Page 4 - UKZN Foundation AR 2023

MESSAGE FROM THE
CHAIRPERSON OF THE BOARD OF TRUSTEES: MAC MIA
It is my privilege to present the Chairman’s Report for the 2023 financial year on behalf of the Board of Trustees. This year has been characterised by both significant achievements and challenges, reflecting our unwavering commitment to advancing the university’s mission through strategic fundraising.
The funds raised have had a profound impact on various facets of the university, particularly in Student Support. Over R63 million was allocated to bursaries and scholarships, benefiting more than 500 students from disadvantaged backgrounds. This support has been instrumental in enabling talented students to pursue their academic goals without the burden of financial constraints.
The Foundation has also seen success with several campaigns, such as the “What Will Your Legacy Be?” initiative on social media, which has elevated the profile it’s work and highlighted the crucial role donors play in supporting UKZN.
However, the Foundation has not been without its challenges, particularly in navigating the uncertainties due to low economic growth. Despite these difficulties, our diversified fundraising strategy and robust stakeholder relationships have allowed us to mitigate the impacts.
Looking ahead, we remain committed to further strengthening our fundraising efforts. Our focus will be on expanding our donor base, deepening our engagement with international partners, and exploring innovative avenues such as digital campaigns.
In conclusion, I extend my deepest gratitude to our donors, partners, trustees, staff and the UKZN community for their unwavering support and dedication. The progress we have achieved would not have been possible without your contributions. Together, we will continue to drive the University of KwaZulu-Natal towards excellence and ensure it remains a beacon of knowledge and innovation in Africa.
2 UKZN FOUNDATiON ANNUAL REPORT 2023