Many great institutions, like Sherborne, rely on the support of their friends for their long-term development. Indeed, very few of them would exist at all if it were not for the continued generosity of these supporters spanning hundreds of years.
Such support requires a partnership between the institution and the donor which matches the needs and aspirations of both in an atmosphere of mutual trust and respect. At Sherborne, it is felt that this is best achieved if the donors have a voice of their own, a representation within and without the School which will reflect their wishes and preferences. Hence, the Sherborne School Foundation.
The Foundation is a separate registered charity and limited company. Its Trustees are drawn from all sectors of School support, and are major supporters in their own right. As such, they represent the legitimate interests of those who either already are, or who are considering, supporting the School. It is the founding tenet of the Foundation that donors have a right to expect that their views concerning the policies of the School will be respected.
All voluntary income generated by the School or the Foundation is vested in the Foundation. It is then for the Trustees to allocate this income towards development projects suggested by the School, but they only do this having first taken into account the specific wishes of the donor and their assessment of the views of the giving constituency as a whole.
The Foundation primarily supports capital and endowment projects for the benefit and further development of the School, or access to it through scholarships and bursaries. It does not normally support revenue or budget items for which the School should reasonably make adequate provision from fee income.
The Foundation looks to build up its own endowed reserves to the point where it can act proactively to ensure that Sherborne maintains its position at the forefront of independent education.