Michaelhouse Bursary Endowment Trust
Michaelhouse Bursary Endowment Trust
What is the Endowment Trust?
Officially the Michaelhouse Bursary Endowment Trust (MBET) – we call it the BET – was established in 1980 to receive any funds donated, bequeathed or otherwise made to Michaelhouse awarding of bursaries to existing and prospective pupils of Michaelhouse.
The nature of an endowment trust is to be sustainable by conserving the capital and releasing the annual income for bursaries. This is encapsulated in the ‘MIT formula’ which the trustees presently follow.
How does the Endowment Trust change lives?
Since 1980, the BET has given boys the opportunity to attend our School.
At any one time, around 40% of our boys are in receipt of some sort of financial need.
Support has been and remains broad. In some cases it is modest to help parents make ends meet so their son can attend – or continue to attend – the school. In other cases it covers all the fees, uniform and extras for those from very extremely deprived backgrounds. While scholarships are separate from the BET, it is perfectly possible for a boy to receive both a scholarship and a bursary in order to give opportunity to those who are in financial need, but also gifted in the cultural, academic and sporting arenas.
The BET has changed lives for over four decades and countless recipients have grasped the opportunity given to them and gone on to become significant contributors to society. It is noteworthy that many bursary and scholarship holders have returned to given time to Michaelhouse, have become benefactors of the school, and more than just a handful have served as Chairman of the Board of Governors.
As the cost of living increases and inevitably so do school fees, a healthy BET is critical to ensuring that Michaelhouse remains as accessible to as many South Africans as possible.
How can you help change lives?
Help us grow the BET so we can keep Michaelhouse accessible to as many South Africans as possible.
One off donations are well received and you can be assured that your generosity will reach the boys that are deserving and in need. However, this is an ongoing need and so if you are able to, we would be so grateful if you could make a recurring donation.
Remember if you are a South African taxpayer, all donations are tax deductible. We will send you a Section 18a following receipt of your donation and confirmation of your details.
If you are a UK taxpayer and you would like to to benefit from Gift Aid, then you can support our boys through the UK Trust. Follow the accordion below:
Note the way the UK Trust is set up as a Charity, your donations can only go towards bursaries. Call us if you want to discuss this further.
If you are a US taxpayer and you would like to benefit from IRS tax relief, follow the accordion below:
Closed How to Give in the UK
We have a registered charity in the UK: the Michaelhouse UK Trust. You are therefore able to give in GBP in the UK and benefit from gift aid tax relief.
Donating through gift aid means that the UK Trust can claim an extra 25p for every £1 they receive. If you are a higher rate taxpayer, you can in addition receive a further credit against your tax liability up to 25% against the amount you donated.
Tax Relief when you donate to a charity
Here are the Trust’s banking details:
UK Trust Banking Details
Make a bank transfer to the following details:
Account Name: Michaelhouse UK Trust
Banking Authority: Nedbank
Account Number: 93867690
Sort Code: 11-57-06
SWIFT address: NEDSGB2LXXX
Once you have made a donation, please send an email to:
Seamus Smyth (Chairman of the UK Trust): SeamusSmyth@cartercamerons.com | +44 (0) 20 7406 1050
In the email, please confirm:
Donation amount
Whether you are a UK Tax Payer and whether you intend on claiming Gift Aid
The full details of the Trust are available on the UK Charity Commission website below:
Michaelhouse UK Trust – Charity 328512
How to Give in the US
If you are a US Taxpayer, we have the facility for you to give in US Dollars and potentially benefit from IRS tax relief. We are in partnership with a Not-For-Profit (NFP) organisation, the Good Shepherd Ministries.
This nonprofit is set up with education as a primary goal. The IRS official name is
- Good Shepherd Ministries International
- IRS EIN number is 330469882
You will be taken to the bespoke Michaelhouse payment portal provided by Good Shepherd. It will look like this:
IMPORTANT:
- Please ensure you fill in the ‘memo’ section so we are aware of your wishes.
If you would like to discuss further, prior to donating, please email us at
How to make a donation
If you wish to give from any other country or jurisdiction, please follow the ‘how to give in SA’ instructions.
If you are interesting in donating to the MBET, then also consider joining the Chairman’s Club. Follow the link below:
Closed How to give in SA
There are two ways:
- Bank Transfer
- Direct Debit
Bank Transfer
Make a bank transfer to the following details:
Account Name: Michaelhouse Banking Authority: Standard Bank Account Number: 052211002 Branch Code: 057525 SWIFT address: SBZA ZA JJ
PBO registration number: 930000077
Direct Debit
If you wish to make a recurring gift via direct debit, please fill in this form:
MHS-Donor Debit Form-version Feb 2023.pdf
Once you have made a donation, please send an email to:
Keegan Evans (Finance Team and Trust Administrator): KeeEva@michaelhouse.org | 0027 (0) 33 234 1145
In the email, please confirm:
Donation amount
What you would like us to do with the donation
For S18a, your full name and full address including postcode.