Carlos Reed Scholarship for Otangarei Student
Posted on: 17/12/18
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 three 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.