the Next Horizon Levi Uluakiahoia (School House) and campaign also. Richard Kidd Thomas Clarkson (Major). Both young men were PRESIDENT scholarship recipients and achieved fine results Paul Chapman is Director of Commercial over their time at King’s. Services and his services involving the Foundation and Investment Committee are Their speeches were a credit to both them and much appreciated. the College, and they made clear to all present the benefit of having had a King’s education, My final thank you is to the Foundation Board assisted by our scholarship funding. Members – Simon Power, Peter Wilson, Andy Morris, Carrie Hobson, Murray Reid and Liz Young. They willingly give of their time and knowledge to attend not only our meetings but many other functions around the College.

Foundation Annual Report 2019 3 Scholarship fund supports promising performing artists and scholar

Excerpt from presentation at Donors’ function held on 14 November 2019 at Archibald & Shorter, Jaguar Showroom, Great South Road in Greenlane. Following his address, Tom Clarkson (Major, 2015–19) sang An Die Musik.

Good evening everyone. My name is The Narcs and he influenced my music going to Rotorua for the National Tom Clarkson and I am currently a Year taste a lot. From a young age, I learnt Cadenza and All the King’s Men going 13 student in Major House. My family how to play just about every instrument to Dunedin for the infamous National has had a brief history with King’s as my at school and at home. I spent a lot of Finale. Both choirs did extremely well mother was in one of the first intakes of my free time doing so. My dad would with Kappella getting the top award and girls at King’s, finishing in 1982. Because always support me in this way as he All the King’s Men getting a silver award, of this, I was eligible for the KCOCA was such a believer in the wonders that the best we have done in a long time. Scholarship Bursary, which I was lucky music can do to heal you. This led me The Burtones had two international enough to receive. to do as much music at King’s that my tours this year, one in January to Japan free time would allow. I joined all three and one in July to Melbourne. Both were I began at King’s College as a small choirs and ended up being in four bands a lot of fun and we got to share our Year 9 student with big dreams. I had so throughout my five years here. I loved music with people all over the world, many opportunities and I just wanted every single minute of it and this year which was a great privilege. This year, to take every single one. Ever since I I have done a lot of travelling with the ended with such a high. was a child, a big part of me was music. school, purely just for music, and I am so This was because my father was a Firstly, we had two choirs go to national grateful to be a part of such a growing drummer in a band in the ’80s called Big Sing events this year: Kappella and thriving programme. I look forward

4 Foundation Annual Report 2019 Our Foundation Board of Management

The control, management and conduct of the affairs of our Foundation are vested in to the wonders that the department will the Foundation Board of Management. achieve under Emma Featherstone and the new Performing Arts Centre going in. The Board of Management comprises:

I have also been heavily invested in • Four persons, each being a Member of the Foundation in any water polo and hockey. I spent three class of membership, appointed by the King’s College Board of years in the Premier water polo team Governors. The 2019 Members are Richard Kidd, Peter Wilson, where we achieved two top 10 finishes Liz Young and Simon Power. at Nationals and three top 10 finishes at • Three persons who are members in any class of membership the Trans‑Tasman Tournament. Although elected by the Members. Current Members are Andy Morris, Murray Reid and Carrie Hobson. I was very passionate about my sport, I was more passionate about my music, • The Headmaster of the College as an ex-officio member of the so this year I focused more on that and Board of Management. The Foundation Board of Management meets formally every two months to review overall progress I am so happy with how it turned out. on the goals of the Foundation. The Director of Marketing and I got to perform I Don’t Like Mondays in Development and the Director of Commercial Services of the front of Sir Bob Geldof at the Playing It College attend the Foundation Board meetings. Strange event in September, receiving a standing ovation from him and getting For information on the Deed of the Foundation, please go to to shake his hand afterwards. On top www.kingscollege.school.nz/support-kings/ kings-college-foundation/our-deed of this, I made it into the New Zealand Secondary Schools’ Choir. We are heading off to Germany in April next year for our Biannual International Tour, which I am looking forward to greatly. King’s has offered me so many opportunities like these and I wanted to say thank you to my scholarship donors for the best opportunity of all – shaping my future.

I plan to study engineering at Monash University in Melbourne in 2020 and I could not have had such dreams without the support of my scholarship donors. I look to still keep music a big part of my life, looking to join choirs and hopefully the New Zealand Youth Choir. I have grown so much from that small Year 9 boy with big dreams as those big dreams seem to be coming true. Thank you to everyone from the Friends and in particular former KCOCA President Mr Terry Gould for allowing me to grow and achieve those dreams; I am so grateful for every opportunity.

Foundation Annual Report 2019 5 statement here. Let’s give them a nice big approach when guiding Thomas as a cup to recognise that there are top female mother. “I decided I would be a hands-off athletes who come to King’s and let them be parent. You need to let them find their own winners on a podium like they would at the way in sport, music or academics. When he schools they left behind.” didn’t need to do sport anymore, he grew into his own person. Now he knows that Julie’s son Thomas Clarkson (Major, The name Julie Ah Chee (Major, when doing anything, if it comes from 2015–19) graduated last year and while he passion, he’s going to be successful.” 1982) will sound familiar to many didn’t follow his mother’s track to athletic Old Collegians. Julie was the first glory, he made the most of an Old Collegian Thomas is moving across the Tasman to female athletics champion at King’s Scholarship to have an impact on various continue his education and is taking lessons College in 1982, establishing the extracurricular activities. Thomas learnt inside and out of the King’s College appreciated his opportunities at the College classrooms. “I’m heading to Melbourne to Julie Ah Chee Trophy for athletics. and the added motivation of his mother’s study engineering at the Royal Melbourne Julie is modest about how her name achievements. “The scholarship helped with Institute of Technology, which is a big became engraved on the front of the now the financial side but it also made me want change but King’s has prepared me well. highly coveted trophy. “When I won the to achieve in all different areas. Sometimes, I’ve learnt how to learn by myself and that’s athletics championship, there was no cup. I’d forget that Mum came here and then I’d one thing I’m very grateful for. It’s also There were cups for everyone else but not see her trophy and I’d think ‘wow, that’s my taught me what to keep in high value and the girls, because we were so new. As one mum’. It motivated me, and was the reason I Mum reinforces that a lot; when you go of the first girls with full colours in athletics, wanted to do extracurriculars. Seeing that anywhere you keep a nice appearance and I was allowed to choose what the girls legacy made me want to leave something in treat others with respect.” would get, but I was understated and said case, one day, I send my kids here as well.” As an early female student, Julie’s we didn’t want a blazer, just a tie. Then Julie was always present in name at the challenges went beyond an absent athletics I thought: hang on – girls are making a school, but saw the value of a light cup. “The girls now are just part of the

Now he knows that when doing anything, if it comes from passion, he’s going to be successful.

— Julie Ah Chee (Major, 1982).

1982 girls (Julie, front row, third from right).

6 Foundation Annual Report 2019 school; they slot straight in. But we were an anomaly and it was hard for the girls then. You were on show all the time, but what it did was strengthen us; you learnt how to hold yourself. It was tough but it was rewarding. And it was worth it.” What does Julie think is different for female school leavers today? “Thomas has many friends from here who are girls and they’ve learnt that it’s not all about earning the most money or having the best degrees: it’s about being happy in yourself and having balance in your life. Being able to go on and be successful, whether it be singing or being a doctor or a mum at home. I can see that King’s has brought them balance which it probably didn’t have when I started. It was very male dominated.” As Thomas begins the next chapter of his life in Melbourne and Julie’s legacy lives on at King’s College, they’ll always have the successes of their contrasting schooling experiences to share.

Foundation Annual Report 2019 7 A transformational plan to reshape the future of NEXT the community we share. HORIZON

In 2019 the College began preparation for the Next Horizon capital campaign with the first stage of development to help push King’s College into a new era of education.

The campaign has three key marquee 1951–55) specifically towards the Performing have been remarkable. Despite the current projects, as part of the overarching Master Arts Centre. disruption of economic turmoil and Property Plan for the College – completing international uncertainty, this campaign is Off the back of that, the campaign secured the planned new Performing Arts Centre; heralding an unparalleled level of generous further pledged gifts of $7 million from four the proposed new Health and Wellbeing giving for major initiatives that will serve lead donors. The King’s College Foundation Centre; and completing the redevelopment King’s College well for decades ahead. has received over $8 million so far. of the Old Collegians Pavilion. Campaign Chairman Ross Green (Selwyn, The recent health and economic impact In addition, new academic scholarships and 1968–72) said that while the timeframes for from the COVID-19 crisis has caused the support funds for teaching staff, endowed the campaign will need to be adjusted the Next Horizon campaign team to carefully permanently with the King’s College College cannot stand still. review plans and actions. It has been Foundation, will offer fresh openings acknowledged that in times of uncertainty it “We all came to King’s and inherited a and opportunities which have previously is difficult for King’s supporters to plan with school built by previous generations. been unavailable. confidence how they might best support “A school that was fit for purpose 50 years These elements have been prioritised for such a historical and important campaign. ago is not fit for purpose today. the significance they will have on current While some campaign activities have been and future students. This has very much paused, the all-embracing aims for this “Previous generations created what we been seen as a moment in history, when campaign have not been altered. The vision found. We need to improve it before we the King’s College community, as it has in and determination to deliver something hand it onto successive generations. Each the past, will come together to generously truly outstanding that will serve students, generation must take its turn and we have support a programme that changes the staff and the King’s community incredibly an obligation.” possibilities for our students. well for many decades to come have Steps taken so far by the Foundation – not changed. The raising of funds got off to a strong which is not a building fund and can’t be start, with a philanthropic pledged gift The lead donor contributions and pledges accessed for that purpose – include: of $8 million from Mike Flanagan (Peart, already made to the Next Horizon campaign

8 Foundation Annual Report 2019 Artist’s Impression – New Performing Arts Centre, view from Hospital Road.

• Engaging Clive Pedley from Giving “The ambition and scope of what is being Architects to design and deliver a capital planned is extensive. There is a focus on The Next Horizon campaign to inspire significant giving improving the student experience and Campaign Cabinet: • Supporting a dedicated Development building on the already substantive global Manager in Robert Brooke from within reputation of King’s College graduates.” Ross Green (Campaign Chair, Selwyn, 1968–72, past parent) the College, assisted by Campaign Significant donor support will be required Development Facilitator, Sue Stanaway to fulfil the Next Horizon objectives. Simon Lamb (Headmaster) • Supporting a part-time researcher Conversations are under way with Peter Wilson ONZM (School, prospective contributors. • Development of campaign collateral 1952–56, Foundation Board of for the project to assist as a key Ross Green is clear on what this campaign Management, former KCOCA communications tool in continuing means for King’s College. President and Floreat Semper, past discussions with donors, along with parent and grandparent) communications further down the line. “I believe this campaign will be absolutely defining in terms of the future of King’s Carrie Hobson (Foundation Board Headmaster Simon Lamb is clear on what College. It’s the turn of this generation to of Management, past parent) the campaign means for the College. ensure the College remains an educational Peter Clarke (Foundation leader in the next 100 years of our “The Next Horizon campaign has at the Investment Committee, past parent) heart of its intentions the need to prepare proud history.” King’s College for a dynamic future. Vicki St John (past parent) “This campaign will further, develop and David McConnell (School, 1979–83, expand the offer King’s College makes to its former member of Board of current and future students. Governors, current parent) Liz Young (Foundation Board of Management, past parent)

Foundation Annual Report 2019 9 Margaret Myers Fellowship Fund

This Fellowship fund was set up by the late Sir Douglas Myers (School, 1952-56) in memory of his mother, who had a deep interest in education. Since 2001, a total of 34 teaching staff have taken part in the fellowship programme, travelling around the world visiting leading education institutions gaining new knowledge in their subject areas of expertise. The Margaret Myers teaching fellowships are awarded annually to enable King’s College teachers to attend study courses at overseas institutions. In addition, funding is made available to enable outstanding educationalists to attend the College to conduct seminars, lectures and workshops for staff, students and the wider King’s community.

Paul Haines Teacher of Physics, Head of Academic Achievement and timetabling.

his interest in science and his passion for railways. Accompanied by his wife, Carol, Paul – who, in addition to being a physics teacher, is head of academic achievement and timetabling at the College – said it proved to be the trip of a lifetime. After landing in Singapore and visiting the Science Centre there, they had three days in Switzerland taking the Glacier Express from St Moritz to Zermatt, then, for a change of scene and temperature, flew to Israel for a 16-day tour, arriving in Tel Aviv. By chance, their arrival coincided with the start of Yom Kippur, the holiest day of the year in Judaism. It has atonement and repentance as its central pillars. It also meant effectively the temporary shutting down of the country. “It was eerie seeing the arrivals board at the airport emptying, no cars on the road, no shops open. That made it difficult and we had salad for dinner and for lunch the next Paul Haines combined his day,” Paul quipped. religious interests with his The Haines were travelling on a trip fascination with Swiss railways organised by Pilgrim Tours, and had two Canadians and a group of Americans for when he completed his Margaret company during the trip, which was called Myers Fellowship grant in 2019. the Tour of Holy Land and Steps of Paul the Apostle. Paul, who has been teaching at King’s College for 20 years, took time off through From Tel Aviv they headed north to Galilee. the holidays and Term 4 last year. It was, Paul reflected, “quite a special time”. An ordained Anglican priest since mid- They visited the Golan Heights, one of 2018, he was keen to visit the Holy Land as the most significant pieces of land in the part of his trip, but was also able to indulge contested Middle East region.

10 Foundation Annual Report 2019 They took in the source of the Jordan River, Mars Hill, also known as Areopagus, a bare which holds great historical importance in marble hill alongside it. It’s a popular tourist both Christianity and Judaism. The Bible destination as it is where St Paul is said says that is where the Israelites crossed to have made a speech to an audience of into the Promised Land, and that Jesus interested listeners. of Nazareth was baptised by John the After flying to Rome, the Haines took a train Baptist in it. to Assisi in central Italy, which had long been They visited Tiberias on the western shores on their bucket list. of the Sea of Galilee, while Capernaum, One memorable excursion had the Haines 16km north, is known as the area where walk 4km up the hill above Assisi to where Jesus reputedly chose his 12 disciples. St Francis and his followers lived in caves on Capernaum is the site of St Peter’s house Mt Subasio. They had the chance to sit and where Jesus is thought to have lived and pray in one of those caves. is mentioned more than 50 times in the “There was a huge contrast to me where New Testament. you have that level of privation that St “It was quite special to think that was the Francis would have experienced against the area Jesus would have spent most of his big, flash churches in Assisi.” time during his ministry.” “St Francis was all about the simple way of The Haines enjoyed a boat ride on the Sea of life. It was quite a contrast,” Paul said. Galilee from Tiberias, and ate freshwater fish There was still time for a trip on the splendid out of the lake. This fish was called tilapia, Bernina Express from Tirano to St Moritz and would have been the same type of fish then onto Chur at the end of the line. The caught by the likes of the disciples Peter and train ride has UNESCO World Heritage Andrew, who were fishermen. status, and for a train buff is a true thrill. They visited Nazareth and a model village that was set up to replicate life in the time of Jesus. They also got caught up in a traffic jam caused by a Palestinian wedding celebration together with AK47s being fired into the air. Among the highlights in Jerusalem were visiting the famous Western Wall of the temple, where Jews pray and insert prayers into the wall, and being there in time for the Feast of the Tabernacles, where Jews make temporary shelters or booths where they eat many of their meals and sometimes stay overnight. “The Wall was absolutely full of Jewish people going through their worship. Jerusalem was incredibly busy because of the feast,” Paul said. “The Wall was part of the Temple Mount upon which the temple at the time of Jesus had been The railway is the highest across the Alps, a built and was quite amazing. link between northern and southern Europe, “Before entering Jerusalem we stood on and negotiates 55 tunnels, 196 bridges the Mount of Olives to gain a view over the and sharp inclines, reaching 2,253m above city and below us was the road Jesus would sea level. have travelled along into Jerusalem. The A visit to the Swiss Science Centre, or whole experience was quite moving.” Technorama, near Zurich rounded the trip From Israel, the Haines visited Turkey, and off nicely. Ephesus and its ruins. Ephesus is notable for “It broadens one’s depth of understanding being a major historical site, a place visited and experience where you can share by Paul and the place to whom St Paul wrote things from a greater base of knowledge,” his letter to the Ephesians. It was a very Paul said. impressive site. “There were about 500 hands-on exhibits. The couple travelled by ship to Patmos, then We went on a Sunday and the place onto Heraklion in Crete, the picturesque was absolutely chokka, full of families island of Santorini and Athens. experiencing science,” Paul said. They stopped at Corinth, where Paul had It also marked the end of a fascinating spent some time and to whom Paul wrote trip and one which will live on in the his letters to the Corinthians. There was Haines’ memory. time to visit the famous Acropolis and

Foundation Annual Report 2019 11 Investment Committee’s Report

The Investment Committee is appointed by the Board of Management and is responsible for overseeing the administration of the Trust Fund (“Fund”).

The annual return of the Fund for the period ending 31 December 2019 was 17.31%. This positive investment performance was a welcomed response to that from the mildly negative return generated in 2018. Consequently, the Fund increased its underlying value year-on-year by $2.975 million. The total value of the Fund as at 31 December was $26.063 million. The capital allocation across the Fund by way of Asset Class and Investment Manager as at year-end was:

Asset class % Manager

Australasian Equities 30.29% Milford and Devon Global Equities 32.00% Russell Australasian Bonds 18.28% Russell / Milford Global Bonds 13.76% Russell / Kapstream Diversifiers 5.67% Mercers

Please note that the above table does not include any cash holdings in the Fund. This annual report is focused only on highlighting the Fund’s active asset and investment manager allocations and their related performance.

Overall, the managers selected to oversee the Fund’s a sustained period of falling interest rates, falling capital have continued to perform well in accordance inflation, increased globalisation, a supercharged with their individual mandates. For a number of credit cycle and active central bank intervention, years now a very open, transparent and accountable especially when there is any financial market distress relationship has developed between the managers and that could destabilise mainstream economies. the committee. This golden period for traditional balanced funds may In terms of ensuring the Fund has a strong well be coming to an end as interest rates around the manager reserve bench, the committee engages world head to zero and even negative, as they are with other external managers so that if there is a already in some countries. Stagnant growth, excessive requirement to change managers, due to underlying global debt and increasing nationalism may weigh performance or a change in key personnel, there are heavily on both the equity and credit markets. appropriate backups. The Investment Committee remains wary of the ever- In terms of 2019, markets and asset prices changing economic and investment landscape and is internationally had a very strong year. This strength regularly reviewing and challenging the investment was primarily driven by global central banks cutting status quo. This is very important as the aim of the interest rates at the fastest pace since 2009. Direct Foundation is to achieve a 4.5% distribution to the beneficiaries of these rate cuts were bonds, which College so as to assist with scholarships and bursaries. in itself had an indirect and very positive effect on A further 2%, if warranted, can be distributed shares as investors moved up the risk curve as well towards the capital growth of each of the respective as searching for higher-yielding assets. Reduced Endowment Funds. uncertainty around the subsiding trade wars as well On a personal note, I would like to thank the as positive Brexit negotiations helped fuel investor members of the Investment Committee (James Ring, confidence also. Peter Wilson, Richard Kidd, Peter Clarke and Looking into 2020, markets appear at best to be fully James Mitchell) as well as Paul Chapman. It has been priced and at worst, expensive. There are a number of an absolute pleasure and honour to have worked with key political elections coming up later in the year, which, you over the last few years. Your commitment and combined with the possibility of renewed trade wars, dedication to ensuring the Fund achieves its vision and ongoing geopolitical tensions and expensive markets, creating consistent capital growth and income have could result in a more volatile and low-returning year. been unwavering. Balanced Funds such as the King’s Fund have on Virtus Pollet. average performed consistently well for nearly 40 Andy Morris years, even during economic and market crises. This CHAIRMAN OF THE INVESTMENT COMMITTEE long-term positive performance is primarily due to

12 Foundation Annual Report 2019 Our Investment Committee

In addition to Foundation Board of Management Members Richard Kidd, Andy Morris, Peter Wilson and Simon Power, our Investment Committee comprises three external members:

James Mitchell James is an Old Collegian (Marsden, 1973–77), and has 30 years of banking and financial services experience, most recently as Chief Operating Officer at Heartland Bank and prior to that working for ANZ and ASB Bank. His executive responsibilities at Heartland and ASB over a 16–year period have covered Business Banking, Corporate Banking, Rural Banking, Investment and Insurance Services, Operations and IT. James is now working as a consultant.

Peter Clarke Peter has more than 25 years of financial markets experience, having worked in New Zealand, Spain, Australia and Singapore. He retired from full-time employment in 2010 after spending the previous 16 years with Deutsche Bank/Bankers Trust. The last nine years of this time were spent with Deutsche Bank in Singapore where he focused on the Asian Fixed Income, Credit and Foreign Exchange markets. Peter is currently based in Auckland where he is a director of two investment vehicles. He also works as a sales consultant within the financial markets. Peter holds Bachelor degrees in Science and Commerce from the University of Auckland, and is a member of the NZ Institute of Chartered Accountants. Peter and his wife Veronica have two children. Their eldest, Sam, attended King’s College (Marsden) from 2010 to 2014.

James Ring James is an Old Collegian (St John’s, 1973–77), and has had extensive experience in the funds management industry spanning 30 years. He is currently Investment Manager – International Equities at QuayStreet Asset Management Ltd, based in Sydney. Prior to this he was Investment Manager at Rank Group, managing their US group’s pension funds where he was responsible for asset allocation and global equities. James holds a Bachelor of Commerce (Agricultural Economics) and is a member of INFINZ.

Foundation Annual Report 2019 13 Summary Financial Statements

Statement of Comprehensive Revenue and Expenses For the year ended 31 December 2019 2019 2018 $ $

Revenue from non-exchange transactions

Donations - Preserved Capital Fund 3,000 53,000

Donations - Scholarships and Bursaries 241,700 486,772

Donations - Other Endowment Funds 30,220 5,680

Donations - Special Purpose Funds 4,546,594 551,535

4,821,514 1,096,987

Revenue from exchange transactions

Gain/(loss) on revaluation of investments 3,975,635 (619,673)

Finance income 4,694 8,169

3,980,329 (611,504)

Total revenue 8,801,843 485,483

Expenses

Grants - Preserved Capital Fund – –

Grants - Scholarship and Bursaries 676,292 662,728

Grants - Other Endowment Funds 108,874 79,118

Grants - Special Purpose Funds 1,854,288 194,095

Audit fees 8,372 7,778

Sundry expenses 26,072 19,388

Total expenses 2,673,898 963,107

Total surplus/(deficit) for the year 6,127,945 (477,624)

Other comprehensive revenue and expenses – –

Total comprehensive revenue and expenses 6,127,945 (477,624)

Statement of Changes in Net Assets For the year ended 31 December 2019 2019 2018 $ $

Equity at start of the year 23,748,508 24,226,132

Total comprehensive revenue and expenses for the year 6,127,945 (477,624)

Equity at end of the year 29,876,453 23,748,508

14 Foundation Annual Report 2019 Statement of Financial Position As at 31 December 2019 2019 2018 $ $

Equity 29,876,453 23,748,508

Non-current assets

Investments 26,063,145 23,087,515

Current assets

Cash and deposits 4,137,761 723,243

Interest receivable 161 207

4,137,922 723,450

Total assets 30,201,067 23,810,965

Current liabilities

Accounts payable 324,614 62,457

Total liabilities 324,614 62,457

Net assets 29,876,453 23,748,508

Statement of Cash Flows For the year ended 31 December 2019 2019 2018 $ $

Cash flows from operating activities

Receipts from:

Donations 4,821,516 1,096,987

Interest and dividends 4,538 8,169

Payments for:

Grants (2,394,296) (970,302)

Suppliers (17,240) (27,166)

Net cash inflow/(outflow) from operating activities 2,414,518 107,688

Cash flows from investing activities Receipts from:

Disposal of investments at fair value through surplus or deficit 1,000,000 – Payments for:

Acquisition of investments at fair value through surplus or deficit – –

Net cash inflow/(outflow) from investing activities 1,000,000 –

Net increase/(decrease) in cash and cash equivalents 3,414,518 107,688

Cash and cash equivalents at the beginning of the year 723,243 615,555

Cash and cash equivalents at the end of the year 4,137,761 723,243

The summary financial statements of King’s College Foundation (“the Foundation”) have been prepared in accordance with the accounting standard PBE FRS 43 and extracted from the Foundation’s full financial statements. These have been prepared in order to provide interested persons with a succinct overview of the past financial performance of the Foundation and do not include all the disclosures in the full financial statements and therefore cannot be expected to provide as complete an understanding as provided by the full financial statements. The Foundation’s full financial statements for this period have been prepared using Public Benefit Entity International Public Sector Accounting Standards Reduced Disclosure Regime (PBE IPSAS (RDR)). These were approved by the Foundation’s Board of Management on 20 May 2020. They are available on King’s College’s website www.kingscollege.school.nz. The full financial statements were audited by BDO Auckland, who issued an unqualified audit opinion.

Foundation Annual Report 2019 15 Trust Fund The Trust Fund consists of the following: Includes Donations Investment Allocations and Distributable Fund Balance During Year Returns Reclassifications Payments Fund Balance Income $ $ $ $ $ $ $ 31/12/2018 31/12/2019 31/12/2019

Preserved Capital Fund 6,900,952 3,000 1,057,540 (25,568) – 7,935,924 1,009,496 Capital Endowment Fund: Scholarship and Bursary Funds General Scholarships and Bursaries 1,823,908 3,200 280,266 25,568 (269,356) 1,863,587 – KCOCA Scholarships and Bursaries 2,930,423 100,000 450,147 – (111,391) 3,369,179 610,784 Lilian Alexander Stride Bursaries 1,897,944 – 284,407 – (65,600) 2,116,751 538,527 Endeavour Scholarships 668,076 – 98,579 – – 766,655 289,271 Phil Ryall Bursary 365,664 – 54,827 – (17,649) 402,842 97,118 Peter Wilson Boarding Scholarships 1,339,751 – 205,567 – (65,200) 1,480,118 120,980 James Webster Memorial Scholarship 220,452 – 33,185 – (7,563) 246,074 55,108 Dr Roger Bartley Memorial Fund 147,907 – 22,440 – (5,217) 165,130 28,081 William Thode Memorial Scholarship 216,863 1,000 33,091 – (7,319) 243,635 35,406 Ian Kirkpatrick Rugby Scholarship 96,658 – 14,644 – (3,831) 107,471 18,931 Bradley Fenner Scholarship 456,654 – 70,117 – (19,560) 507,211 41,424 Bryne Thomas Scholarship 119,152 – 18,295 – (5,268) 132,179 10,644 The Rollin Bates Academic Scholarship 464,894 – 71,382 – (28,065) 508,212 34,019 Mark and Angela Clatworthy Boarding Scholarship 92,110 137,500 23,324 – (65,200) 187,734 – Warne Rowllings Memorial Scholarship 318,234 – 48,863 – (5,076) 362,022 37,423 11,158,692 241,700 1,709,135 25,568 (676,295) 12,458,801 1,917,716 Other Endowment Funds Margaret Myers Fellowships 3,059,248 – 454,390 – (63,789) 3,449,850 1,111,895 Sibson Trust 230,391 – 34,512 – (5,000) 259,903 68,962 JB Luncheon 1,728 1,000 332 – (504) 2,556 – Positive Education 115,396 5,000 18,032 – – 138,428 16,748 Cultural Excellence 236,071 1,700 35,687 – – 273,457 65,363 Sporting Excellence 381,776 1,050 57,328 – – 440,155 119,144 Academic Excellence 23,623 5,900 3,939 – – 33,463 7,645 Rolf Porter Rowing Fund 523,473 15,570 80,526 – (35,482) 584,087 79,992 John Renshaw Memorial Prize 8,575 – 1,272 – – 9,847 3,360 Bruce Rhodes Maxwell Memorial Sun Dial 64,708 – 9,735 – (4,099) 70,344 14,565 Damapong Commerce Fund 20,414 – 3,087 – – 23,501 5,100 King's College Trust 27,104 – 4,099 – – 31,203 6,771 4,692,508 30,220 702,939 – (108,874) 5,316,793 1,499,546 Special Purpose Funds Capital Projects 8,666 – 1,331 – – 9,997 – KCOCA Chapel Preservation 74,268 – 11,404 – (513) 85,159 – KCOCA Discretionary 297,673 – 45,706 – – 343,379 – King's College Cricket Club 33,978 – 5,217 – (11,173) 28,023 – Peter Barton Cricket Scholarship 38,187 – 5,864 – (15,217) 28,834 – (non-endowment) Helping Hand Fund 41,650 3,075 6,600 – (516) 50,809 – Rugby Support Fund 6,812 500 1,079 – – 8,392 – Chapel Fund 7,254 5,710 1,495 – – 14,459 – New PE Facility/Aquatic Centre 21,993 20,000 4,712 – (21,993) 24,713 – Heritage (Archives) 2,620 – 402 – – 3,022 – Performing Arts Centre 446,370 3,907,100 329,425 – (1,205,127) 3,477,768 – Staff Accommodation Fund 97,890 – 15,031 – – 112,921 – General Purpose Special Fund 20,588 580,410 41,917 – – 642,915 – Specific Property Projects 22,550 – 3,462 – – 26,013 – Chapel Organ Restoration 12,038 2,780 2,034 – (6,950) 9,902 – Mackay Trail Teaching Resources 3,769 200 592 – – 4,561 – General Scholarship (non-endowment) – 26,819 – – (26,819) – – Capital Campaign Costs (139,950) – – – (565,980) (705,930) – 996,357 4,546,594 476,272 – (1,854,288) 4,164,935 –

23,748,509 4,821,514 3,945,887 – (2,639,457) 29,876,453 4,426,758

16 Foundation Annual Report 2019 Membership

Membership of the Foundation for the period up to 31 December 2019 comprises five classes: President’s Circle, Patrons, Directors, Fellows and Members. Qualification for each class is determined by the amount of a person’s donation, notified bequest or pledge – this being an undertaking in writing by a person to make a donation. The financial categories attached to each class are as follows:

Classes Donation or pledge Notified bequest Members $5,000 to $14,999 $10,000 to $29,999 Fellows $15,000 to $39,999 $30,000 to $79,999 Directors $40,000 to $99,999 $80,000 to $199,999 Patrons $100,000 to $499,999 $200,000 to $999,999 President’s Circle $500,000 or more $1,000,000 or more

A Member may progress to a higher class of membership at any time by making an additional donation, pledge or bequest, or a combination thereof. At the time of printing every care has been taken to ensure this list is up to date.

Thank you to all our Members who supported us in 2019. The Foundation is grateful for their generosity.

Foundation Annual Report 2019 17 Our Members

Every effort is made to keep our membership database up to date. Please update your details by [email protected] .

President’s Circle Association of the Friends of King’s College Mr T Farmer Mr H J and Mrs E Mackley King’s College Trustees Mr M A Flanagan Mr P H Masfen CNZM and Mrs J Masfen King’s College Old Collegians’ Association Mr R E and Mrs J Green Mr A W Tattersfield PH Masfen Charitable Trust Mr G and Mrs R Hart Mr P W Wilson ONZM and Mrs G McGechan Thanksgiving Foundation Mr P A H and Mrs P Jackson Mr J C S and Mrs M Bayley Dr H Le Grice CNZM

Patrons Fletcher Trust Mr R M P and Mrs R Dunphy Dr G W Mason New Zealand Guardian Trust Mr J A and Mrs P Fauvel Mr L S Mayne The JAB Hellaby Endowment Trust Mr D M Ferrier and Ms A Nelson Mr J A W and Mrs K McConnell Joyce Walker Foundation Charitable Trust Mr S B Fisher QSO and Mrs V Fisher Mr J F McHardy Lion Foundation Mr M Fujisawa Mr P M and Mrs J A Merton (previously Century Foundation) Mrs C Heaven Mr D M and Mrs L Richwhite The Rowllings Family Mr J W F Heaven Mr A L G Ryall Mr G Chang Mr F J R and Mrs L Hellaby Mr R J W Seton Dr M G and Mrs A Clatworthy Dr R N and Mrs R Jones Mr R W and Mrs J Tills Mr C J and Mrs S Cook Sir John Key and Bronagh, Lady Key Mr C and Mrs P A Webster Mr P J and Mrs E Crotty Sir David Levene

Directors Continental Cars Mr T Chen Mr J K and Mrs S O Greenslade H.B. Williams Turanga Trust Mr T C C Chen Mr A T and Mrs K Hadlow Sir John Logan Campbell Residuary Estate Mr C Cheng Mrs J Hanna The Morgenzon Charitable Trust Mr C H Cheung Mr L J and Mrs H Harper The Richwhite Family Trust Mr C Chien Mr C Heatley The UPC Trust Mr K M F Chong Mrs R Hellaby The Wallace Foundation Mr H F Chu Mr P J and Mrs N Hickson The Woolf Fisher Trust Mr M C Chuang Mr P K W Ho T U Wells Endowment Trust Mr C W P Chun Mr Y Ho Mr C H and Mrs C J Abel Mr C G Cole and Mrs S Stevely-Cole Mr P N W Hsieh Mr R H and Mrs A Aitken Mr J Collinson Mr J Y Hsu Mr G and Mrs D Baker Mr D C D Cruz Mr L Hsu Mr D G S and Mrs C Bayley Mr F A W des Tombe Mr S J H Huang Mr S and Mrs S Boonnamsiri Mrs S Dhamasaroj Mr C P Huljich Dr D E Caughey Mr S Dhevaaksorn Mr O Jantaraprapa Mr J Y K Chan Mrs C Dove Mr K Jayasuta Mr K W Chau Mr S H Fang Mr H Jo Mr K S S Cheang Mr P J and Mrs A Ferguson Mr O and Mrs V Kam Mr C Chen Mr P E Francis Mrs S Kantatan Mr C Y Chen Mrs Y Fujisawa Mr M S and Mrs N Kao Mr O Chen and Mrs J Huang Sir Colin Giltrap Mr S J and Mrs S Kember

18 Foundation Annual Report 2019 Mr Y J Kim Mr D W Mace Mr C L Tang Mr R C and Mrs M Kingston Mr R R and Mrs J McAnulty Mr P M T Tang Mr J and Mrs J Klisser Mr G W and Mrs K McCurrach Mr P A Tesiram and Ms M Pinsonneault Mr H Ko Mr P Mills Mr A S P Tetzner Mr W K Ko Dr J R and Mrs L Monigatti Mr K Thanasuwankasem Mr T P Kwok Mr R F Munro and Mrs M Horne Mr M G and Mrs C Thorburn Mr L Lai Mr G T K Ng Mr B Trethewey Dr J Lam Mr H M Ng Mr C J C Trower Mr K W Lam Mr K Ng Mr K W Tung Mr Y Lam Dr G A and Mrs M L Nicholls Dr D J Turkington Mr W K Lau Mr S W Owen Mr A H Waalkens Mr Y Lau Mr K K Pang Sir James Wallace Mrs J Lawry Mr D Park Mr M Wang Mr M A Le Grice Mr C W E and Mrs A Rathbone Mr B L and Mrs C Wharfe Mr R O and Mrs L Le Grice Mr M J and Mrs P M Reid Mr J G Whitney Mr C Lee Mr K J Roberts Mr B Y Wong Mr H K Lee Mr K Rojanastien Mrs J P Y Wong Mr J T Lee Mr S and Mrs S Shepperson Mr P K Wong Mr T Liao Mr T J Short Mr M M T Wu Mr J L Lien Mr G N and Mrs J Siddall Dr S L Wu Dr S Lien Dr P and Mrs S Siriyodhin Mr Y Xi Mr C Liu Mr B C So Mr C Yang Mr C H Liu Mr H T and Mrs W Stedman Mr F C Yu and Mrs Y Chan Mr C J Loeak Ms U Sukhsvasti Dr W C Yang Mr C V Lu Mr J B Sutherland

Fellows David Levene Foundation Mr G J and Mrs J Batkin Dr T C Chang and Ms J Y Loh Lou and Iris Fisher Charitable Trust Mr R H E and Mrs K Beckett Mr P S and Mrs A Chapman Michael Synnott Charitable Trust Mrs G Becroft Mrs Y T Cheang Rob Roy Properties Limited Mr A Ben-Menachem Mr E T Y Chen Sargood Bequest Mr V M Bielby Mr M Ching The New Zealand Guardian Trust Mr R J Board and Ms N Ivers Mr K Chow The Selwyn Robinson Trust Mr A Bourgogne Mr S M A and Mrs M Clark Visible Difference Limited (now Mr A Bowater Mr P and Mrs V Clarke VDG Global) Ms F E Bowater Mrs S Clatworthy Mr S P and Mrs L M Agnew Mr D J Bridgman Mr C Coon Mr S A Alach Mr C N W Brittain Mr L G Cormack Ms K Alexander Mr T M J Brittain Mr A and Mrs S Coster Mr K H Alison Mr D Buchanan Mr N Craddock Mrs H M Anderson Mr P and Ms S Buckland Mr G P R and Mrs J de Latour Mr J D Anderson Mr S and Mrs R Buckley Mr N J G and Mrs P M Donne Mr R S Andrewes Mr R A Burns and Dr C Kennedy Mr C J H Empson Mr C M Ashby Mrs S Burrett Dr A J Erenstrom Mr G and Mrs M Baker Mr C T Carder Mr L Fa Mrs B Bartley Mrs S Caughey Sir Michael Fay

Foundation Annual Report 2019 19 Our Members (continued)

Mr B T and Mrs B Fenner Miss A Kinraid Mr D P and Mrs F Robinson Mr R I Fenwick ONZM and Miss G Kinraid Mr P Rooney and Mrs S Benedek Rooney Mrs D Fenwick QSO Miss M Kinraid Mr P F Rose Mrs A B Fletcher Mr C Kong Mr J H Ryall Mrs D S Foreman Mr I Y H Lam Mr G and Mrs M Ryder Sir Michael Friedlander Mr J Laurenson Mr V and Mrs C Sharma Mr M J and Mrs J Fuge Mr H A Lawry Mr B H and Mrs F Shepherd Mr P J and Mrs G Galloway Mr C M Li Mr H R T and Mrs S Sherratt Mr M A T Gatward Mr Y Lim Mr S Sinhaseni Mr S and Mrs G Gellert Mr C L Lin Mr B Sirivallop Mrs A B Gibbs Mr S Lockwood Mr E and Mrs F Smith Mr P R J and Mrs D Gibson Mr W K Luk Mr T B Smith Mr P Gibson and Ms D Yap Mr P G Macauley Dr M G and Mrs P Snowden Mrs E Gillett Mr K Mair Dr M B and Mrs C A Spencer Ms S P Gott Mr S Mapaisansin Mr S and Mrs V St John Mr T N and Mrs J Gould Mr A M and Mrs E Martin Mrs M Steele Mr G W and Mrs D B M Haliday Mr R D Martin Mrs S Stevens Mr G H Hall Mrs B McConnell QSM Mr N Sthapitanonda Mr H N and Mrs F Hall The Hon Sir Jim McLay Mr M and Mrs M Stiassny Mr R J and Mrs Y R Hall and Marcy, Lady McLay Mr P J B Stinson Mrs S Hall Mr J Mei and Ms J Bu Mrs B Sutthiglom and Mr R Chaikwang Mr B N B Hannan Mr R A Melville Mr M and Mrs S Synnott Mr P and Mrs J Hanson Mr P J Merfield Mr T W L and Mrs S Talbot Dr C J and Mrs L Hardley Mr A B and Mrs F Mitchell Mr W G Talbut Mr T E and Mrs J Hargreaves Mr I and Mrs L Morrice Ms K Toyomura Mrs D S Harrington Mr G J and Mrs D J Muir Mr B Trotter Mr B W and Mrs D Harrison Mr S W Nam and Mrs S S Y Lee Mr P F Ullrich Mr C J Harvey and Mrs A Lovell Mr M Newman Mr C C and Mrs D Waalkens Mr R and Mrs J Hatrick-Smith Mr V Nualkhair Mrs K Waalkens Mr R M and Mrs A Hay Mr R D and Mrs P Olde Mr S and Mrs L Wallace Mr J R Hellaby Mr W B Orr Mr W P and Mrs N Y W Walsh Mr D S Henderson Dr L J and Dr K I Parker Mr G and Mrs P A Whiting Mr M J Hickton-Burnett Mr B Patel Rev N W and Mrs M Wilder Mr L R Jarman Mr G A Paykel Mr E C and Mrs K Williams Mr P D and Mrs K Jeeves Mr R C Pearson Mr O L and Mrs J Williams Mrs J R Jeffries Mr T and Mrs D Phillips Mrs F Wyborn Mr M D and Mrs J Jenkin Mr G J Plowman Mr M J and Mrs C Wyborn Mrs J Keenan Prof H and Mrs B Rea Mrs P Yates Mr R Kelley Dr T Q S L and Mrs F A Reeves Mr Z Q Zhang and Mrs G X Lin Mr R J and Mrs D Kidd Mr J L and Mrs N Reeves Mr D H Zhuo and Mrs W Wu Mr C Y Kim Mr J S Richards Mr T C King Mr R A and Mrs R Riddell

Members Estate of the Late L R Civil The G Fisher Family Trust L J Fisher Charitable Trust Floreat Semper Fellowship Leo Harper Ltd New Zealand South British

20 Foundation Annual Report 2019 The J C F Paine Charitable Trust Mr W L Butterworth Mr C R Dawson Mr A F Abel Mr M R and Dr L Buttle Mrs J Dawson Dr A C Adair Mr J L F Button Mr M M and Mrs M Dawson Mr R D and Mrs J Agnew Ms X Cai and Mr B Wei Mr P M Dawson Mr M R Ah Chee Mrs A Campbell Mr N K and Mrs M De Silva Mr B G Allen Mrs D J Cane Mr A G de Tourettes Mr G A L Amos Mr P T Cane Mr J and Mrs K Delegat Mr G J Amos Mr J and Mrs J L Carmichael Mr J Y Ding and Mrs Y Chen Mr J Amos Mrs A Carpenter Mr E Dixon Ms F Antonovich Mr D N Carruthers Mr B J and Mrs P J Donnelly Mr R B and Mrs C Armstrong Dr M A and Mrs S Caughey Mr R J and Mrs R Drake Mrs A Ashley-Wilson Mr R A Caughey Mr A G and Mrs S Dryden Mr S R and Mrs T Atkinson Mr P B R and Mrs M Caughey Mr B Duignan and Ms J Cater Mr I G Bailey Mr P N Chalmers Dr M G Dunshea Mr R J M and Mrs N Bailey Mr S and Mrs C Chan Mr M C Duurentijdt Mr W J Bainbridge Mr N and Mrs J Chandra Mrs J Dye Mr W A and Mrs R Baird Mr C Chang Mr L W and Mrs J Dye Mr J G Baker Mr M J Chapman Mr R J and Mrs J Earles Dr M J and Mrs S Baker Mr H L Cheeseman Mr R and Mrs L Eilenberg Mr N Bamber Rev T P Cheeseman Mr J Ellafrits Mrs S D K Bamber Mr R J Chitty Mr P D Ellis Mr D D Bamfield Mr G and Mrs L Chong Mr G D Enderby Mr W I Bamford Mr W and Mrs R Chongsuttanamanee Mr D A and Mrs C M English Mr C Barfoot Mr J A Cimino Mr A B Evans Mr P H and Mrs J Barton Mr D J Clark Mr M A Ewen Mrs A J Barrowclough Patricia, Lady Clark Mr F R Faram Mr R Batkin Mr R B Clarke Mr L J P and Mrs M Fenelon Mr J W Beck Mrs V Coats Mr M and Mrs B Fenton Mrs P Beeche Mr S Cohen Mr R S and Mrs D Ferguson Mr D J O Bennett Mr M H Coney Mr P and Mrs J Fielding Mr A R and Mrs H Bierre Mr B and Mrs A Cooper Mr G Fisher Mr D F Black Dr G D and Mrs H Coster Mr P R and Mrs L Fisher Mr R H and Mrs K M Blakeney-Williams Mr K E J and Mrs R M Couper Mr R A and Mrs H Fisher Mr A and Mrs C Bollard Mr R W Crompton Mr P M Fogarty Mrs G Brabant Dr P S and Dr K E Crosier Dr G A Foote Mr D J and Mrs P Bracewell Mr D and Mrs C E Cryer Mr L R Fox Mr M and Mrs W Brackenridge Mr P D Cullinane Dr J G Fraser Mr N R G Breen Dr P Cunningham Mr M M Fraser Mr D S Bridgman Mr D A Currey Mr D J and Mrs P Frith Dr C and Mrs J Brown Mr G Dainty Dr S and Mrs R Fuata’i Mr C R S C Brown Mr D G Daniel Mr B G Fulton Mr G J Bull Mr C and Mrs J Dargaville Mr R and Mrs D Fyfe Mr G R and Mrs N Burden Mr M C and Mrs L D Darrow Dr H D L Gabriel Mr P A and Mrs J E Burgess Dr D H C Davidson Mr C B Gambrill Mr A Burr Mr G A Davies Mr J G Gardner Mr M Burton Mr P and Mrs A Davis Mr R George

Foundation Annual Report 2019 21 Our Members (continued)

Mr D M V Gibbs Mr E D Hewetson and Ms A Langbein Mrs L Lischner Mr D E J Gibson Mr E R and Mrs U Hickman Mr E F Kleyn Mr G E M Gibson Mr M J Higgs Mr B Koningham Mrs T Gieck Mrs J Hindmarsh Mr R C Kuegler Mr J and Mrs P Gilbert Mr M M and Mrs M Hobson Mr J La Grouw Jr Mrs A Gilchrist Mr V B Holdaway Mr A F and Mrs J Laity Mr A R Gilchrist Mr T L Honan Mr A R H and Mrs A Laity Mr C D Gill Mr P B Hoobin Dr G F Lamb Mr D M B Gill Mr R J and Mrs L Horrocks Mr A G A and Mrs C Landels Mr B J Gillespie Mr D K Horton Mr R B Lange and Mrs K C Jones Mrs P Gilmour Mr H M Horton Mr M M Langley Mr J and Mrs R Glengarry Mr T J B Howard Mrs H Lawford Mr C S Goldie Mr M C M Howat Mr R E and Mrs H Lawford Mr S Gollin and Ms W Cook Mr J Hsu Mr A R and Mrs J Lawrence Mr B Goodwin Mr A and Mrs J Hulbert Dr J E H Lawry Mr A F Grant Mr P Huljich Dr J M H Lawry Dr T B and Dr C P Gray Mr E J Hunkin Mr J P K Lee Mr A L and Mrs H L Green Mr P Hunt Dr M Legget and Mrs C Hobson Mr D G and Mrs J Grey Mr V and Mrs R Hunt Mr H C Lehman Mr M K Griffiths Mr M G R and Mrs A Hutcheson Mr I U Letele Mr P M Griffiths Mr J B S Hutchinson Mr S Lewis Mr P C Guildford Mr W R Hutchinson Mr D G Liggins Mr J D G Haddleton Mr D B Innes Mr Y and Mrs P Lim Mr S V Hadlow Mr R J Insull Mr P E and Mrs B Lindesay Mr S B D Hain Mr Y Ishii Mr T and Mrs J Lines Mr J Hall Mr E C Jack Mrs S Lingo Mr S and Mrs N Hall Ms C M Jackson Mrs J Litten Mr D A and Mrs J Hammond Mr J H Jackson Mr R D and Mrs M M A Llewellyn Mr D R Hammond Mr G and Mrs E Jacobsen Mr J and Mrs D Lockie Mr E P Hanson Mr J Jacobsen and Ms C M Hellaby Mr G I and Mrs J K Lowe Mr J M Hargreaves Mr M G Jamieson Mr J O Lusk Mr J Harman Mr B Jeffery Mr R A Lynd Mrs M Harrison Mr G L Johnson Mr J H Maasland Mr D Harry Mr G M Johnston Mr K G MacCormick Mr C T and Mrs L Hart Mrs P Johnston Mr R N MacCormick Judge D J Harvey Mr P L Johnston Mr H H Macdonald Mr C A and Mrs E Harvison Mr D J Jones Mr R W Macdonald Mr B R and Mrs M Hassall Mrs J Jones Mrs S Macindoe Mr L D Hawthorn Mr R A Josephson Mr M J and Mrs A MacMillan Mrs A Hay Mr J Judge and Mrs J Clarke Sir William and Lady Lois Manchester Trust Mr P B Hay Mr M J Kelt Mr D and Mrs K Manning Mr K and Mrs D Healy Dr B and Mrs D Kent-Smith Mrs T Maoate Mr L C Heard Mr T Khau Mr R Marchant and Mrs A M Ghirelli Mr B and Mrs L Heron Mr S and Mrs H S B Kim Mr B M Marler Mr B and Mrs J Herring Mr D A Kirkpatrick Mr W R M Marsh Mrs C M Hesketh Mr J C Kirk-Smith Mrs A Martelli

22 Foundation Annual Report 2019 Mr F Mason Mr T H and Mrs K Nickels Mr Q and Mrs K Ross Mr M and Mrs S Mason Dr R Nicol Dr D L Rothwell Mr J S M and Mrs J Massey Mr R M Noakes Dr S and Dr S Roy Mr M D Matthew Mrs G Noble Mr R and Mrs S Roydhouse Dr J R D Matthews Mrs J Norgate Mr P S and Mrs R Rust Mr P M Mayston Mr A and Mrs F Nugent Mr B C and Mrs K Sando Mr N K and Mrs J McDell Mr D L and Mrs S Olde Mrs H M F Saunders Mr M J McDonald Mr D E Olsen Mrs H Schouten Mr G M McEwin Mr J O’Neill Mrs L Scott Dr A J McGeorge and Dr K Philipson Mr K R and Mrs P O’Rourke Mr P J and Mrs P Scully Mr C I McGregor-Macdonald Mr R W and Mrs N Orr Mr W and Mrs A Selles and Ms M Thomson Mr B K Otto Mr B D and Mrs D Sharma Dr D A R and Mrs T McKay Mr R and Mrs P Pagani Mr H and Mrs S Sheard Mr R J McKay Mr J Park and Mrs K Min Mr C T Sheffield Mr G and Mrs J McKendry Mr J D W Pask Mr R Sheild Mr B L McKenzie Mrs D J Paterson Mr D and Mrs C Sherning Mr D J McKenzie Mr I D and Mrs P E Paterson Mr R Shih Mr R E McKenzie The Right Reverend J C Paterson Mr J F Shortt Mrs R B McLaren and Mrs M Paterson Prof R H Sibson and Ms F Ghisetti-Sibson Mrs P McLaughlin Ms T H Pedersen Mr M F R Simich Mr M G M McLean Mr J B and Mrs G Peebles Mr P A Simmons and Mrs A M Tills Mr R F and Mrs J McLean Mr C E Perkins Mr M Simson Mr P H and Mrs A McNamara Mr H E Perrett Mr P Simunovich Mr A and Mrs T McNaughton Mr G C Peters and Ms W J Mackay Mrs D Sinclair Mr G A A and Mrs R Mekkelholt Dr J E Petoe Mr F Sing Dr C G Mellow Mr R M and Mrs M Petricevic Mr M K and Mrs S Sisam Mr L Miao and Ms S Duanmu Mr D and Mrs J Phillips Mr and Mrs A C Sissons Mr A W Miles Mr A W and Mrs E Picot Mr B H Skelton Mr J A and Mrs J Miocevic Dr A H and Mrs M Preena Mr J and Mrs D Slagter Mr D N Mitchell The Hon J M Priestley CNZM QC Mr G R and Mrs S Smith and Mrs A Priestley Mr J A N and Mrs C Mitchell Mr H L M Smith Mrs L W Print Mr A J Mitchelson Mr P R and Mrs D E Smith Mr K R Provan Mr R J Moody Mr A J Smits Mr B A F Raina The Hon Justice S J E and Mrs J Moore Mrs S Smits Mr J R Ralston Mr A W B Morris Mr K H Song Mr D S Reid Mrs S Morrissey Mr D G Spence Mr M A Reid Mr J A C and Mrs A Motion Mr B R Spring Mr H T Retzlaff Mr R S and Mrs R J Morton Mrs S L Spurway Mr P and Mrs K Reynolds Mr M C Muir Mr B V C Stafford Mr W S Rial III Mrs D Mulcock Mr R Stanners Mr V G T Richards Mr S J and Mrs K M Munro Mr W T and Mrs F Stevens Mr F H Richardson Mr W D Murphy Mr M and Mrs A Stokes Mr B E Rissetto Mr S C Myhill Mr J R Storey Mr S B Robinson Mr P and Mrs A M Nelson Mr K F Storey Mr A J B Rogers Mr T G and Mrs J Nelson Parker Mr K S Street Mr L R and Mrs M Rogers Mr B R Neumegen Dr D E Swaris Mr B G Neville-White Mr G J Ross

Foundation Annual Report 2019 23 Our Members (continued)

Mr D L P Tapper Mr G and Mrs S Wadsworth Mrs J M Williams Professor C Tasman-Jones Mr O W Wagener Mr A D P Wills Mr C N and Mrs K M Taylor Mr A and Mrs S Wait Mr S C B Wills Mrs J M Taylor Mr C and Mrs M Wakefield Mr J W and Mrs S Wilson Mr R H and Mrs C Taylor Mr A J Walbridge Mr M and Mrs K Wilson Mr G M Thomson Mr C A R Walker Mr M and Mrs S Wilson Mr M R Thorley Mr J H R and Mrs L Walker Mr R Wilson Mr M D and Mrs M C Thornton Libby, Lady Wallace Mrs J Winter Mr R B Thornton Mr D M Walter Mr J Wong Mr I and Mrs B Thursfield Mrs M Watson Dr P C Wong Mr M C Tisdall Dr E C Watts Mr T Wong and Mrs M Hollier Mrs J Tongue Mrs E Wedral Mr P M Wood Mr A R Train Mr R Weir and Ms S Abdale Mr A J and Mrs H Wootton Mr H Trebitsch Mr C M Westerlund Mr P T Worsp Mr T R and Mrs L Turner Dr P White Mr R W and Mrs A Wrightson Mr U and Mrs S Unasa Mr K G and Mrs R Whitney Mr J and Mrs R Wylie Mr C K and Dr S Urry Mr D A Wiley Mr Z Xie and Mrs X Wang Mr B F and Mrs J Vanstone Mr J A Wilkins Mr C and Mrs J Z Yang Mr G E Vazey and Mrs C Ruwhiu-Vazey Mr M Y Wilkins Mr A W L Yaxley Mr P J Vela Mr D A R Williams Mrs G Yaxley Mr C A Voyce Mr G D and Mrs G Williams Mr A K Yee Mr M Vujanic Mr G J P Williams Mr A W Young Mr C H Waalkens Mr G W and Mrs S Williams Dr R and Mrs E Young Mr R F Waalkens Mr J B Williams

Corporate Members Alistair Dryden Family Trust FlexiGroup NZ Ltd Rotary Club of Ōtāhuhu Inc Allied Domecq Wines (NZ) Ltd (previously Fisher & Paykel Finance) Simpson Grierson American Express International (NZ) Inc Fuji Xerox New Zealand Ltd Smith & Caughey Ltd ANZ Banking Group NZ Ltd Giltrap Group Holdings Ltd Soar Printing Co Ltd Aon Consulting New Zealand Ltd Heartland Bank South Auckland Charitable Trust Aon New Zealand Limited Lawton Building Ltd Specialist Radiology & MRI Ltd Armacup Maritime Services Ltd L J Hooker Commercial SunRice Auckland City BMW McConnell Ltd Vomo (Fiji) Ltd Battlefront Miniatures Ltd New Zealand Cricket Foundation Inc Vomo (NZ) Ltd Bayleys Realty Group Ngāti Whātua Ōrākei Whai Maia Ltd Walker & Hall Brittain Wynyard & Co Ltd ORB Medical Ltd Corporate Apartments Pepsi-Cola Bottlers New Zealand

We acknowledge the sad passing of the following Members during 2019: Mr G A L Amos Mr P O Carr Dawn, Lady Hellaby

24 Foundation Annual Report 2019