What is the KCDTF?
The Kingston College Development Trust Fund (KCDTF) was launched on 16 th April 1986 with the primary purpose of garnering funds to support the development of Jamaica’s premier all-boys high school, Kingston College. The principal goal is the establishment of an inviolate capital fund, the income from which is used to assist the school in various areas. The Fund was incorporated in Jamaica in 1987 under the Companies Act as a a limited liability company (limited by guarantee) and not having a share capital. The company is also registered under the Charities Act 2013 as an Approved Charitable Organisation so that donations to the Fund are tax deductible.
The Trust Fund was established by a collaborative effort of the school Kingston College (KC), the Kingston College Parent Teachers Association (KCPTA) and the Kingston College Old Boys’ Association (KCOBA) and these entities along with KCOBA USA Inc. (the incorporated New York Chapter of the KCOBA) are the current corporate members that are represented at the general meetings of the Trust.
Structure of the KCDTF
The Chairman of the school’s board of management, the principal of the school and the presidents of the KCPTA and KCOBA are ex officio directors of the Fund. The other directors are elected by the members in general meetings to serve for a maximum of three years when they can opt for re-election on a rotated basis; that is, each year on a rotating basis one 3rd of the elected directors must retire but may offer themselves for re-election by the members. The Directors are responsible for the management of the business of the KCDTF and they elect the Chairman who presides at their meetings and at the general meetings of the members of the Trust.
Functions of the Fund
There are 2 main components to the Trust Fund
1. The Capital Fund which is the inviolate principal sum that is invested to provide income to fund projects and
2. The School Development Fund which consists of the funds set aside to be used on the school’s approved development projects
The main objectives of the Fund are to grow its capital sum, protect the assets of the Fund and to ensure that the school receives maximum possible benefit from the contributions made by The Fund. The Trust Fund is not involved in the school’s management and is a passive participant in the determination of the projects to be funded at the school. The school submits a request to the Trust for assistance and subject to the available resources and the feasibility the Trust will approve the request and grant the funds.
The Fund THEN and NOW
At the time that the Fund was launched in 1986 the aim was to establish a $1 million capital fund and use the income from this to support the development of the school. However following the passage of hurricane Gilbert in 1988 the Fund lapsed into inactivity. It remained dormant for a number of years but was revitalized in 1997 with a stated goal of J$20 million by the end of 2000.
Today the Fund’s Capital Sum is in excess of $84 million. The investment income from this capital is used by the directors to pay the expenses of the Trust, fund development projects at the school and, if approved by the members, contribute to boosting the Capital Sum.
Since 2002 the Fund has been making annual contributions to the school while at the same time trying to grow the Capital Fund. To date disbursements by the Fund in support of the school exceeds $83 million.
Donating to the Fund
Outside of its investment activites, the KCDTF raise funds through donations and contributions from individuals and organizations and through the school, the KCPTA and the various chapters of KCOBA.
Donations received are generally applied to growing the Capital Fund which is the inviolate sum that is invested. Gains from this fund are transferred to the Development Fund.
However donors can also opt to contribute directly to the Development Fund for projects currently being undertaken at the school.
Since inception donations to the Capital Fund up to 2020 December 31 have totaled $46 Million. In addition, donations to the School Development Fund received for specific projects at the school have totaled $90 Million
Options for Donating
(1) By direct deposit to the KCDTF Scotiabank (BNS Ja.Ltd.) accounts as follows:
JMD donations to account #50765000009429
USD donations to account #80135000853956
(2) Online using the following links:
(3) By cheque or money order made payable to "The K.C.D.T.F." and mailed to
The Treasurer,
The Kingston College Development Trust Fund
P.O. Box 9073
C.S.O., Kingston
The Trust Fund will acknowledge each donation received and provide the donor with a receipt. Donors should threfore provide their contact information when making the donation or they can email kcdtfsecretariat@gmail.com with the information
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