Locals now donate more to SA’s universities than philanthropists abroad do
Donations to local universities from South African philanthropists now exceed the income they derive from abroad. Universities benefited from philanthropic efforts amounting to R1.63bn in 2016‚ an increase of nearly R1bn over the last four years. But as much as 90% of that funding went to traditional higher education institutions as opposed to universities of technology‚ for example. That’s according to the latest Annual Survey of Philanthropy in Higher Education. The bulk of the financial contributions come from local trusts‚ foundations‚ corporations and individuals. Twelve of SA’s 26 universities participated in the latest survey‚ which is based on 2016 figures. South Africans accounted for 90% of all donors and contributed 56% of the total funding. International donors contributed 44% of the philanthropic income but comprised only 10% of all donors. Researcher Dr Sean Jones welcomed the increase of local funding. "The private sector has increased its contributions dramatically f...
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