AHSEF 2021 Q1 Updates

The Sports Endowment fund provided $2,000 to upgrade the volleyball courts. The Academic Endowment fund did not disburse any money due to the disruption caused by the pandemic.

The AHSEF fund has had a rate of return of 6.7% since its inception in 2014 as shown below.

Fund performance

The 2021 Q1 end of quarter fund balances are as follows.

The full 2020 Q1 Vanguard statement is available at link

Gift checks can be sent directly to Vanguard at the address below. They should be made payable to: AHSEF, Fund # 724, Account # 88080604891

Vanguard, 455 Devon Park Drive, Wayne, PA 19087-1815

Gifts can also be sent through Paypal using the link below. Please note Paypal charges a 2.2% transaction fee. Paypal

Tanvir Sharif,
Livingstone, 1994,
AHSEF Treasurer,
treasurer@ahsef.org,
http://www.ahsef.org.

AHSEF 2020 Q4 Updates

The 2020 Q4 end of quarter fund balances are as follows.

We have hit the $100k milestone thanks to all our supporters! :-)

The full 2020 Q4 Vanguard statement is available at link

Gift checks can be sent directly to Vanguard at the address below. They should be made payable to: AHSEF, Fund # 724, Account # 88080604891

Vanguard, 455 Devon Park Drive, Wayne, PA 19087-1815

Gifts can also be sent through Paypal using the link below. Please note Paypal charges a 2.2% transaction fee. Paypal Link

Tanvir Sharif,
Livingstone, 1994,
AHSEF Treasurer,
treasurer@ahsef.org,
http://www.ahsef.org

2020 Note To Supporters

The Alliance High School Endowment Fund achieved an important milestone this year, it crossed $100,000 / Ksh 11,142,166 in endowed funds. Thank you very much for the support, without all of your contributions it would not have been possible to achieve this.

In 2020, the AHSEF Board awarded 3 scholarships worth Kshs 50,000 each to the following students, Wambugu Ambrose, Troon Amiani and Kingori Dennis. The board will be awarding $1800 / Ksh 200,522 in academic merit scholarships and contributing $1200 / Ksh 133, 698 towards refurbishment of the volleyball courts next year.

The board is also working on awarding need-based scholarships to students given that there are a number of students who are not able to meet the cost of attending Alliance High School.

If you would like to contribute to the fund, you can do so through cheque, payroll deduction or Paypal. See this page for the details.

Happy holidays!

Miano Njoka, Smith 20B, Secretary AHSEF.
Tanvir Sharif, Livingstone 1, Treasurer, AHSEF.
Jacob Sitati, Grieve 14B, President, AHSEF.

Request for feedback

The Alliance High School Endowment Fund, which, is wholly funded by alumni contributions is approaching a milestone of $100,000 invested at Vanguard. We are currently at $99,516.64 / KShs 10,777,429. Since 2015 we have done $2,000 / KShs 216,000 in sports disbursements (hockey, rugby and volleyball) and awarded $13,400 / KShs 1,4451,190 in merit scholarships to 26 students.

We have used a simple approach to award the scholarships - merit. However, we are now thinking of other ways we can contribute towards student life in general and academic success. We are conscious of the fact that our template for AHSEF was based on our experiences here in the US through our Colleges and Universities. So, we are soliciting ideas that we can consider that will enable us to continue supporting student success.

A few points to keep in mind as you think about this:

If you have any suggestions on how we can impact student life at AHS in a meaningful and sustainable way, please send your suggestions to comments@ahsef.org

Asante!

OBC 2019/2020 Annual Report

The US based Alliance High School Endowment Fund had KShs 6.4M in the Academic Scholarship Fund and KShs 3.7M in Sports Fund as of 15th August 2020 for a total of KShs 10.0M in endowment funds.

In 2020, the AHSEF Board awarded 3 scholarships of KShs. 50,000 each to the following students

The AHSEF Board welcomed 2 new directors, Miano Njoka and Kenneth Muchina, and some of the existing directors transitioned to new roles

The Board would like to thank Okomboli Ong’ang’a for his service on the Board.

Two key goals for the year: