The Xavier College Foundation was established in 1978. It is a company limited by guarantee and the reasons for its existence today are identical to when it was set up nearly 30 years ago.

The Foundation exists solely to ensure Xavier's on-going viability as a Jesuit school and it does that by providing financial resources to the College to offset the impact of rising costs of education and dwindling Government grants.

Over the years of its existence the Foundation has, as a result of the generosity of its many donors, provided many millions of dollars to Xavier (in the form of cash disbursements, bequests and other gifts) which have enabled the College to consolidate and develop further the many wonderful things we have inherited from the generations of Xavier supporters who have preceded us.

The Foundation has a number of different funds which serve a variety of purposes.

The Endowment Fund is a large income-earning fund which contains the corpus of monies derived from bequests and other donations which are invested with various fund mangers and supervised by the Foundation's Finance Committee. Monies from the Endowment Fund are disbursed to Xavier every year to fund capital developments, scholarships and other initiatives.

The Foundation's Building Fund is a fund to which any supporters of the school can contribute fully tax-deductible donations. Contributions to this fund have assisted the construction of many new initiatives over the years, including the new Science complex and Performing Arts Centre which will open in 2008.