Bursaries & development funds
The Foundation can receive both restricted and unrestricted donations.
Unrestricted donations are allocated and utilised at the discretion of the Trustees for the purposes that conform to the mission of the school; this provides important flexibility to the Trustees and the school executive. Restricted donations meet the specific aims of donors, who may wish to direct their giving at other projects or objectives.
A taxpayer making a bona fide donation in cash or kind to the Foundation (an organisation approved in terms of Section 18A of the Income Tax Act, no. 58 of 1962) is entitled to a deduction from their taxable income of the amount donated, and the Foundation issues the donor with a tax certificate entitling the donor to claim the donated amount as a deduction (up to 10% of taxable income).
