The Selwyn House Endowment Fund is used to create all the bursaries awarded each year. Bursaries are created from the interest earned, so the principal of the fund is never touched.
Most donations received are designated to the General Endowment Fund that provides about 75 per cent of the all the bursaries awarded each year. The remaining 25 per cent of the bursaries are from the named funds.
All of Selwyn House's bursaries are needs-based awards and are given out anonymously. Apart from the Bursary Committee and the Business Office, no one else in the school knows that a student is receiving a bursary.