Spilsby
Grammar School was founded in 1550 by order of King Edward VI and endowed
by the Willoughby family. The School was funded and administered by Foundation
Governors until various Education Acts finally gave the Local Education
Authority control of both the running of the School and its funding in
1952.
Over its long history various benefactors had made gifts of property and funds to assist with the financing of the School and in 1894 the School became a Registered Charity and a Scheme for the future administration of the School was prepared at that time. This Scheme, with various amendments, was operative until the closure of the King Edward VI Grammar School in 1990.
At this time a New Charter had to be agreed with the Charity Commission for the continuation of the Foundation, which now had considerable assets, including the whole of the Grammar School site and buildings, the swimming pool site, ATC site, some small parcels of land and various prize funds. All of these formed the 'permanent endowment' of the charity and it was agreed the income from these should in future be used by the Trustees to 'promote education in Spilsby & District' The Trustees decided this should take the form of
- special grants to the Spilsby High School - now the King Edward VI Humanites College
- special grants to the Feeder Primary Schools at Great Steeping, Halton Holegate, Partney, Spilsby and Toynton All Saints
- provision of grants to former pupils under the age of 25 to assist with the costs of further education.
In addition funds are provided annually to assist with the cost of the
College Prize giving.
There are now 6 Trustees-1 the nominee of the Governors of King
Edward VI Humanities College, 1 the nominee of the Vicar and Churchwardens
of Spilsby, 1 the nominee of the Spilsby
Town Council and 3 Co-opted.