Carlos Reed was the first principal of Otangarei Primary School. Passing away in 2005, Reed left The Carlos Reed Fund as a legacy for students. Northland Foundation uses the fund to support a student to attend boarding school.
Funds totalling $100,000 from Mr Reed’s estate have been invested, developed and grown since 2005 which enables interest to be released as scholarships every five years.
The total balance of the fund has now increased from its original value by over 50% to $158,680 under the management of Craigs Investment Partners.
Otangarei 12 year old Teru Carrington-Bartlett has been awarded this year’s scholarship, valued at $10,000. The scholarship earns Teru five years of boarding school at Epsom Girls Grammar School where she will commence year 9 in 2019.
Teru was one of the stars of the December 13 prizegiving at Te Kura o Otangarei / Otangarei Primary School. On top of the high school scholarship, Teru was named I Have a Dream Foundation Dreamer of the Year, and received awards for Exceptional Qualities in Te Reo Maori me nga Tikanga, the Year 8 Academic Award and another award for contributions to music and dance.
Anyone wishing to establish an endowment fund which can be grown and regularly disbursed to community projects should contact the Northland Foundation.
