THE ENDOWMENT PROJECT - 2024

2024 New Year Greetings: A Bright Start to Transforming SCOBA's Legacy!

Distinguished Charleans,
As we stand on the threshold of a brand new year, I extend heartfelt New Year greetings to each one of you on behalf of SCOBA. Today, on the 1st of January 2024, we embark on a journey filled with hope, determination, and a shared vision to elevate the legacy of St. Charles Grammar School.

A big thank you to those who paid their annual dues last year; may God replenish your generosity. We kindly appeal to all Stanzas to collect and remit their 2024 annual dues by *February 29, 2024.* Your timely contributions will greatly assist us in preparations for the upcoming Biennial Convention scheduled from June 3 to 9, 2024

Furthermore, in the spirit of fresh beginnings, let's embrace the opportunities that the new year brings and channel our collective energy towards a transformative cause— *the establishment of the SCOBA Endowment Fund.* This fund, envisioned to be a beacon of financial stability and long-term protection, holds the potential to shape the future of our alma mater in profound ways.

We achieve this through working closely with all stakeholders, gaining a thorough understanding of the objectives for the training and then carefully tailoring the training content to fit. The quality of our content is matched by that of our exceptional trainers who combine impressive professional experience with effective training styles. Our prime business objective is to be the preferred training choice for all of the companies and Ministries that work with us and we realise this by delivering exceptional training coupled with dedicated account management. Our continuous growth over the last ten years and our market leading renewal rate are the best indicators of our success in achieving this goal

A Special Message About the N250m SCOBA Endowment Fund

At this pivotal juncture in our alma mater's journey, we extend a passionate call to action. St. Charles Grammar School, Osogbo, has reached a point where intentional enhancements and interventions are needed. This involves exploring opportunities to upgrade infrastructure, seeking alternative funding avenues, and providing support for our current students facing financial challenges. Your involvement in this endeavor is crucial and would be greatly appreciated.

Over the years, the St. Charles Old Boys Association (SCOBA) has initiated numerous projects and received generous donations. However, sustainability remains a challenge, often relying on project-specific fundraising or exhaustive financial drives or individuals and Stanza taking up projects at their descretion. It is with this in mind that we introduce the SCOBA Endowment Fund.

Once again, happy and memorable new year
Humilitas!

Charlean Tade Adekunle
SCOBA Global President

Charlean Sola Oyegbade
Chairman, SCOBA Endowment Funds Committee

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The SCOBA Endowment Fund: A Strategic Vision for the Future:

Our goal is to establish a N250 million Endowment Fund, a strategic, long-term initiative that will provide financial stability and enduring protection for SCOBA. This fund aims to break the cycle of exhaustive fundraising for specific projects, offering a more sustainable long-term solution for the challenges our beloved school faces.

Objectives of the N250m Endowment Fund:

1. Ensuring Long-Term Financial Stability:
Creating a permanent funding source for operational expenses, capital improvements, and critical needs.
2. Supporting Academic Excellence:
Providing scholarships and grants, supporting faculty recruitment, and fostering innovative academic programs.
3. Fostering Community:
Strengthening the bond among current and former students, teachers, and staff through events, networking, and programs that promote values important to our community.
4. Enhancing Facilities and Infrastructure:
Investing in building renovations, technology upgrades, and acquiring new equipment for a more functional learning environment.
5. Ensuring Accessibility and Inclusivity:
Supporting initiatives that promote diversity, equity, and inclusion, and providing financial assistance to students and SCOBA members in need.

How You Can Contribute:

1. Alumni Donations:
Letters have been dispatched to various Branches, Chapters, and Stanzas, specifying a minimum contribution to the Endowment Funds. You may submit your donations through any of these channels or directly to the Endowment Funds account. Please share the payment evidence with your Stanza's Chairman or any member of the SEF Committee.
Please NOTE that all High Networth Charleans (NHCs) who have recieved personalised letters are NOT EXPECTED to route their donations through their Stanzas. Donations in response to the personalised letters should be sent DIRECTLY to the Endowment Funds Committee or through CEC
2. Corporate Sponsorships:
You can identify corporate companies interested in supporting education for potential donations and mutual benefits. Then share the details with any member of the SEF Committee for follow up.
3. Grants:
Share any information about available grants from government agencies, private foundations, and organizations with members of SEF Commitee, so we can file our application to explore such opportunities.
4. Fundraising Events:
Be ready to participate in upcoming SEF events, which may include auctions, galas, or charity walks designed to raise funds and awareness.
5. Planned Giving:
Consider including SCOBA Endowment Fund in your Estate Planning for sustained long-term contributions.
6. Matching Gifts:
You are encouraged to take advantage of matching gift programs from companies supporting educational institutions.

Contact Info:

President: Tade Adekunle - CEC's Global President

Mobile Phone: +234 803 4022 383
Email1: president@scoba.net
Email2: president@charleansworldwide.com

Charlean Sola Oyegbade
Chairman SCOBA Endowement Funds Committee

Mobile Phone: +234 806 2862 746
Email1: endowment-fund@scoba.net
Email2: endowment-fund@charleansworldwide.com

The SEF Committee Committed to Excellence:

Our Endowment Funds Committee, comprised of dedicated alumni and advisers, is entrusted with developing, managing, and growing the fund. Their responsibilities range from fundraising strategies to ensuring transparent and accountable fund management.

How You Can Participate:

1. Donate:
Your financial contributions, no matter the size, will make a significant difference in achieving

N250 million goal

2. Spread the Word:
Share our cause with fellow Charleans, friends, and family to broaden our support base.

Official Launch and Fundraising Strategy: A Global Initiative

Our official launch, overseen by the Endowment Committee, will be a combination of physical and virtual events. Leveraging innovative technology, personalized outreach, and ensuring utmost transparency, we aim to engage Charleans worldwide in raising the Endowment Funds.

Fund Management and Disbursement: A Commitment to Prudence:

The SCOBA Central Executive Council will select a qualified funds manager to oversee the prudent management, investment, and administration of the SCOBA Endowment Funds. Funds will be disbursed judiciously, ensuring they serve the best interests of our school and stakeholders.

Bank Account Details for Donations:

Please find below details of the designated bank account STRICTLY for this initiative.

Bank: Wema Bank: St. Charles Grammar School Oshogbo Old Boys Association

Naira Account Number: - 0124998737

USD Account Number: - 0621389166

EUR Account Number: - 0621389173

GBP Account Number: - 0621389180

Swift Code:WEMANGLA; Sort Code: - 035152033

Let's Secure SCOBA's Legacy Together!

By contributing to the SCOBA Endowment Fund, you're not just investing in our alma mater; you're securing its legacy for future generations. Join us in this noble endeavor, and let's ensure St. Charles Grammar School, Osogbo continues to thrive.