ACHIMOTA SCHOOL ENDOWMENT TRUST FUND
Achimota School Endowment Trust Fund was founded in 1991 and its sole purpose for existing is to provide assistance to meet the needs of the school throughout its existence. Support from government is no longer enough to cater to the needs of the school, it is for this reason that ASETFund was established to solicit funds from Akoras and others in order to support and maintain Achimota School.
The main objectives of the Endowment Fund are to:
· To provide Achimota School with the necessary financial support as well in cash as in kind from time to time and throughout time, for the maintenance of the school
· For the promotion and encouragement of education in Achimota School
· For the erection , rehabilitation, extension and the maintenance of the buildings and facilities of the school including the erecting, establishment and endowment of the School Library complex for the use of students of the school
· For the maintenance and advancement of education, religion, sports and other charitable purposes at Achimota School
As the fund relies on contributions from Akoras, every year group was levied an amount of GH ȼ 500 per year. The fund then invests these payments in money instruments such as Treasury Bills, Mutual Funds and Bonds. The interest accrued from these investments is then used to assist the Achimota School in maintenance and rehabilitation works.
Currently, a five year strategic plan is being drafted in order to facilitate the achievement of the above mentioned objectives. It will include the target amount to be raised within the next five years, fundraising activities to be held by ASETF and the role of Akoras in helping to make the fund stronger and more efficient. Final copies of the strategic plan will be made available to all year groups when completed.
Cheque payments should be made out in the name of ‘ACHIMOTA School Endowment Trust Fund’.
Payment may also be made into the Fund’s account with Standard Chartered Bank, High Street branch, Account number 0100100613200. Direct debit payment is also acceptable. All Akoras are encouraged to make regular group and personal contributions to the fund.