The John Holdsworth Endowment Fund was established by Charles J. Holdsworth with a capital of $7806, and has since been added to by members of his family.
The income was primarily intended for bursaries at New Zealand Friends School. Since the school closed the trustees have been authorised to apply both capital and income as they think best for the benefit and advancement of the Religious Society of Friends in Aotearoa New Zealand, or to transfer it to Britain Yearly Meeting.
The income is being used to make grants towards the education of members and attenders of the Religious Society of Friends.
There are three trustees, and replacements when necessary are appointed for an indefinite period by Yearly Meeting or by Standing Committee on the nomination of the continuing trustees.