Page 192 - 2019\20 KZN Top Business Portfolio - EBOOK

UNIVERSITY OF KWAZULU-NATAL
(UKZN) FOUNDATION

Prof Anesh Maniraj Singh
www.foundation.ukzn.ac.za

FUNDING ACCESS TO HIGH QUALITY essential to driving the UKZN Foundation’s fundraising
programme.”
EDUCATION
The Foundation provides a one stop shop for donors
The University of KwaZulu-Natal (UKZN) Foundation is as well as undertakes all administration functions,
the fundraising arm of the institution. The Foundation including providing tax certificates and paperwork
is headed up by the executive director Professor for Broad-Based Black Economic Empowerment
Anesh Maniraj Singh who was appointed in 2016. (B-BBEE) spend. As a nonprofit organisation, the UKZN
“The primary function of the Foundation is to provide Foundation is a section 18A entity so donations are tax
professional fund raising service that benefits all deductible. In addition, spending may be claimed for
our stakeholders, including students, academics, B-BBEE scorecard points.
society and the various strategic projects of UKZN,” While the UKZN Foundation is generally well supported,
said Prof Singh. the current economic climate has resulted in many
Of importance is that the Foundation strives to budgets being cut, which has reduced the corporate
cultivate a strong relationship with all donors, which social investment (CSI) spend. “It is important to note
typically consists of trusts, foundations, businesses, that there is more to giving than just meeting B-BBEE
high net worth individuals, alumni and the general scorecard goals. There are also intangible rewards. This
public. This relationship is well coordinated through is apparent in the ‘feel good’ that results from giving.
regular correspondence via the in-house newsletter Giving is good not only for yourself but also for society.
as well as through the UKZN Foundation website. Potential and current donors are encouraged to give the
Said Prof Singh, “Maintaining these relationships is gift of knowledge,” said Prof Singh.
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