An independent school has decided to close and place all its assets in a charitable trust to help the education of future generations at both state and independent schools.
The Wispers School Educational Trust will distribute funds from the sale of Wispers School in Surrey. It is expecting offers of around £4m.
Henry Beltram, head teacher at the school, said the closure was because of changing demographics, including a reduced need for single-sex and boarding education, and a changing financial climate.
Beltram said merging with another school had been considered, but more good would come from an educational trust that would benefit a wide range of pupils across all walks of life and academic backgrounds. Nearly all Wispers pupils have been offered places with other independent schools.
The school will sell its grounds and assets. For more information on the sale, contact its agents, Savills, on 0207 409 9902.