Hugh Jarse
Rocky Elsom (76)
With approx 1500 students paying approx $28k total revenue from fees is approx $42m.
Missing out on 12 (approx) lots of fees due to scholarship/bursary/fee relief = approx $350k
or approx 0.8% of revenue.
If this is written of as "advertising" the benefits of a Kings Education, then that doesn't seem to be such a large figure.
Given results from the TKS Rugby programme this year, it could be considered that they may not have spent their "advertising" money in this particular campaign particularly wisely. That is their business decision to make. There is no law against running advertising campaigns poorly.
Other posters have considered this as charity money. Again the decision to forgo revenue as part of a charitable mission is for the School and its Board to make.
I think the email from TKS Headmaster was part of a campaign from ALL schools. Many parents not at TKS, received similar from their Principals/School Heads yesterday.
Missing out on 12 (approx) lots of fees due to scholarship/bursary/fee relief = approx $350k
or approx 0.8% of revenue.
If this is written of as "advertising" the benefits of a Kings Education, then that doesn't seem to be such a large figure.
Given results from the TKS Rugby programme this year, it could be considered that they may not have spent their "advertising" money in this particular campaign particularly wisely. That is their business decision to make. There is no law against running advertising campaigns poorly.
Other posters have considered this as charity money. Again the decision to forgo revenue as part of a charitable mission is for the School and its Board to make.
I think the email from TKS Headmaster was part of a campaign from ALL schools. Many parents not at TKS, received similar from their Principals/School Heads yesterday.