033 342 9376 admin@collegefoundation.co.za

Annual Fund

Overview

This fund covers all the unspecified needs of the School which can pop up at any given time. These needs are often unexpected, but important. Unspecified funding can be directed at any of the 7 pillars of funding and is distributed according to the need and always at the discretion of the Foundation Board of Directors.

If you are unsure of exactly where you would like your donation to go, this is a good option as this Fund is often used. All funds used follow a controlled process so you can be rest assured that the funds will be well spent, and that your contribution is making a difference in the lives of our College boys!

Since the establishment of our Foundation in 2011, we have been blessed by the goodwill and financial support of the Maritzburg College Community to sustain our operations and financial contributions to Maritzburg College.

These funds are used to support existing and new bursaries, growing our endowment fund and providing ad-hoc support to Maritzburg College for a range of smaller and more immediate projects.

The importance of The Fund

Maritzburg College has a strong legacy as a thriving, diverse, and truly exceptional institution – one that has evolved in a country that has changed enormously since its founding more than 150 years ago. It has made significant strides academically over the past decade and is currently the top performing public boys’ school in the country outside of the Western Cape. It also offers a diverse range of sports and a rich cultural programme, and College features prominently on the honour role for these pursuits.

Maintaining this outstanding record of achievement requires the school to overcome significant financial challenges. Its annual government subsidy covers only a fraction of the school’s operating budget. As such, it has become increasingly dependent on fees charged to parents.

The result has been steep inflation in the cost of a College education, which threatens to put the life-changing opportunity to attend the school out of reach for many. One of the school’s key strengths over the years has been its ability to bring in boys from varying socio-economic backgrounds. This is now at risk.

Another critical issue is the fact that the school does not have sufficient funds for capital projects and the tight operating budget leaves little room for maintaining and improving the school’s extensive infrastructure. The quality of the school’s facilities is integral to College’s overall offering. Without a reliable long-term funding source, it will increasingly come under threat.

How can I make a difference?

Our dream was that it should be possible for every College Old Boy and Supporter to be able to invest in the future of our great school. We recognise the fact that not all Old Boys and Supporters are in a position to pledge a substantial lump sum contribution, hence we are available to discuss your requirements and welcome every donation, no matter how big or small that will be used where the needs are.

We continue to offer every passionate member of the Maritzburg College Family the opportunity of helping change lives and shape futures. Please contact us to discuss your requirements.

What you will receive for your contributions

Any prospective donation tax benefit accruing to the donor will be regulated by the country in which the donation is made. The Maritzburg College Foundation is a registered Public Benefit Organisation (PBO) with the South African Revenue Service (SARS) and enjoys S18A status, which permits the issuing of donation tax certificates to South African taxpayers.

The Maritzburg College Foundation is also registered in the US (through Charities Aid Foundation of America), the UK (through UK Fund for Charities) and the Australian Communities Foundation, which enables taxpayers in these countries to make tax deductible donations to the Maritzburg College Foundation. In order to make use of these benefits, please click here for our international donations.

Ongoing Campaigns

 

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Contact Us

Jenny Baptista | Foundation Administrator admin@collegefoundation.co.za
0333429376

 

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