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The Foundation strives to cultivate a strong relationship with all donors, which typically consists of trusts, foundations, businesses, high net worth individuals, alumni and the general public
Funding Access To High Quality
The University of KwaZulu-Natal (UKZN) Foundation is the fundraising arm of the institution. The Foundation is headed up by the executive director Professor Anesh Maniraj Singh who was appointed in 2016.
“The primary function of the Foundation is to provide professional fund raising service that benefits all our stakeholders, including students, academics, society and the various strategic projects of UKZN,” said Prof Singh.
Of importance is that the Foundation strives to cultivate a strong relationship with all donors, which typically consists of trusts, foundations, businesses, high net worth individuals, alumni and the general public. This relationship is well coordinated through regular correspondence via the in-house newsletter as well as through the UKZN Foundation website. Said Prof Singh, “Maintaining these relationships is essential to driving the UKZN Foundation’s fundraising programme.”
The Foundation provides a one stop service for donors as well as undertakes all administration functions, including providing tax certificates and support documentation for Broad-Based Black Economic Empowerment (B-BBEE) spend. As a nonprofit organisation, the UKZN Foundation is a section 18A entity therefore donations are tax deductible. In addition, spending may be claimed for B-BBEE scorecard points.
While the UKZN Foundation is generally well supported, the current economic climate has resulted in many budgets being cut, which has reduced the corporate social investment (CSI) spend. “It is important to note that there is more to giving than just meeting B-BBEE scorecard goals. There are also intangible rewards. This is apparent in the ‘feel good’ that results from giving. Giving is good not only for yourself but also for society. Potential and current donors are encouraged to give the gift of knowledge,” said Prof Singh.
Often the need for investment in higher education is overlooked when CSI spend is allocated. However, in order for the South African economy to grow, as well as to address the limitations for industry sectors where scare skills exist, higher education must continue to be a priority. Educating our citizens is not only vital for our country’s economic growth but also empowers many of our youth to move beyond the constraints of poverty. Prof Singh commented, “While ‘fees must fall’ raised many legitimate concerns, we need to continue to proactively look for funding. The missing middle, who come from families with income levels above the National Student Financial Aid Scheme (NSFAS) threshold, but who cannot afford post-school education are of particular concern. There are many students, who without extra help will struggle to reach their full potential and need our help.”
Resolving this situation needs to be perceived as the joint responsibility of government, the business sector and civil society. For the business sector an investment in students’ participation in higher education should be regarded as a win-win situation. By investing in university education, they are also investing in the culture and skills of their future work force and creating a pipeline of new employees. In addition, no teaching can take place in a vacuum and the relationship between knowledge and practice is undisputed. Students require work experience, which may be acquired through internships or holiday employment, which then lead to permanent employment.
Excellence in university education standards also need to be continually maintained. Students require access to the latest equipment and best facilities in order to remain up to date with the advances in the various fields of academia as well as to research solutions to the many new challenges facing society. All university stakeholders have no difficulty in recognising that educated graduates are critical to society’s future. Financial support of higher education is an investment in South Africa’s future.
At this year’s graduation ceremonies, 61.85% of UKZN’s graduates were women and 76.54% were African. This can only bode well to satisfy the urgent need for more female and African professionals in the workplace in South Africa. This also confirms that the University of KwaZulu-Natal is responsive to the needs of South African society and thus plays an active role to correct the imbalances brought about by our painful past.
Prof Singh concluded, “It does not matter the size of the donation — big or small. UKZN needs the support of the business community, our alumni and civil society to engage more effectively and to invest in the city, the province of KZN and ultimately the country.”
Full Name of Company: UKZN Foundation Head Office
Nature of Business: The University of KwaZulu-Natal(UKZN) Foundation Trust is a registered charitable trust, a public benefit organization and a non-profit organisation under South African Law. The Trust is associated with charitable entities in the United Kingdom and the United States.
THE MISSION OF THE UKZN FOUNDATION is to provide a professional fundraising service which supports the development of UKZN and addresses the needs and aspirations of our donors.
Chairperson: Mr M Mia (Trustee)
Deputy Chairperson: Dr P Mnganga (Trustee)
Vice Chancellor: Prof N Poku (Trustee)
Executive Director: Prof Anesh Maniraj Singh
Physical Address: UKZN Foundation Howard College, 232 Mazisi-Kunene Avenue, Durban, 4041
Tel: +27 (0)31 260 2389
Fax: +27 (0)31 260 3209