Page 54 - UKZN Foundation AR 2024

UNIVERSITY OF KWAZULU-NATAL FOUNDATION TRUST Trust Deed number: IT 589/2003
SCHEDULE OF ENDOWMENT FUNDS MOVEMENTS for the year ended 31 December 2024
NAME OF FUND BALANCE AND BEGINNING GRANTS
OF YEAR
INCOME
TRANSFERS
FUND DONATIONS
EXPENDITURE
AND 2024
DISBURSEMENTS
SPECIFIED ENDOWMENTS PRINCIPAL AT END OF YEAR
2024 2023
SPECIFIED ENDOWMENTS R R R R R R R R
Academic 9 073 977 0 1 026 283 (194 678) (1 367) 9 904 215 9 250 750 9 073 977
Albert Baumann Fund
4 963 033 0 486 874 (145 754) 0 5 304 152 5 041 697 4 963 033
Mackintosch Gifts
2 700 188 0 377 885 0 (1 367) 3 076 707 2 769 117 2 700 188
Murray & Roberts
77 949 0 27 676 0 0 105 624 82 997 77 949
Romatex Limited
1 332 807 0 133 849 (48 924) 0 1 417 732 1 356 940 1 332 807
Bursaries and Scholarships 10 391 409 258 600 974 802 0 (427 500) 11 197 311 11 090 867 10 391 409
Hajee Rooknoodeen Bursary
64 706 0 7 153 0 (20 000) 51 859 66 010 64 706
Alumni Bursary Fund
1 804 673 258 600 149 825 0 0 2 213 098 1 843 290 1 804 673
Dr Vasan Govind Legacy Trust
192 118 0 16 840 0 0 208 958 210 875 192 118
Dr Vasan Govind Legacy Bursary Fund
138 832 0 13 752 0 0 152 583 141 900 138 832
Hugh Africa Scholarship
322 561 0 28 347 0 (19 000) 331 908 327 022 322 561
lsadore Gordon Bursary
58 391 5 678 0 (7 500) 56 569 58 922 58 391
Jessie Campbell Bequest
247 782 0 23 241 0 (15 000) 256 023 274 982 247 782
Keppel Harvey Bursary Fund
271 023 0 38 800 0 (12 500) 297 323 359 425 271 023
Leana Uys Registration Fund
322 156 0 27 275 0 0 349 431 346 142 322 156
Pioneer Educationalist-Charles Harding
14 451 0 1 552 0 16 003 14 797 14 451
Prof. AF Hattersley Memorial Bursary
2 961 419 0 285 514 0 (153 000) 3 093 933 3 291 747 2 961 419
Pamela Kerry Bursary Fund
3 246 933 0 301 657 0 (192 500) 3 356 089 3 375 945 3 246 933
Tumelo Seliane Education Funds
598 453 0 62 083 0 0 660 536 629 763 598 453
Townley Williams Scholarship
147 913 0 13 087 0 (8 000) 152 999 150 047 147 913
Campbell Collections 4 999 155 0 499 889 (183 584) 0 5 315 460 5 089 477 4 999 155
Chairs 11 816 035 0 1 018 694 (305 000) (1 250) 12 528 479 11 703 544 11 816 035
First National Bank
3 615 791 0 327 039 (305 000) ( 1 250) 3 636 580 3 656 258 3 615 791
L. G. Joel Trust
657 672 0 104 392 0 0 762 064 467 930 657 672
Phyllis Lewis Trust
154 439 0 26 790 0 0 181 229 159 325 154 439
S. A. Nursing Association
772 316 0 79 974 0 0 852 290 829 818,09 772 316
S. A. Sugar Association
6 615 817 0 480 499 0 0 7 096 316 6 590 212 6 615 817
Research 5 991 344 0 1 115 584 0 0 7 106 927 6 434 061 5 991 344
AECI Limited
684 022 0 260 926 0 0 944 948 731 616 684 022
Anonymous
1 350 840 0 393 087 0 0 1 743 927 1 422 541 1 350 840
Kennedy-Potts
3 327 975 0 348 155 0 0 3 676 130 3 591 480 3 327 975
Nigel & Jeannine Grech Plant Pathology
628 507 0 113 416 0 0 741 923 688 423 628 507
Income Stabilisation Account 64 727 967 0 (10 927) 0 0 64 717 040 64 717 040 64 727 967
TOTAL SPECIFIED ENDOWMENT FUNDS 73 225 165 0 4 305 274 (628 941) (2 287 792) 74 613 705 108 285 739 106 999 887
UNSPECIFIED ENDOWMENT FUND 62 944 854 5 002 725 3 796 484 0 (7 796 855) 63 947 208
TOTAL ENDOWMENT FUNDS 136 170 019 5 002 725 8 101 757 (628 941) (10 084 646) 138 560 914
SPECIFIED FUNDS
African Institute for Sustainable Rural 311 696 0 0 0 0 311 696 Livelihoods
TOTAL FUNDS 136 481 715 5 002 725 8 101 757 (628 941) (10 084 646) 138 872 610
The supplementary information presented does not form part of the annual financial statements and is unaudited.
52 UKZN FOUNDATION ANNUAL REPORT 2024