THE GRIFFIN MEMORIAL TRUST ENDOWMENT FUND (GMET) |
Of our approximately 1000 boys, 70% rely upon Starehe for food, accommodation, health and educational needs. For this purpose, the Dr. Griffin Memorial Endowment Trust Fund was established by the Managing Committee in June 2009 in commemoration of Dr. Geoffrey Griffin’s good work in Kenya and to ensure that the future of Starehe is secured.. This came to fruition in June 2009 when the President presided over the event at the Nairobi’s State House grounds.
An endowment is an amount of money that is put in a bank account, so that interest accruing from it can be withdrawn to carter for a boy’s needs in school throughout the four years of st GMET will invest the funds raised .The income that accrues from those investments will be used to pay for the education and care of boys at Starehe. The capital sum will never be used hence ensuring sustainability; an endowment is perpetual. It costs Kshs 1,000,000 to place an endowment for a boy for the four years. GMET’s main target is to create endowments, so that Starehe can always care and provide for needy children. STAREHE UK For hundreds of disadvantaged young Kenyans, a free place at the Starehe schools in Nairobi represents a passport out, of poverty and has already reversed the impact of poverty for over 12,000 children in Kenya. |