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FOUNDATION Investing in the future of the School

An invitation to shape our future


Through a growing culture of philanthropy, the MAGS Foundation will provide the financial support necessary for the school to achieve its aspiration of becoming the best secondary school in New Zealand.

Per Angusta, Ad Augusta

Through Hardship to Glory

MAGS Foundation Statement of Purpose • Invest in educational excellence • Provide resources for MAGS to become New Zealand’s top secondary school • Establish the most successful Endowment Fund of any New Zealand school • Provide the financial resources to develop and support the School’s vision, values and tradition

MAGS Foundation Objectives • Develop a culture of philanthropy among Albertians, MAGS’ families and the wider MAGS community • Raise and manage funds for general or special purposes • Engage with as many Albertians and members of the wider MAGS community as possible • Develop and manage special projects for MAGS


Investing in the future of the School

Message from the Headmaster As the seventh Headmaster of Mount Albert Grammar School I am delighted to present the Prospectus of the MAGS Foundation. After nearly 100 years of serving the families of our local community and beyond, Mount Albert Grammar School enjoys an enviable position as a premier school on the national educational landscape. There exists a real pride in the breadth of achievement of our young people. The outstanding academic success of our students extends far beyond schools of a similar type. Furthermore, our school is recognised as the premier sporting school in New Zealand with no fewer than 16 national titles gained in recent years across a diversity of codes. Strong performing arts and service programmes complement the educational experience – it’s a great time to be a MAGS student! Fundamental to this success is the daily emphasis on values expressed through the MAGS Way. Students have a genuine respect for each other and for the historical legacy they build on each day at school. Our young people understand that they stand on the shoulders of the many Albertians who have gone before them – that they are part of something unique and honourable. Mount Albert Grammar School enjoys a strong partnership with its alumni and wider community. I am grateful for the work of the MAGS Foundation in drawing together this network of support with the intention of providing resources critical to the success of current and future students of our school. Mount Albert Grammar School students attend a school enjoying unparalleled standing in the educational community – your support of the MAGS Foundation will ensure this remains a reality for the generations of students to come. Patrick Drumm

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FOUNDATION

“Investing in the Foundation will be to invest in the future of our School”

Message from the MAGS Foundation Chairman The MAGS Foundation is the result of remarkable foresight by previous members of the Old Boys’ Association, now the Albertians Association. In 1972, when the School reached the age of 50 years, the Association formed the Mount Albert Grammar School Golden Jubilee Trust. In 2009, the name of the Trust was changed to the Mount Albert Grammar School Foundation and, in mid-2013, the Foundation employed Tim Kay as Director of Advancement, its first full-time employee. I have been Chairman since early 2015. Under Tim Kay’s directorship, the Foundation has established itself as critical to the future of the School. As explained in this Prospectus, significant funds are being raised for special purposes and also for the general purpose of establishing a substantial endowment fund for the School. Also, the Foundation has been delegated by the School Board to work with ASB Bank to develop and manage a substantial upgrade of the School farm, now named the ASB Bank MAGS Farm. Included will be the addition of an Experience Centre designed both to provide for the School’s curriculum and also to permit the agricultural and horticultural industries to display their technology and create greater urban awareness of career opportunities in their sectors. More recently, in anticipation of the School’s centenary in 2022, the Foundation launched an ambitious project to expand, enhance and modernise the FW Gamble Memorial Hall. The School will be provided with a modern and versatile Centennial Centre that will be remarkable for its strong heritage quality. Most importantly of all, however, the Foundation under Tim Kay’s directorship is working hard to create an enduring culture of philanthropy among Albertians, the School itself and the wider School community. As a State school, our funding is inevitably constrained. To continue to be successful and compete with both private schools and other State schools, MAGS needs greatly increased financial support from its entire community. So there is much ahead. Because the projects upon which the Foundation has embarked will be of obvious long-term benefit to the School, investing now in the Foundation in the ways set out in this Prospectus will truly be to invest in the future of our School and to propel it into its second century assured of building upon the success of the first. Peter Thorp

Message from the Director of Advancement As Director of Advancement for the Mount Albert Grammar School Foundation my overall vision is for the School to achieve its aim of becoming New Zealand’s top secondary school. Your financial support for the Foundation will help that to occur. The aspirations of past MAGS students have shaped our history and today our students aspire to shape our future. The Foundation is working to develop among not only our past and present students, but also their families and our wider community, a culture of philanthropy for the common good of providing better facilities for the School and enabling it to strengthen its values and provide greater opportunities for students. A central focus for me is to build a fully integrated, world-class fundraising and advancement programme. This programme will enable the Foundation, in an increasingly competitive fundraising environment, to raise the funds necessary for the development of the School’s facilities, the growth of its scholarship programmes for both staff and students, and the general advancement of the School. Please show the value you place on education and help us to shape our future by investing in the MAGS Foundation. Tim Kay 2


Investing in the future of the School

MAGS Foundation Governance In 1972, when the School reached the age of 50 years, the then Mount Albert Grammar School Old Boys Association formed the Mount Albert Grammar School Golden Jubilee Trust with objectives that included “the advancement of the School, its teachers, pupils and old boys … as well as to provide for the School buildings, amenities, materials and equipment”. In 2009, the name of the Trust was changed to the Mount Albert Grammar School Foundation. In mid-2013, the Foundation employed Tim Kay as Director of Advancement, its first full-time employee, and, in late 2015, Lorraine Robinson as his assistant.

Peter Thorp

Patrick Drumm

Greg Moyle

Greg Taylor

Tim Goulding

Grant Watson

Originally registered under the Charitable Trusts Act 1957, the Foundation is now registered as a Charitable Trust under the Charities Act 2005 with Charities Commission number CC 46943. Trustees: Peter Thorp, Chairman, Albertian Representative (MAGS 1964-1968) Patrick Drumm, Headmaster (ex officio) Greg Moyle, Chairman MAGS Board of Trustees (ex officio) (MAGS 1968-1972) Greg Taylor, former Headmaster, Albertian Representative (MAGS 1960-1964) Tim Goulding, Albertian Representative (MAGS 1968-1972) Grant Watson, Albertian Representative (MAGS 1985-1989) Management: Tim Kay, Director of Advancement Lorraine Robinson, Assistant to the Director of Advancement

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FOUNDATION

MAGS Foundation Projects •

Establishment and management of a $10 million Endowment Fund. The income from the capital fund is to be applied to the benefit of MAGS

Raise funds for and manage the construction of the Centennial Centre for the MAGS centenary in 2022. The project involves the expansion, enhancement and modernisation of the FW Gamble Memorial Hall so as to create a modern function centre with a capacity of over 1600, in a manner which preserves its heritage features, including all of its Honours Boards.

Raise funds for, upgrade and operate the ASB Bank MAGS Farm. The Foundation, pursuant to delegated authority from the MAGS Board of Trustees and a Charter of objectives, is working closely with ASB Bank and other major industry stakeholders to upgrade and expand the agricultural and horticultural facilities of the farm. A technologically current Experience Centre including new teaching facilities is to be built to serve increasing numbers of Agri-Business students at MAGS and also students visiting from other schools. Industry participants will support the farm with funding and product for display for both students and industry customers. The overall aim is to increase the awareness among urban students of the range and quality of opportunities in the agricultural and horticultural sectors.

ASB Bank MAGS Farm 4


Investing in the future of the School

Artist’s impression of the front entrance to the new MAGS Centennial Centre.

Artist’s impression of the inside of the new MAGS Centennial Centre. 5


FOUNDATION

MAGS Foundation Trust Funds The following Trust Funds have been established to support the development of the School and our students in the future:

General Fund The General Fund comprises gifts to the Foundation that do not have any specific purpose and can be used by the Foundation at its discretion. The General Fund supports the $10 million Endowment Fund, the Centennial Centre project and the ASB Bank MAGS Farm project.

Special Purpose Funds The Special Purpose Funds contain gifts to the Foundation for specific ongoing purposes. They are generally managed so as to preserve the capital and spend only the income on the specific purpose of the fund. The following Special Purpose Funds have been established and are managed by the Foundation:

Vivian Family Cricket Endowment Fund To support the development and growth of cricket at Mount Albert Grammar School.

Bryan Williams Rugby Endowment Fund To keep MAGS at the forefront of Auckland Secondary Schools First XV Rugby.

Greg Moyle Art Scholarship Fund To support the development of the Visual Arts Programme at MAGS.

Academic Endowment Fund To deliver excellence in education by both attracting and retaining high quality teaching staff at MAGS.

Kerry Ashby Rowing Endowment Fund To assist MAGS students who have the ability but not the funds to take up rowing.

MAGS Fine Art Show 6


Investing in the future of the School

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FOUNDATION

MAGS Foundation Investment Policy The Policy developed by the Foundation’s investment committee is:

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Keep a cash float to meet working capital and scholarship needs

Set aside funds for specific scholarships

Invest the balance in a balanced portfolio according to specific target asset allocations, reviewed regularly

Use reputable independent financial advisors to recommend specific investments


Investing in the future of the School

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FOUNDATION

Investing in the MAGS Foundation The MAGS Foundation is registered with the Charities Commission, CC 46943. All donations are fully tax deductible as a result and the MAGS Foundation is also GST registered. Donations can be made to the MAGS Foundation as follows:

Pledges

Goods or Services

Donations may be pledged to the MAGS Foundation once a year for a period of time, ideally five years maximum, so as to enable the donor to spread the total donation to suit cash flow.

While money donations are the most useful for the MAGS Foundation, donations of goods or services may also be of benefit.

Cash Donations

Bequests

Advertising, Sponsorship and Naming Rights

A special way to invest in the MAGS Foundation is by making a bequest. Any cash or other assets may be left in your Will to the MAGS Foundation, including a specified share of an estate, a specific amount of money and items of personal property or real estate.

Advertising opportunities for businesses and individuals are available in The Lion, the MAGS magazine published twice annually and distributed throughout the wider MAGS community.

Upon making a bequest to the MAGS Foundation the donor will be honoured by becoming a member of “The Augusta Society�, which is the means by which donors by bequest will be recognised and thanked during their lifetime.

A range of sponsorship opportunities is also available to enable sponsors to create mutually beneficial partnerships with MAGS.

Bequests are particularly suitable for the Endowment Fund project.

One off cash donations may better suit a donor.

A number of significant naming rights opportunities are available.

Albertian Reid Polkinghorne with his grandson, 2015 Deputy Head Boy Fraser Polkinghorne 10


Investing in the future of the School

The gift of education is a gift for a lifetime. Investing in MAGS is investing in the future of New Zealanders.

Albertians attending the MAGS Anzac Day service. 11


FOUNDATION

MAGS Foundation Donor Recognition Your contribution to the MAGS Foundation is highly valued and will be formally recognised with your permission in a number of ways depending on the value of your gift. There are five levels of donor recognition based upon the amount donated:

Levels of Recognition Gift Level

Gift Value

Patrons

Gifts of $50,000 or more

Directors

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Gifts of $20,000 or more

Fellows

Gifts of $10,000 or more

Members

Gifts of $2,000 or more

Supporters

Gifts of up to $2,000


Investing in the future of the School

FOUNDATION Investing in the future of the School DONATION FORM Personal Details

Name:

Years at MAGS (if applicable):

Address: Phone:

(Bus)

(Home)

(mobile)

Email:

I wish to make a donation to the MAGS Foundation of $

I wish my donation to be applied as follows (Note: If you do not wish to apply your donation to any Special Purpose Fund, it will be applied to the General Fund):

General Fund $

Special Purpose Funds

Vivian Family Cricket Endowment Fund $

Bryan Williams Rugby Endowment Fund $

Greg Moyle Art Scholarship Fund $

Academic Endowment Fund $

Kerry Ashby Rowing Endowment Fund $

I would like to receive further information on advertising, sponsorship or naming rights opportunities or discuss the donation of goods and/or services

Donation Details

Immediate cash gift of $

Pledge of $

Bequest: I enclose a letter from my Solicitor confirming details included in my Will as outlined in “The Augusta Society” bequest brochure

monthly or annually over

years commencing

(month/year)

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FOUNDATION

Payment Details

I enclose my payment of $

Cheque (payable to the MAGS Foundation) Credit card: Please select

Mastercard or

Visa

Name on card:

Credit card number:

Expiry: Signature On line payment: ASB Bank, Mount Albert Branch Account number: 12-3029-0432660-00 Please quote your full name as reference

Donor Recognition

I wish to receive recognition for my gift and would like to receive further information in that regard.

Please return the completed donation form to: Tim Kay Director of Advancement MAGS Foundation Alberton Avenue Mount Albert Auckland 1025 or Email: tkay@mags.school.nz

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Investing in the future of the School

School Hymn Dusk on the walls and the twilight lingering Darken yet lighten our half-dimmed gaze; While on the panels still bright with his fingering God writes this legend in golden rays; “Through hardship to glory” Mt Albert create us Such that our honour may live evermore: And these be our thoughts when in years that await us We shall look back to the motto of yore. Grant with the days then Mt Albert a reverence Springing from duty but vital with love That in the ending there be not a severance Torn in the pattern thine own hands wove. J. A.W. Bennett (Albertian)  

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FOUNDATION Investing in the future of the School

Our success requires a partnership that develops and preserves the unique environment that is MAGS.


FOUNDATION

Investing in the future of the School

For further information on the MAGS Foundation please contact:

BR-j9132

Tim Kay, Director of Advancement MAGS Foundation Email: tkay@mags.school.nz Ph: (09) 815 4034 (021) 636 803 www.mags.school.nz

Profile for MAGS Communications

Mags foundation prospectus  

The Prospectus of the MAGS Foundation details its purpose, governance, projects, trust funds and ways to invest in the future of Mount Alber...

Mags foundation prospectus  

The Prospectus of the MAGS Foundation details its purpose, governance, projects, trust funds and ways to invest in the future of Mount Alber...

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