Since 1997 and the Government’s withdrawal of the Assisted Places Scheme, Alleyn’s has continued to offer an education to pupils who could not otherwise afford it through the generosity of its supporters among our friends, former pupils and parents.
In the current academic year, Alleyn’s will spend just under £1.4 million of its income on pupil support by way of means-tested bursaries and scholarships. This is funded via the annual distribution from the Dulwich Estate, a generous grant from the Worshipful Company of Saddlers, and through some use of restricted funds endowed by past donors. The School is very aware of the financial impact which the payment of school fees (sometimes for more than one child) can have on the parents of current pupils. Therefore, no school fee income is used to fund pupil support.
Bursaries – a target for 2019
Based upon current projections, we estimate that providing the equivalent of an additional further twelve full-fee-equivalent (ffe) bursary places will require an estimated increased spend of £230,700 per annum in 2019-20. To permanently endow these bursaries we calculate that this will require an endowment in the order of £450,000 per bursary. Were we to achieve this, then within the space of ten years we shall have increased the number of ffe on offer at Alleyn’s from 44 to 64.
While a permanent endowment of this magnitude is our ten year aim for the School, we also welcome the support of our donors in supplementing our existing bursary provision by giving smaller sums to increase the support our current generation of pupils receive.