The Next 500 Appeal
Funding from the Direct Grant Scheme and Assisted Places Scheme has helped MGS to be accessible for poorer families at different times in our history. Our objective in embarking upon the Bursary Appeal in 1998, in the context of the withdrawal of the Assisted Places Scheme, was to establish a protected capital fund that would produce income in perpetuity. Your gifts help to directly subsidise the fees of suitably able boys from families of modest means. Please make a regular donation to MGS today.
Since 1998, thanks to donations from Old Mancunians, parents and supporters, the bursary funds managed by the MGS Trust have grown to over £27m. One sixth of the pupils in the School receive means-tested financial help, with the average support being 94% of the school fee. This is a remarkable achievement but in spite of the success that we have achieved, we regret that each year we are disappointing about 40 deserving boys for whom we have insufficient funds.
The Next 500 Bursary Appeal reached its £10m target in July 2016, and in January 2017 the MGS Trust set up a dedicated Bursary Endowment Fund to accommodate gifts from donors who prefer to support the School in this way. For more information about the General Bursary Fund and Bursary Endowment Fund, please contact the Development Office at the School.
We are enormously grateful to all Old Mancunians and supporters of the School who have contributed to our fundraising success. However, the bursary fundraising will continue for years to come until the MGS Trust has sufficient resources to support all deserving boys. We believe that we need to build bursary funds worth over £100m to achieve our ultimate aim of having a needs-blind admissions where boys are admitted to the school based on their academic potential rather than their economic background.
We hope that our supporters will include the MGS Trust amongst their chosen charities in the coming years and give according to their means.
To view a copy of our Annual Report, please click here.