As a public university, the University of KwaZulu-Natal (UKZN) relies on fee income and state subsidy to fund its operations. However, the development of infrastructure and the pursuit of its strategic vision requires philanthropic contributions, which expand the boundaries of knowledge and knowledge production.
UKZN Foundation accepts gifts that do not result in any economic benefit (with the exception of tax relief) nor confer full or part title/control to any product/deliverable/intellectual property in return for funding. In honoring the philanthropic intent of its donors, the UKZN Foundation ensure that donations are allocated to the cause for which they are intended. The Foundation raises funds for the following:
There are large numbers of academically deserving students who cannot afford to attend University and are unable to secure other forms of funding. Donor funds are used to provide full or partial bursaries to such students. Donors can stipulate specific criteria for the selection of students and they stipulate what conditions need to be met by the students to continue receiving support from the donor.
Community Engagement Projects
UKZN prides itself on its ability to generate knowledge and to convert it into a meaningful and measureable community-based projects. To this end, UKZN promotes projects in all its Colleges, which make a difference in the lives of communities ranging from farming, to land use management, to HIV museums, to civil society to art and culture and others.
The University provides access to students with disabilities. Additional funding is required to ensure that the environment is accessible and safe for students with different disabilities. Donor funding is also used to procure specialised equipment to allow disabled students to succeed at University.
UKZN believes in providing for future generations. As such the Foundation welcomes unspecified donations which are invested in the UKZN Endowment fund which can be used as and when the need arises in the future.
Specialized Equipment and Infrastructure
In order to generate and disseminate cutting-edge knowledge, the University relies on its donors who share the same vision, to fund specialized equipment for research, teaching and learning. Donor funding is also required to build new lecture theatres and to refurbish existing ones to meet the needs for technology-led teaching and learning.
An academic chair refers to a distinguished scholar of high standing, both locally and internationally, in their discipline. UKZN establishes chairs in order to advance knowledge production in very specialised areas of study. Academic chairs are normally established through an endowment, the growth on which funds the salary of the chair and other researchers who support the chair.