52 DEVELOPMENT Fund TRUST CHAIRMAN Peter Morgan has chaired the Trust since 1999. B Comm CA (SA) Peter joined the accounting practice of Compton & Horne in January 1975 where he completed his articles and qualified as a Chartered Accountant. He remained with this firm for 25 years (through a series of mergers it ultimately became Deloitte &Touche) serving as a partner for 17 years and heading up the Financial Services Group in his last 4 years. In 2001 he was part of a joint buyout of this division to form a new Company in the Nedbank stable known as BoE Trust (KZN) Limited. He acted as Managing Director/ Regional Manager of this Company/ Division until mid-2010. He currently acts as an independent Trustee and Financial Consultant. Kearsney: Peter attended Kearsney from 1966 to 1970 (Pembroke) together with his brothers, Doug (KCOB 1966) and Tony (KCOB 1968). His two sons, Greg (KCOB 2001) and Chris (KCOB 2003) also attended Kearsney. He served on the Board and was Chairman of the Finance Committee from 1999 to 2005. His late father, Don, was a founding Trustee of this Trust. TRUSTEE Rob Becker BSc (QS) PrQS PMAQS Rob joinedWalters & Simpson as a student quantity surveyor in 1969 and after qualifying as a Quantity Surveyor has remained with that practice ever since. He was admitted as a partner in 1980 and is now a director of the reconstituted company MbathaWalters & Simpson. His two sons Anthony (KCOB 1998) and Lloyd (KCOB 2000) were lured out of Gillingham to form the first group of Sheffield boarders. Rob has been involved in a number of charitable and community based boards and committees over the years. Kearsney: Rob attended Kearsney from 1962 to 1963 (Gillingham). He served on the Board for 12 years (1992-2004 )and was appointed as a Trustee of the Kearsney College Trust in 2003. He is the current Chairman of the Kearsney College Trustees. The Kearsney Development Fund was created in 1982 to take transfer of and manage the endowment fund of Kearsney College. Registered Trust No: 2334/82 TRUSTEES The Trust is a registered non-profit organisation. Any income is applied towards education and development at the school. The key objective of the Kearsney Development Fund is to secure and grow the endowment funds of Kearsney College and to provide sustainable and growing financial support to the College for the benefit of current and future generations. The investment strategy is to preserve and grow the underlying investments in real terms over time through the combined efforts of the Trustees and an outsourced investment manager. KEARSNEY DEVELOPMENT FUND Bursary and scholarship funds endowed in perpetuity Academic Scholarship Fund ø Albert & Molly Baumann Bursary Len & Sophie Baumann Bursary The John Bester Fund ø Patrick Bird Fund Carpe Diem Bursary Fund Class of 1952 Bursary Class of 1954 Bursary * Class of 1974 Bursary Class of 1978 Bursary Class of 1987 Fund ø Class of 2007 Memorial Bursary ø Class of 2010 Memorial Bursary ø Leif Gjestland Ministerial Fund P Hind Fund Peta Hall Fund Kearsney Foundation Bursary Fund KC Comins Maths Scholarships KCOB Rugby Fund ø Major Scholarship Fund Christine Mason Scholarship The Micawber Trust ø Jim Panton Fund David Stranack Memorial Bursary (established by L Gjestland) Sons of KCOB Fund ø Grant Smith Scholarship Tongaat Hulett Fund Lady Usher Memorial Trust *USA-KCOB Centenary Fund Green eKCO funds endowed in perpetuity Established by Michael Hall in 2012 ø 2014 capital funds received (monthly or annually) *2014 new fund or first time donor