The St Luke’s College Foundation is a Charity regulated by the Charity Commission under a Scheme sealed on 17 February 1977, Charity Number 306606.
Until the mid -1970s, the Church of England was active in the education and training of teachers. St Luke’s College at Exeter had a long and distinguished record as a teacher training college. When it closed in 1976, the College premises were sold, and the proceeds were applied to endow a new grant-making trust: the St Luke’s College Foundation.
The Foundation is one of a number of similar charities, which had their origin in the closure of church colleges. They are members of the Association of Church College Trusts, of which more details can be found at www.cstg.org.uk .
The Foundation is not a College and it does not provide courses; nor does it engage in fund-raising. The Trustees apply the income arising from the Endowment to fulfil the Object of the charity.
The Trustees have agreed the following policies in order to fulfil the Object:
The Trustees pursue the Object of the Foundation by maintaining the St Luke's Chapel and by making provision for Anglican Chaplaincy at the University of Exeter.
The Trustees consider that within the region there should be a lively, high quality and flexible provision for theological and religious education. The former provides for the needs of those who serve the churches, whether lay or ordained; the latter focuses on religious education in schools and further education and the training of teachers for this.
The Trustees also make Personal Awards to individuals following university-level studies or research in Theology and Religious Education; and make Corporate Awards to universities and similar institutions to enable them to develop or enhance their provision in these fields. These Awards may be granted for up to three years. Please refer to the section on awards for further details of the scope and type of grants made, whether you would be eligible, and how to apply.
The Foundation no longer owns Freehold Property. Its Capital Fund is invested with CCLA Investment Management Limited, in CBF Units. The investment objective is to maximise income whilst seeking appreciation in capital values over the years at least in line with inflation.
The Trustees meet twice yearly. They review policy, receive and respond to reports from their investment advisers, and review financial statements. They allocate grants on the recommendations of a small group of Trustees (the Scrutineers), elected in rotation.
Within the policies laid down, the day to day management of the Foundation is delegated to the Director, to whom all correspondence should be addressed. Please see the Contact section for full details.