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Why is fundraising necessary?

We are often asked particular questions about the Eunice Science & Resource Centre Capital Campaign, some of which are listed below.

 

Please contact us if you would like to learn more. 

 

 

Q: How is the new Eunice Science and Resource Centre being funded?

A: This ambitious project has cost $8 million. After applying the $650,000 in Government support, it will leave a balance of $7,350,000 which will need to be met by the School and the wider community.

 

 

Q: Where does the income from the School fees go?

A: Below is a break up of budgeted income and expenses for the calendar year 2010.

 

Q: Does St Margaret's receive government funding?

A: Yes, it does receive government funding.  However, this is generally based on the postcodes of School parents' home addresses. As a result, St Margaret's is deemed by the Federal Government to have a high socio-economic status (SES), and is therefore entitled to far less government funding than most other schools, irrespective of the fact that our students are located across a much broader geographic footprint within Brisbane and Australia, and come from families of widely varying financial situations.

Despite the reality of the situation, where some of our families are making significant financial sacrifices to provide their daughters with a high quality education, St Margaret's receives only $2,724 per primary student and only $3,460 per secondary student in government funding each year. This represents 32.5% of the Federal Government's estimate of the cost of educating a student at a government or state school (applying the Australian Government School Recurrent Costs index), and falls well below the highest amount donated to other schools in Brisbane. The highest proportion of Federal funding received by a Brisbane school is 85%.

 

 

Q: What is the long-term outlook for government funding?

A: The government funding imbalance will in all probability become even more marked over future years, and increases the School's reliance on the Foundation, P&F Association and the financial support of the wider St Margaret's community as the primary source of much needed funds to support our long-term building program.

 

 

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