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Waitaki Boys' High School Foundation was established in 1991 to bring together Old Boys and Friends of the School to work for the advancement of the School.

The Foundation was initiated by the School itself, its Board of Trustees, Rector, and Staff and has been financially supported by each in its establishment. It is strongly supported by the Old Boys' Association the School's Community Association, and the Boarders Parents Committee, who were all involved in planning for its establishment.

The Foundation is designed to generate funds to meet the immediate and longer-term special needs of Waitaki in a competitive School environment, and to capitalise on the opportunities that this has provided for the School.

The Foundation is a Charitable Trust set up as a perpetual endowment fund, with tax exempt status for all income. Gifts to the Foundation are tax deductible as permitted by New Zealand Inland Revenue rules from time to time.

The capital of the Foundation is invested with ongoing professional advice to achieve a good balance between income and capital growth and one half of the income in each year must generally be reinvested to ensure the capital growth of the fund is maintained in perpetuity. The balance of income is donated to the School for use in areas where financial help best assists the School's progress.

The Foundation is assisting the School in a significant way to achieve financial independence and security and with those advantages, to proceed with ongoing and substantial improvements to the school. The Foundation provides supplementary funding to achieve these broad objectives.

The current New Zealand educational environment is one of competition, local autonomy, and greater choice. This has provided the opportunity for Waitaki to reclaim its independence and its heritage. The Foundation has been a bold approach to achieving greater freedoms and opportunities for Waitaki.

Membership is open to individuals, families, groups, organisations and companies who qualify by making a contribution at one of three levels:

Donations to the Foundation qualify as charitable for taxation purposes within the limitations imposed by taxation legislation.

While the Foundation would prefer to receive unencumbered contributions, it is appreciated that some members may wish their gift to benefit some particular development of the School.

Application for membership should be made on the prescribed application form. Contributions that qualify for the required level of membership are flexible and varied to suit the convenience of the applicants. They include:

• An outright gift of cash or realisable assets
• A gift of cash or realisable assets spread over a period of 5 years
• A bequest to the School Foundation
• Deferred gifts of real or personal property
• Transfer of life insurance policies, shares, debentures, property or assignment of income
• A combination of any of the above

Permanent recognition is given to members by acknowledgement on an Honours Board in the School main entry area, where the School's history and treasures are displayed.

Contact: Graham Mills, grahamm@waitakibhs.schoolzone.net.nz 

The operations and activities of the Foundation are controlled under its Constitution by a Board of Directors.

All members of the Foundation are eligible to stand for election to the Board, which comprises:

• All Governors who wish to take a seat on the Board
• Five Exemplars elected by the Exemplars
• Two Fellows elected by the Fellows