OA Endowment Fund
What is the OA Endowment Fund?
Established in 1932, the OAEF has been running for over 90 years and is there to provide financial assistance by way of interest free loans or grants to Old Alleynians embarking on a postgraduate course of study, or other career focused qualification. The OAEF is administered by six trustees and is registered with the Charity Commission. The OAEF is funded by bequests and donations from OAs as well as the Old Alleynian Association.
Trustees have discretion to consider applications from a broad range of disciplines and may be able to help where other avenues of funding have proved fruitless.
Current recipients include architects, pharmacists, philosophers, IT consultants, actors, directors, doctors, pilots, academics, historians, software engineers, barristers, teachers and cinematographers.
In addition, through the betterment of the recreational and other facilities, the OAEF looks to provide support to the education of pupils at the College. This is currently done via grants to The Master’s Fund.
How does it work?
The trustees approve loans of up to £5,000 with repayment commencing when the recipient has completed their chosen course of study and is in gainful employment. Once the loan is repaid, these funds can then be loaned out again to benefit other Old Alleynians. Each loan recipient is allocated a liaison trustee who keeps in regular contact with them while they are studying and as they begin work.
Timing of the loan repayment is at the discretion of the trustees and considers each individual’s circumstances and financial position, however, there is an expectation that loans be repaid within a maximum of 5 years. Regular communication between recipient and trustee is critical to the smooth operation of the fund. With contact being maintained over many years, this will often lead to a more mentoring and supporting role for the trustees as well.
What is the Application Process?
The loan application process is informal and straightforward; and usually involves an interview to discuss the course to be followed, likely costs, and general fact finding. This will then be followed by a meeting of trustees where the application is considered. Once a decision is reached on whether to approve the application and the sum to be advanced, the applicant is informed, and funds made available. Applications to the fund are not means tested and each application is assessed on its own merit.
Any Old Alleynian requiring more information, or are interested in applying for a loan or grant, are warmly invited to do so by emailing OAEF@dulwich.org.uk
How can you contribute?
If you are a former beneficiary, or an Old Alleynian, with a strong desire to contribute to this career enhancing support fund for OAs, then we are keen to hear from you. Support can be provided via a gift, legacy, or by becoming a trustee. If interested, please get in touch on OAEF@dulwich.org.uk
Who are the current trustees?
James Rosslyn-Smith (97-04) - Chairman
David Martin (84-91) - Secretary
John Beck (73-82) - Treasurer
Mark Hutchings (77-84)
Nick Robinson (62-71)
Richard Sainsbury (63-72)