Wah Yan One Family

Historic Fund Raising Drive
The biggest fund raising exercise in the history of the Wah Yan Colleges is underway! We are counting on your support!

As indicated in the our April 2007 newsletter, the Foundation is working closely together with Rev. A.J. Deignan and the schools to push for split class education. Subsequently, the discussion has involved the inclusion of teachersˇ enhancement programs; and whole person and character building education for the future Wahyanites.

The teachersˇ enhancement programs will involve selecting teachers to be sent for educational trainings and attendance at workshops, either locally or overseas. We firmly believe that by providing an opportunity of growth to these teachers, they will in turn enrich the students who will be under their care and guidance.

Wah Yan Colleges, over the years, has educated us not only in the academic field, rather, we are who we are today, because of the values and character that was instilled in us by the teachers and the schools, who have guided us over our formation years. Thus, a series of extra curricular programs are being developed to carry on this great tradition of Wah Yan Colleges. Rev. Fr. Deignan had aptly described, "We want to make our education in Wah Yan not only one of excellence in developing studentsˇ knowledge, but also one of excellence in developing studentsˇ character and values."

To realize our dream for Wah Yanˇs future, massive funding will be required. The schools have worked out an annual budget of approximately HK$6.8 million for all the programs to be in place. This is a tall order, given the limited resources of the Foundation! We have considered various exercises to raise funds annually to meet these expenses, however, it will be a risky proposition. For the Foundation, it will be an unacceptable scenario for us to launch these programs for a few years, and let all the efforts and good work go to waste, if and when possible funds and donations dwindle. Therefore, a sensible solution will be that enough funds be raised and set aside for safe and secure investments, whereby the returns from these investments will be utilized for the continuous pursuit of our dreams for Wah Yanˇs Future.

Thus, we are launching the biggest fund raising in our schoolsˇ history. This may even be the biggest in the history of the education field in Hong Kong. We are setting a target of HK$100 million! A fund raising committee had been formed, with Rev. A.J. Deignan as Chairman of the committee. Series of fund raising events has been planned: including Concerts, walkathon, Grand Dinner Ball, movie gala premiere, golf day, and credit card affiliations are in the process. All avenues for sourcing money for our Alma Mater are considered. In fact, many alumni are in fact working feverishly on various campaigns NOW.

We need your help, we need your donation, in fact we are counting on it! It is time for us, you, me, and all Wahyanites to stand up and be counted. The opportunity for us to say ¨Thank you, Wah Yan, for what you had done for me〃 is here!

FAQ

1.	What is the purpose and goal of the Fund Raising?
	To make both Wah Yan Colleges the best education centres for future Wahyanites; and to develop them as future pillars of society in Hong Kong.
2.	What is the target or goal of the fund raising drive?
	100 million Hong Kong Dollars.
3.	Why is such a high target of HK$100 million set?
	The initial estimate to implement the various projects is HK$6.8 millions per annum. To ensure that these programs will be carried out on a continuous basis, without interruption to the studies of the students, HK$100 million will be required for investment. Returns on investment of the said HK$100 million will then be used to fund the various projects.
4.	What programs will be funded and when will these programs be launched?
	Initial programs will involve: a. Split Class Education to create an environment for interactive learning. Tentative subjects and classes will be English, Chinese languages and Mathematics for Form 1- Form 3 classes. b. Whole person & character development for students. Sub programs will involves English builder programs and extra curricular activities and services to the community. c. Teachers Formation programs to provide scholarship for teachers to attend local & overseas workshop and teaching enhancement studies. d. Other worthwhile programs that are brought to the Foundation & the schoolsˇ attention will also be considered Launch date of all programs will be September 2008.
5.	Where should the donation be delivered?
	All donations are welcomed and should be addressed to: The Wah Yan One Family Foundation, c/o Wah Yan College, Hong Kong, 281, Queenˇs Road East, Hong Kong OR c/o Wan Yan College, Kowloon, 56, Waterloo Road, Kowloon.
6.	Are donations to this worthy cause tax exempt?
	The Wah Yan One Family Foundation is registered as a charitable organization under the Hong Kong Inland Revenue Ordinance and all contributions and donations to the Foundation will qualify for tax exemption.
7.	Who will manage the donations and oversee their distribution?
	The Board of directors of The Foundation will be charged with the aforementioned duties. In the meantime, The Foundation is undergoing structural reform. Ultimately, the Jesuits Society HK together with schools will have majority seats on the Board. Other board members will include the presiding presidents of PSA of both schools, and members of the Foundation.
8.	How will the principal sum be handled?
	An investment committee will be formed to invest the principal in a secure and cautious manner. This serves to safeguard the principal amount, while ensuring that returns from the investment will be generated to fund all necessary programs.
9.	What is the requirement for becoming a member of the Foundation?
	Membership is opened to all Wahyanites subject to the approval of the Board.
10.	Will The Foundation oversee the implementation of the various programs?
	No, funds for the various programs will be allocated by the Board of the Foundation to both schools. The implementation and execution of various projects will be carried out by the respective school management boards.
11.	Will The Foundation continue to raise fund?
	Yes, if Wah Yan Colleges are in need of funds for any worthy reasons. The Foundation will continue to conduct fund raising campaigns to meet various future needs of the Wah Yan Colleges.
12.	Will there be progress report on the various programs?
	Yes, reports of the activities of various programs and the annual reports of the Foundation will be posted on the website.