Founded in 1979 by the late Pastmaster E.W. Palmer and incorporating the former Benevolent Fund, this Charity is maintained by the Company by means of donations from Corporate Funds and by the Dividends received from Waverley Court Ltd. This property company, managed by a Board of Directors appointed by the Court, was bequeathed to the Company by Pastmaster Palmer who prescribed that half the income received should be for the benefit of the Palmer Foundation and half for the Coopers' Co. & Coborn Educational Foundation. Grants are made to selected charities and in response to appeals, and awards are given for Scholarships, Prizes and other items at the Company's School and College