Page 157 - KZN Top Business Portfolio 2024/5 - ebook

Back Row (L-R): Mr Reg Brijlal, Mrs Ayanda Magwaza, Mr Monde Mjebeza, Mrs Bukiwe Biyela, Mr Tebelo Kokoropo and Mr Sithembiso Hadebe.
Front Row (L-R): Mrs Melissa Mungroo, Mrs Rashina Moodley, Mr Steve Camp, and Ms Perine Leonard.
Our Approach nor confer full or part title/control to any product/
The Foundation establishes and cultivates relation- deliverable/intellectual property in return for funding.
ships with prospective donors on behalf of the In honoring the philanthropic intent of its donors, the
University and as such serves as a principle conduit UKZN Foundation ensure that donations are allocated
for philanthropic donations aimed at supporting the to the cause for which they are intended.
strategic development needs of the University. The Foundation raises funds for the following:
In its drive to secure donations for the University’s Bursaries
development, the Foundation forges relationships with
individuals and alumni as well as establishes alliances There are large numbers of academically deserving
and partnerships with corporates, trusts, foundations students who cannot afford to attend University
and other grant-making bodies across the world. and are unable to secure other forms of funding.
Donor funds are used to provide full or partial
In selecting projects to support, the Foundation bursaries to such students. Donors can stipulate
prioritises University initiatives that are responsive to specific criteria for the selection of students and
societal, environmental, economic and technological they stipulate what conditions need to be met by
needs of local, provincial, national and international the students to continue receiving support from
communities, which the University serves. the donor.
The Foundation runs regular public fundraising Community Engaged Projects
campaigns to give individuals, including staff,
students, alumni and the general public to support UKZN prides itself on its ability to generate know-
our projects. ledge and to convert it into a meaningful and
measurable community-based projects. To this
As the conduit for all philanthropic donations to end, UKZN promotes projects in all its Colleges,
UKZN, the Foundation receives, receipts, records and which make a difference in the lives of communities
reports on all such income. ranging from farming to land use management,
Utilisation of Donor Gifts to HIV museums, to civil society to art and culture
and others.
As a public university, the University of KwaZulu-
Natal (UKZN) relies on fee income and state subsidy Disability
to fund its operations. However, the development of The University provides access to students with dis-
infrastructure and the pursuit of its strategic vision abilities. Additional funding is required to ensure
requires philanthropic contributions, which expand the that the environment is accessible and safe for
boundaries of knowledge and know-ledge production.
students with different disabilities. Donor funding is
UKZN Foundation accepts gifts that do not result in also used to procure specialised equipment to allow
any economic benefit (with the exception of tax relief) disabled students to succeed at University.

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