The Maritzburg College and Old Boys’ Memorial Trust (MC&OBMT) is a non-profit entity that enjoys Sec 18(A) status and was set up on 14 May 1964.

Maritzburg College celebrated its 125^th year in 1988 and the Old Boys’ Association (MCOBA) undertook to raise significant funds via the “125^th appeal” and these funds were donated to the MC&OBMT.

About

Purpose of MC & OBMT:

To provide funds for Maritzburg College (“School”)
To provide educational or training facilities for the benefit of the pupils, students or trainees of the school: and to generally promote the interests of the school, including the provisions of bursaries to assist pupils as selected by the Trustees at their sole discretion.

Meetings:

The Trustees meets quarterly to consider Trust matters. A subcommittee of the Trustee forms the Investment Committee which meets quarterly, on alternative dates, with the investment managers to consider the underlying investments of the Trust.

Nature of Business: Investment Holding Trust

Auditors: Moore Midlands Inc

Bankers: First National Bank (FNB) (A Division of FirstRand Bank Limited)

Trust Deed number: IT572/1965/PMB

Trustees consist of:

Headmaster of College (ex-officio)
Senior Deputy Headmaster of College (ex-officio)
President of the MCOBA (ex-officio)
Chairman of the Maritzburg College Governing Body (SGB) (ex-officio)
Two members of the MCOBA, voted in by the MCOBA and to hold office for 3 years
One other person elected, as required, by the unanimous selection of the six aforementioned Trustees and to hold office for 3 years.