Martin De Ruyter/Stuff
Principal of Clifton Terrace School, Rob Wemyss, says the school is struggling to pay for things like support staff and heating as its Government funding drops and costs rise. The school has launched an endowment fund to invest some of its fundraising and donations, to try to make the money “last”.
A primary school struggling to make ends meet as its funding drops and costs spiral has set up an endowment fund.
Clifton Terrace School in Nelson announced the fund on Thursday night at a community launch it hoped would “set the ball rolling” for donations.
Principal Rob Wemyss said “high decile” schools were finding it increasingly difficult to fund things like classroom supplies and support staff.
The school in the suburb of Atawhai still couldn’t opt into the Government’s donations scheme, which meant the school lost out on about $45,000 dollars a year, he said.
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