A century ago, the visionary founders of Parktown High school for Girls established a non-profit association to bolster the school’s interests, aptly named the ‘Parktown Girls High School Sports Club.’ As we embrace the next 100 years of Parktown Girls, we have updated the Sports Club Constitution to expand its focus beyond sports and transform it into an endowment fund. Consequently, the association has been rebranded as the Parktown Girls’ Legacy Fund. The Parktown Girls’ Legacy Fund has received approval from SARS as a Public Benefit Organization (PBO number 930040358), granting it tax-exempt status. Additionally, the fund has been awarded Section 18A status under the Income Tax Act, allowing donations to the Legacy Fund to be tax-deductible for donors. For all contributions, the Legacy Fund will issue Section 18A certificates.
The Parktown Girls’ Legacy Fund includes all members of the School Governing Body, such as the headmistress, educator members, parent members, learner members, and the school’s deputy principals. The Legacy Fund maintains financial records throughout the year, which are audited annually to ensure transparency and accountability. As the number of fee-exempt students rises and state subsidies decrease, we recognise the importance of the Legacy Fund in supporting future generations of Parktown Girls and maintaining and enhancing our school’s infrastructure. This vital resource enables us to continue providing high-quality education to a diverse group of learners while upholding academic excellence within an inclusive, stimulating, and nurturing environment.
