Paraparaumu RSA Memorial Scholarship Trust
Believed to be one of only a very small handful of RSA club trusts providing a regular helping hand to their local colleges, the Paraparaumu RSA Memorial Scholarship Trust has just celebrated its 25th anniversary this month.
The Trust was established and incorporated in 1993 by way of a $20,000 gift from the Paraparaumu RSA to the Trust Board, for the purpose of providing a grant to a student from each local college for on-going tertiary education. The original trustees were Ben New and Wes Allott of the Paraparaumu RSA and the then principals of Kapiti and Paraparaumu Colleges, K Macnamara and R Campbell.
The trustees have changed along with the appointment of new principals at each of the colleges and changes of personnel at the RSA, including the long serving RSA Past President Morrie Bassick.
The current trustees are Warren Maguire and Chris Turver (both from Paraparaumu RSA), Tony Kane (Kapiti College) and Craig Steed (Paraparaumu College).
For the first thirteen years after inception, grants of $1,000 annually to each college were sustained by interest from the trusts capital. But this needed an injection of additional RSA money following the Global Financial Crisis in 2007 which wiped out the bulk of the trusts capital funds. Further pressure upon the trust was incurred when the local RSA became unable to continue its support because of cash-flow issues, and for a brief period grants halved.
With the amalgamation of the Paraparaumu RSA and the Kapiti Club into Club Vista we have seen a turnaround in the Trusts fortunes. With increased raffle income streams and a strong commitment to the Trust as a community project worthy of support, Club Vista and the Paraparaumu RSA have helped the trustees build the annual grants to two grants of $1,000 to each college. The doubling of grants enables students to be supported in both academic and vocational fields.
Since 1993 the accumulated contribution of grants totalling $50,000 has supported fifty two students over the past twenty five years.
The willingness of good people to serve as trustees, plus the excellent co-operation between the Scholarship Trust, Club Vista and the colleges means that the Trust will be well served to continue into the future.