It’s not about your past, it’s about your potential.
By providing support to families facing financial constraints, the school not only opens its doors to a wider range of talents but also affirms itself as a place of opportunity. The MCS family is enriched by the presence of pupils from every part of our community and is truly reflective of the diverse city of Oxford.
It is by being true to our past that we secure our future path.
In 2019 the Governors set out a bold ambition to build an endowment of £15 million by 2030 – the 550th anniversary of the School’s founding. The figure chosen represents the capital sum needed to secure in perpetuity the fee assistance given at that time.
Each year around 10% of pupils in the Senior School are given financial support, that is around 75 to 80 pupils who have some help with fees.
With the levying of VAT on school fees, and the end to business rate tax relief, the school faces considerable financial headwinds. However supporting bursaries remains our enduring strategic priority and the need for fundraising is more neccessary than ever.
Bursaries transform lives and maintain the diversity of background, experience and perspective that makes MCS all it is. Discover the impact of bursaries on our Bursary Stories page.
Thanks to the generosity of our donors, our bursary endowment has just passed £9 million. This means ten pupils each year are being funded on the interest from the endowment alone. Read more about our fundraising ambitions and how donations are used in the latest edition of our Impact Report.
Our bursary fund is managed by Oxford University Endowment Management, renowned for their expertise in endowment management. The aim of the fund is to preserve the real value of the endowment whilst it generates a sustainable return that the school spends on bursaries.
I feel a real sense of responsibility to this community. I have benefitted and need to pay it forward to the next generation
Matthew Brockman, OW 1989
We are grateful to all our donors, every gift gets us closer to our target.
Make a gift to support bursaries
Gifts towards our endowment fund are the focus of the 1480 Society which recognises the highest level of regular giving
Those donors who choose to leave MCS a gift in their will are recognised through the Bob Stanier Legacy Society
Our Bursary Benefactors are those who wish to endow a bursary in perpetuity through the gift of a capital sum of £450,000. Please email Susie Baker, Director of the Waynflete Office to discuss this in more detail.
Below you will find more about our bursary programme including the stories of a number of our bursary pupils.
Those donors who make a gift of £1 million to the endowment are honoured as Modern Founders. Marking the way that they have permanently established the provision of pupil places will become part of the school calendar, just as the Benefactors’ Prayer acts as a reminder of past donors at this level each year at Commem.
We will discuss with each Modern Founder how to recognise their transformational generosity through our existing school traditions on Commemoration Day, our new Founders’ Day, and in ways appropriate to MCS in its next 500 years. Each founder will be celebrated in our Endowment Book through an illuminated letter by a commissioned artist.
Modern Founder
Leo Goldschmidt (1932-2022)
Leo supported bursaries at MCS throughout his lifetime and his gifts to the endowment fund exceeded £1 million. To recognise his generosity and role in the modern history of MCS, he was named as our first Modern Founder. On a visit to MCS in 2017 Leo remarked: “I made my contribution out of gratitude, not only to MCS but also to the British Government which, at the height of the War, still made it possible for a foreign and penniless refugee family to send their ten-year-old son to such a remarkable educational institution”.
Modern Founder
A gift left through the estate of OW Graham Pye who, with his wife Yvonne, was a great champion of the School, has been a major step towards our £15 million goal. Graham died in 2009, and Yvonne in 2021. Both were keen supporters of the School, as were Graham’s parents.
Modern Founder
Yvonne Pye, pictured here with the Master for the ‘topping out’ ceremony for the new Sixth Form Centre. Today’s pupils will know the names of Graham and Yvonne from the naming
of the Sixth Form Common Room in recognition of their generosity. Two pupils started at MCS in September 2022 as a result of the financial assistance made possible by the generosity of Graham and Yvonne.