Raine's School Foundation
(Registered Charity number 312706)
Henry Raine was a wealthy brewer from Wapping; he was a pious Churchman, highly respected in the community. In 1719, Henry Raine founded Raine's Foundation School to provide an education for local poor children (50 boys and 50 girls).
When Henry Raine died in 1738, he left in his Will a large bequest to the boys and girls schools he had founded during his lifetime. Initially the funds were overseen by the School's Board of Control. Eventually the administration of Henry Raine's legacy moved to an independent body known as Raine's School Foundation (the Trust). The Trust is a registered charity which reports annually to The Charity Commission (www.charitycommission.gov.uk ).
The registered purpose of the Trust is "to provide financial assistance to pupils and former pupils of Raine's Foundation School, who in the opinion of the Trustees, would benefit by enabling them to continue with their education."
Historically the Trust gave a dowry of 100 guineas each year to one of the young ladies from the School; this would be worth many thousands of pounds today. The award was decided by a draw and those eligible would put their hand into a canister and pull out a bead; whoever drew out the white bead would receive the dowry. Whilst the canister is still in the possession of the School, the practice stopped in the early 20th century.
Today the Trust supports ex- students of Raine's Foundation School in times of hardship and makes small, individual grants to help them.
However, perhaps the most important function of the Trust is the Bursaries given annually to students who go on to further education. The student must have been a full-time pupil at Raine's for at least two years. Sums awarded may vary depending on the course and on whether the student continues to live at home or moves away to study. Amounts awarded also depend on investment conditions and the number of successful applicants that year.
The closing date for all applications is 31st October. Applications made after this date will not be considered, but this does not stop students applying agin the following year
For initial applications, i.e. going onto Further Education for the first year, a teacher's reference is required and will be obtained directly from the last School attended.
Bursaries in the first year are a lower sum than for subsequent years as it is unfortunately more likely that students will drop out of their studies during that time.
Bursaries are announced in November once all applications have been assessed.
Bursaries are paid directly into your bank account. If you are successful, you will be asked for these details.
If successful, you may be entitled to future awards as you progress through your course. To support any furtherawards, you will need to provide annual confirmation, from the Course provider, that you are continuing with your studies.
If you have any questions about the Raine's School Foundation or its work in supporting the School please do not hesitate to contact us on: email@example.com