Alumni and friends will ride 96 miles or 96 km in recognition of 96 years since the founding of Alliance High School. The goal is to raise awareness about the US-based AHS Endowment Fund and seek support from alumni and well-wishers.
Where: Rides can be done anywhere alumni and well-wishers are based.
For US-based Alumni, J. Sitati, class of 95, will host folks for an afternoon of socialization after a trail ride on the Des Plaines River Trail(Northwest suburbs of Chicago).
Quick Facts about AHSEF Founded in 2014 with $20k seed capital. As of 2021, Quarter 4, we are managing
$79,788.28(approx Ksh 9.2 million)in the Academic Scholarship Endowment Fund
$41,422.74(approx Ksh 4.7million)in the Sports Endowment Fund
$121,211.02 (approx Ksh 14 million)in total in AHSEF Funds.
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.
The 2021 Q1 end of quarter fund balances are as follows.
$71,830.22 in the Academic Scholarship Endowment Fund
$39,141.08 in the Sports Endowment Fund
$110,971.30 in total in AHSEF Funds
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
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.
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:
Our disbursements are dependent on the income earned by the fund. In order to have a sustainable model we distribute 4% of the fund’s average market value over the previous 12 quarters. The rolling average market value over the previous 12 quarters is used in order to reduce the impact of variations in donor gift giving levels and market volatility on the fund’s market value. You can read more on our website - www.ahsef.org
In order to be in compliance with state and federal authorities, whatever we disburse has to go directly into student life at AHS.
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
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
Wambugu Ambrose
Troon Amiani
Kingori Dennis
The AHSEF Board welcomed 2 new directors, Miano Njoka and Kenneth Muchina, and some of the existing directors transitioned to new roles
Jacob Sitati(Class of 1995) - President
Tanvir Sharif(Class of 1994) - Treasurer
Miano Njoka(Class of 2003) - Secretary
Kenneth Muchina(Class of 1994) - Director
Martin Mbaya(Class of 1994) - Director
Emmanuel Kitonyo(Class of 1994) - Director
The Board would like to thank Okomboli Ong’ang’a for his service on the Board.
Two key goals for the year:
Thinking through the merit scholarship component of thel fund and how to implement it. The model originally envisioned by the founders was based on their US experience and now is a good time to review the model.
Encouraging Alumni contribution. How to keep alumni engaged and committed to supporting the fund.
