Chairman's Report - 2019

It is a pleasure to write to you with news of the Kennedy Memorial Trust’s activities over the past year. Our alumni community is a vital source of energy, engagement, and continuity, and it was wonderful to connect with so many of you at our events, including Peter Hennessy’s lecture last November, and our summer reception in July, held at the new US Embassy and co-hosted for the first time with the Fulbright Commission.

We continue to promote the Scholarship as widely as possible and thereby encourage applications which reflect the diversity of Britain and its academic institutions. You will see from the enclosed biographies that among this year’s group are a number of first generation university students. We were particularly pleased to partner with the Fulbright Commission jointly to fund one individual this year, through a Fulbright programme intended to increase opportunities for students from backgrounds traditionally under-represented in higher education. We hope to continue such collaborations in the future.  

As regards Scholarship costs, our ongoing means-testing of the stipend portion of the award has this year released $96,000. It is still the Trustees’ intention that anyone winning a Kennedy Scholarship can be confident they have the necessary funding to embark upon graduate study at Harvard and MIT. The aim in means-testing is simply to identify those who are able to contribute something towards their living costs. Given that many of our applicants have spent several years in paid employment, it seems a fair question to ask, especially given the larger financial constraints under which we are operating. Our current projections suggest that the Trust’s endowment will be exhausted between 2035 and 2040 without a significant injection of capital. We hope that new funds can be raised from our alumni and friends, and are grateful for all donations, however large or small.

I also want to reiterate my appeal that you continue to encourage potential applicants for the Scholarship through your professional and personal networks. We received 172 applications for 2019-20 Scholarships, selected 25 for interview, and ultimately awarded 11 Scholarships. This remains a strong applicant pool but numbers continue to fall year on year – a drop that is not unique to the Trust, we understand, but still of some concern. 

Further to my thanks last year to the large number of you who expressed an interest in being a trustee, I am delighted to report that No 10 was pleased to appoint former scholars Moira Wallace OBE (Harvard 1983) and Matt Clifford MBE (MIT 2008) early this year. Moira brings extensive experience at the highest levels in the Civil Service and as Provost at Oriel College, Oxford. She is currently a Trustee at Nesta and a Visiting Professor at LSE where she is researching the lessons from UK policy on youth disadvantage. Matt is co-founder of Entrepreneur First – a talent investor which supports individuals in building tech companies and now has offices around the world. 

Looking forward, there are some significant changes on the horizon, most notably, the departure of our long-serving Secretary, Ms Annie Thomas, who will be retiring in March 2020. Annie has been a wonderful presence in the lives of our Kennedy Scholars for the past twelve years, and she will be sorely missed. To find her replacement, we advertised for a Director of the Trust (feeling that title better-expressed the nature of the role) in April and received 140 applications! 

The Trustees were delighted to appoint Dr Emily Charnock. Emily has a BA in PPE from Balliol College, Oxford, an MA in Political Science from the American University in Washington DC, and a PhD in Government from the University of Virginia. She comes to us most recently from the University of Cambridge, where she has held academic posts in the Faculty of History and administrative appointments in the Development Office. She will be working alongside Annie for the next few months and looks forward to meeting as many of you as possible in the near future. She can be reached at emily@kennedytrust.org.uk.

Financial Report 

This past year, the Fund has continued to perform strongly because of its weighting in US equities. At 31st July 2019, it peaked at £15,491,959. The Trustees remain committed to funding at least ten Scholars per year, having determined that a substantial cohort size is important for the success of the Kennedy Scholarships as an educational and cultural exchange – helping to promote ties of fellow feeling among Scholars, as well as sustaining the programme’s visibility, prestige, and appeal in both the UK and US.

For the academic year 2019-20 the Trust has funded eleven Scholars because of the savings generated by the means-testing and a major personal contribution from one individual. One of the eleven is on a fully-funded doctorate at Harvard but will receive financial benefits from the Trust including a travel grant and a funded trip to Washington, DC, as well as membership of their year-group. Where a full scholarship has been awarded, the costs range from £74,000 to £79,000. In total, 541 Kennedy Scholarships have now been awarded since 1966.

The Trust has also continued to award Kennedy Summer Research Scholarships to British doctoral students at Harvard and MIT. Nine such Scholarships, each of $3000, have now been awarded, thus supporting important research and expanding the Kennedy Scholar network.

The Trust’s Report and Accounts can be downloaded from the Charity Commission’s website by entering 234715 or 'Kennedy Memorial Fund' in the 'Charity Search' box.

Fundraising

The Annual Fund was launched in 2011. The Trustees are hugely grateful to those former scholars who have contributed, and continue to contribute, generously to fund existing and future beneficiaries of the Kennedy Memorial Scholarships. Since that time, over £900,000 has been donated or pledged, along with a further $104,000. We acknowledge below those who have made contributions and, in so-doing, are mindful of scholar-donors in the early stages of their careers whose giving is proportionate and equally appreciated. We also note that some major donors wish to remain anonymous and that others have pledged to give indefinitely such that their contribution will be very significant over time. Current projections suggest the Endowment will be exhausted between 2035 and 2040.

- Professor Sir Mark Walport  October 2019


Roll of Donors

The list of names that follows is based on all gifts received by the Kennedy Memorial Trust and includes an acknowledgment of anonymous donors.

We thank you all for your generosity.

1966 
Professor John Allum
Mrs Caroline Arms
Dr Linda Bilheimer
Mr David Forrester
Dr Walter Greaves

1967 
Dr Hilary Beattie

1968
Dr Brendan Horton
Professor Robert Lucas
Dr Robin Petty
Dr Adrian Thomas
Anonymous (2)

1969 
Lady Arden
Mr Charles de Chassiron
Mr Adrian Hancock
Lady Lester of Herne Hill
The Rt Hon William Waldegrave
Anonymous (2)

1970 
Professor John Craven
Mr and Mrs Robert John
Mr Timothy Ridley
Anonymous (1)

1971 
Mr David and Mrs Eveline Speedie
Mr Colin Warren
Anonymous (1)

1972 
Dr Peter Parham
Professor Michael Proctor (in memory of Professor Susan Manning, trustee of the Kennedy Memorial Trust 2004-2013)
Professor Caroline Series
Mr Adrian Waghorn

1973
Mr Malcolm Leytham
Anonymous (1)

1974 
Mr Leslie Kosmin
Dr Charles Lewis
Mr Richard Wohanka
Dr Gordon Woo

1975 
Mr Stephen Locke
Anonymous (1)

1976 
Ms Antonia Bullard
Dr Peter Englander
Mr Christopher Fisher
Anonymous (1)

1977 
Dr Rosalind Altmann
Professor David Edwards
Dr Charles Jonscher
Anonymous (1)

1978 
Dr Jane Armitage
Professor Suzanne Franks
Professor Simon Goldhill
Mr Gordon Marsden
Mr William Wood

1979 
Sir Nicholas Hamblen
Dr Barbara Imperiali
Mr Rudolph Kalveks
Dr Adrian Rossiter
Mr Timothy Sims
Mr Christopher Wyke
Mr Simon Yun-Farmbrough

1980 
Mr Graham Dunning
Professor Hannah Ginsborg
Dr Harry West
Anonymous (1)

1981 
Professor Michael Giles
Professor Susan Gilles
Mr Kenneth MacLean
Professor David Shepherd
Ms Mary Stokes

1982
Mr Richard Davies

1983
Professor Miles Taylor
Ms Moira Wallace
Anonymous (1)

1985 
Mrs Judith Aldersey-Williams
Mr Anthony de Garr Robinson
Mr Richard Moore
Mr Romano Subiotto

1986 
Mr Daniel Alexander
Drs Matthew and Mary Lynn Realff
Mr Philip Rutnam

1987 
Professor Graeme Dinwoodie
Mr Mark Williamson

1988
Dr Sara LaPorta
Mr Mark Roberts

1989
Ms Kate Bingham
Professor Henrietta Harrison
Dr Richard Holme
Ms Zanny Minton Beddoes

1990
The Hon Diana Harding
Mr Rupert Morley

1991 
Ms Charlotte Hogg
Mr and Mrs Frederick von Gottberg

1992 
Mr Nicholas Braden
Ms Stephanie Flanders
Ms Maggie Roe
Dr Mark Urquhart

1993 
Dr Martin Andrews
Anonymous (1)

1994 
Dr Alexander Barnett

1995
Dr Paul de Sa

1996 
Mr Simon Aldridge
Dr Matthew Bidwell
Mr Duncan Woods
Anonymous (1)

1997 
Ms Alix de Mauny
Mr Peter Karanjia
Mr Edmund King

1998 
Mr Samuel Gregory
Mr Giles Edwards

1999
Dr Thomas Karshan
Mr Adeel Mangi
Dr Andrew Sweeting
Ms Harriet Wallace

2000
Mr Hugh Harris
Mr Andrew Horne
Mr Jeremy Kutner
Dr Miratul Muqit

2002 
Ms Sasha Blackmore
Dr Kirsten Everett
Ms Lorna McGregor
Dr Christopher Whitton

2003
Dr Thomas Baranga
Mr Siddarth Dhar

2004 
Ms Amy Rogers
Dr Thomas Barnet-Lamb

2005
Dr Moira Bowdrey
Anonymous (1)

2006
Anonymous (1)

2007
Mr Shashank Joshi
Anonymous (1)

2008
Dr Laura Ralston

2009
Mr Dale Winter
(Anonymous 1)

2012
Ms Adina Roth

2014
Anonymous (1)
 

Scholar Profiles
Robert Crawford, 1976
"The Scholarship was life transforming for me."
Robert Crawford, 1976