King’s College Foundation Annual Report 2018 It was fantastic to see some of our Foundation Members attend the Foundation Cocktails event before watching the 2018 Glee Club’s performance of Guys and Dolls. Foundation Annual Report 2018 1 President’s Report It gives me much pleasure to I would like to acknowledge the outstanding We are very pleased to have engaged the leadership of Headmaster Simon Lamb, as services of Giving Architects and its principal, present my report for the year King’s continues to excel across a wide variety Clive Pedley. Clive has brought his considerable ended 31 December 2018. of activities. Testament to Simon’s leadership is organisational skills and fundraising experience the strong roll, high quality of teaching staff and to the table as this hugely significant campaign The King’s College great spirit within the College. gathers momentum. Foundation has again been In my report last year, I advised that I would be The Foundation will be assisting financially actively engaged with stepping down as Foundation President and that with support for this wide-ranging capital Simon Power would be filling my position. development at King’s, that will take place over helping the College across a the next 10 or so years. It became apparent midway through the year range of activities. that the major fundraising appeal would require an independent leadership structure, which at Investment Fund that stage was not in place. It will possibly come as no surprise to many of To facilitate a smooth transition, the Foundation you that our Investment Fund could not match decided that until the structure was decided the stellar returns of 2017. In fact, we returned upon, I would remain as Chairman and Simon a loss of 2.6%, which was around the average Power remained as a co-opted member. performance of most similar investment funds. At the end of 2018, Board Chairman Ross Green The Foundation distributed $770,463 to the stepped aside to become head of the Capital College for targeted scholarship and bursaries Campaign Committee, and the College was and $255,997 for other purposes. delighted when Simon Power took on the role The Investment Fund’s balance at 31 December of Board Chairman – hence the reason why I am 2018 was $23,087,513. still at the helm, and writing this report! This year’s financial result has not impacted Preparation for the fundraising appeal to assist on our ability to continue to fund the many with the start of the implementation of the scholarships and bursaries we support. Master Property Plan has been at the forefront However, we will be relying on a better of Foundation business over the last 12 months. performance for the 2019 financial year. 2 Foundation Annual Report 2018 Giving Back to the College Warne Rowllings we have no one better to manage this than Andy Morris. Each year, I receive acknowledgement letters Memorial Scholarship The Investment Committee continues to meet from scholarship and bursary recipients, to During the year, Old Collegian Paul Rowllings on a quarterly basis and keep a watchful eye on whom I reply on a personal basis. It provides (Major, 1986-90) and his family donated funds the performance of the respective sectors and me with an opportunity to remind them of our towards a hardship scholarship, which enables fund managers that we have engaged. desire to see these students give back to the a student to continue their education at King’s College over their lifetime just as others have, if for some reason their family can no longer Thank you, Andy, for your enthusiasm and which enabled them to be educated at King’s. afford all the fees. knowledge in this sector, along with that of other members, Peter Wilson, James Ring, This gesture need not necessarily be of It is called the Warne Rowllings Scholarship in James Mitchell, Peter Clark and Simon Power. a financial nature, but could be by way memory of Paul’s late father, who was a student of mentoring current students, coaching in both Selwyn and Major Houses from 1956-60. Thank you, too, to the Director of Commercial teams or being engaged with various Services, Paul Chapman, and his office for King’s organisations. Looking Ahead preparing the monthly returns and attending to other financial matters. As we look forward to 2019, our focus is Social Events Finally, to fellow Foundation Board members – now very much on fundraising for the Peter Wilson, Carrie Hobson, Liz Young, Murray The Foundation once again hosted an opening- Capital Campaign. night cocktail function prior to the Glee Club’s Reid, Andy Morris and Simon Power – thank performance of Guys and Dolls. It’s very With Ross Green at the helm, members of the you for giving your time and knowledge to encouraging to meet many of our members at Foundation will be offering their assistance the Foundation. when required, to ensure this is a very this function and see them enjoy a great night’s We have a big year ahead as the Capital successful venture. entertainment at the College. Campaign begins in earnest. The Foundation values having Jeanette Paine, Our last event for 2018 was the Donor’s Thank the Director of Marketing and Development, You cocktails, which were held at the Romer Virtus Pollet. Gallery in central Auckland. It was another to work alongside it. Jeanette has a very well-attended and very enjoyable evening, capable team behind her and much of their Richard Kidd and featured an outstanding address by a very time going forward will be associated with the PRESIDENT talented Year 13 student, Fabiana Massa-Carson. Capital Campaign. The growth of the Investment Fund is fundamental to the Foundation’s success, and I would like to acknowledge the outstanding leadership of Headmaster Simon Lamb, as King’s continues to excel across a wide variety of activities. Testament to Simon’s leadership is the strong roll, high quality of teaching staff and great spirit within the College. Foundation Annual Report 2018 3 Warne Rowllings Memorial Scholarship King’s College had a Memories of his King’s days stayed with Warne all his life, some of which he wrote down for significant influence on his family. Warne Rowllings’ life. “Selwyn House was outside the school grounds and we had to cycle to school. Every morning, Indeed, Warne credited the College with we had to have a cold shower, even when the instilling the personal values and integrity pipes had to be banged to free the ice inside,” he was best known for. That said, it was the he recalled. lifelong friendships he made at the school which “In the three years I boarded, I never wore a mattered most to him throughout his life. pullover, never had a cold. Come to think of it, Warne was a boarding student in Selwyn House I never missed a day’s schooling through illness. for his first three years, before becoming a Day “Life was very regimented – breakfast, chapel, pupil at the newly-created Major House. classes, sports, dinner and homework. A new memorial scholarship has been “We had to dress for dinner in a shirt with a established by the Rowllings family, in his semi-stiff detached collar and a Donegal tweed memory. He attended King’s from 1956 to 1960 jacket. On Sunday chapel, we had to wear the and passed away in 2015. detached collar with a black suit, including During his time at the College, he participated a waistcoat.” enthusiastically in all aspects of King’s life – By the end of his third year, financial pressure academically, culturally and, most notably, on on the family meant Warne had to switch to the sports field. being a Day pupil. Later, with school fees in He played rugby for the First XV, cricket in the arrears, he faced the prospect of having to leave > Warne Rowllings First XI, and rowed and boxed for the College. King’s altogether. (Selwyn/Major, 1956-60) King’s College First XV, 1960 King’s College Second XV, 1960 Warne Warne 4 Foundation Annual Report 2018 The Headmaster of the time, Geoffrey “We are delighted this scholarship is already Greenbank, was able to provide financial helping someone who is in a similar position assistance which allowed Warne to stay on as Warne found himself,” his widow, Jeanagh Warne’s good friend for his final year. Being able to complete his Rowllings, said. John Stewart was a year education, and maintain the friendships he “As the college prepares to celebrate 40 years valued highly, was instrumental in his later life. behind Warne at King’s. of girls at King’s, it feels especially fitting that “I was regarded by some of the older boys as a the first recipient is a girl. He was in Parnell House bit cheeky, as I was outgoing,” Warne wrote. “Warne felt deeply grateful to the school to be from 1957 to 1961 and “Those that held that view tried to take it out on able to stay. The school stepped in to support has strong memories of me but others, who liked a lively attitude, looked him and we hope this scholarship can provide their time at the College. after me and I was never injured.” the same lifeline for future Collegians.” The Warne Rowllings Memorial Scholarship will This scholarship is fully funded, but the college “Warne had a pretty good career be granted, at the discretion of the Headmaster, would gratefully welcome further donations at King’s. He was a consummate to a student whose family is unable to pay from those who knew Warne well, should they sportsman, a halfback in the First XV school fees due to genuine, unexpected wish to do so.