Eton College receiving financial assistance from the school continues to increase. Eton College was founded by King Henry VI as a charity school to provide free education to 70 poor boys who would then go on to King's College, Cambridge, founded by the same King in 1441. Henry took Winchester College as his model, visiting on many occasions, borrowing its Statutes and removing its Headmaster and some of the Scholars to start his new school. When Henry VI founded the school, he granted it a large number of endowments, including much valuable land. The group of feoffees appointed by the king to
Eton College a higher value than the tax breaks it receives as a result of its charitable status. The fee for the academic year 2010–2011 was £29,862 (approximately US$48,600 or €35,100 as of March 2011), although the sum is considerably lower for those pupils on bursaries and scholarships. Eton co-sponsors a state sixth-form college, the London Academy of Excellence, opened in 2012 in the London Borough of Newham in East London, the second most deprived borough in England, and just over a mile from the Queen Elizabeth Olympic Park, the main venue for London's 2012 Summer Olympics. In 2015—2016, it had around