The Ko Kwai Fun Memorial Fund begins operation

Further to the update in early March, additional donations to the KKF Fund have brought our total to HK$110,600. All the donations have been turned over to BPS by the end of March.

Final details regarding the uses and allocation of the Fund, the implementation schedule, and future reporting to donors are summarized below.

Uses of the Fund

The KKF Fund will be used to promote and support student activities that reflect Kwai Fun’s character and interest, and will be allocated as follows:

(a) $60,000 will be reserved for annual awards in the following subjects:
(i) one award of HK$1,000 for the final year student with best results in the subject of History;
(ii) one award of HK$1,000 for the final year student with best results in the subject of Chinese History; and
(iii) two awards of HK$1,000 each for students in the highest class (S4 in 2009/2010; S5 in 2010/2011, and S6 from 2011/2012 onwards) with best results in the subject of Liberal Studies.

(b) $10,000 will be reserved for one to two annual awards of HK$500 each to students for outstanding community service;

(c) The remaining portion of the KKF Fund (HK$40,600) may be used for:
(i) leadership training for students;
(ii) emergency relief for students in need; and
(iii) other activities to be determined.

Implementation Schedule
The KKF Fund will begin operation immediately and will be applied towards awards for student performance in the current (2009/2010) academic year. Awards in the various categories will be given at the BPS Speech Day ceremony in December each year, starting in 2010. It is anticipated that the KKF Fund will operate for a period of 10-15 years on the basis of the amount of contribution received so far. If funds remain available or if additional funding is received, the KKF Fund may be extended beyond this period, subject to further discussions as necessary between the donors and BPS management at the time.

Reporting
BPS will provide annual reports on the use and status of the KKF Fund in December each year. These will be disseminated to each donor by email or post, with the help of the coordinators of the KKF Fund.

List of Donors
The names of all the donors (as of March 30, 2010) are listed below. An official receipt and a letter of appreciation from the BPS principal are being sent to each donor.

CHAN, Amy
CHAN, Cecelia
CHAN, Meesim
CHAU, Tak Ling (Mrs. Christine Chan)
CHEN, Leung Bing (Mrs. Carol Lee)
CHENG, Rebecca
CHENG, See Ying (Mrs. Irene Chau)
CHIU, Yuen Chu Lolly
CHOW, Sin Ling
CHUNG, Yuen Yee (Mrs. Margaret Po)
FAN, Rosemarie Chung
HO, Irene
HUI, Chun Wah
KWAN, Siu Chi
KWOK, Matilda
KWONG, Julia
LAI, Kam Fong (Mrs. Lisa Heaton)
LAU, Chiu Hing Helen
LEE, Kin Yang Herbert
LEE, Ping Chun Cecilia
LEUNG, Tessie
LO, Hing Yee (Mrs. Grace Kwong)
MA, Lilian
OR, Hedy
PONG, Roland
PUN, Shing Fan
SIN, Chung Yu
SIN, Po Chu
SIU, Alice Po Chun
SUNG, Man Ying (Mrs. Bess Ip)
SZE, Elsie
SZETO, Louella
TAN, Pansy
WAI, Catherine Suk Han
WONG, Hin-Shing
WONG, Pauline
WONG, Pik Chong (Mrs. Agnes Chan)
WONG, Sau Por (Mrs. Patricia Johnson)
WONG, So So (Mrs. Sabrina Wu)
YEUNG, Lucille
YEUNG, Patricia
YU, Fong Ying
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