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Shrewsbury School Foundation - Annual Report & Donor Roll - 2022 - 2023

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Source of Gifts<br />

80% Alumni<br />

11.5% Former <strong>Shrewsbury</strong> <strong>School</strong> Parents<br />

48.5%<br />

The Means Tested<br />

Bursary Fund<br />

Direction of Gifts<br />

4.5%<br />

The<br />

Infrastructure<br />

Fund<br />

6.5% Current <strong>Shrewsbury</strong> <strong>School</strong> Parents<br />

1.5% Friends<br />

47%<br />

The <strong>School</strong>’s Current Area<br />

of Greatest Need Fund<br />

0.5% Organisations<br />

The <strong>School</strong> awarded Scholarships and Bursaries<br />

worth £4.54 million to 385 recipients during the<br />

year, of which £3.18 million was awarded to 198<br />

means tested recipients<br />

Our programme is building year on year…<br />

This year the <strong>Shrewsbury</strong> <strong>School</strong> <strong>Foundation</strong> has maintained the number of Means Tested Bursary recipients it has supported at 27.<br />

Overall, we have also increased Scholarship and Bursary awards and increased the funding of Means Tested Bursaries.<br />

Our definition of ‘Transformative Means Tested Bursaries’ is those which enable young people requiring 75% — 110% remission of fees to attend the <strong>School</strong>.<br />

It costs £1 million to endow a Transformative Means Tested Bursary, providing the opportunity of <strong>Shrewsbury</strong>: For Life, in perpetuity.<br />

We are progressing with confidence toward the <strong>School</strong>’s commitment to meet its strategic objective of increasing the number of Transformative Means Tested<br />

Bursary recipients to a target of 40 pupils annually by 2030.<br />

19<br />

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