May 2021 Volume 17

KC Trust Fund Navigates Covid-19

Dr. Glen Laman
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Like most organizations in Jamaica, The Kingston College Development Trust Fund (KCDTF) has had to make adjustments due to the unprecedented pandemic shutdown caused by the Covid-19 virus. Among other measures, the fund switched to having virtual meetings.

Although it has been a tough year for donations, the KCDTF recently earmarked JA$5 million to the school for Covid-19 related activities.

The fund's chairperson, Reynold Scott, reminds that you can donate funds to the trust fund and designate them specifically for Covid-19 related expenses at Kingston College.

Of course, funds for the Capital Fund are always welcome. These donations are invested by the fund in order to provide for the school's future needs. It is essential to build up the capital fund to ensure that there will be a sustainable source of money in the longer term.

The Board recently took the decision that the Capital Fund is a Long-Term Fund and should have the majority of its investments in equities. Therefore, they increased the proportion of investments in equities from 30% to 70% of the assets backing the Capital Fund.

These additional investments in equities are currently benefitting from the positive gains being experienced by the Jamaica Stock Exchange.

Click here to Donate via PayPal

Do make a donation to KC via the KCDTF:

In Jamaica

Mail check payable to:

Kingston College Development Trust Fund
P.O. Box 9073,
Kingston CSO, Jamaica
Memo: KC Library & Technology Campaign

Drop off Check at:

Registrar's Office
Kingston College
2A North Street
(876) 948-5788

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