Trusts have long been considered the jewel of all legal entities.
The Pretorian Trust is an approved S18A (1) (b) entity and its role is to manage Pretoria Boys' High School's capital and investment needs. It has always been regarded by the Old Boys (the School's biggest benefactors) as the vehicle for any major fund raising activities.
The elected trustees are mandated strictly to operate in the School's best interests; to be adequately conversant in a wide range of legal, administrative, financial and investment matters; and to be unencumbered by conflicts of interest.
Given the confines and restrictions imposed on the School regarding capital formation and the investment of funds, it's particularly desirable that its resources be administered separately. Holding funds 'off balance sheet' enables the Trust to preserve and grow capital while providing beneficiaries with an appropriate income stream into perpetuity.