The SANDF Education Trust has in just less than two years received more than R7,5 million in donations.
During a gala function earlier this month in Thaba Tshwane Trust patron Dr Irvin Khoza said R7,770,500 had been donated or pledged to the Trust since it was established in October 2013.
The Trust is the brainchild of SANDF Chief General Solly Shoke to provide assistance to the families of soldiers killed or seriously wounded in the line of duty since April 27, 1994. Its establishment followed the deaths of 15 South African soldiers in the Battle for Bangui in 2013.
The Trust has awarded 91 bursaries valued at R1,2 million for the 2014 and 15 years and the plan is to manage donated funds in such a way that they will via investment be able to generate sufficient money to pay for more bursaries.
Projections done for the trustees indicate future requirements for bursaries and scholarships will be between R800,000 and R1 million a year which has already been exceeded. This has seen a decision taken to continue with fundraising until such time as the interest earned on capital invested will keep the Education Trust sustainable.
Bursaries are awarded for study at secondary schools and tertiary institutions. A number of requests for assistance saw Trust personnel decided to approve conditional financial support for the families of pre-school children via the SANDF Fund. This is because the Trust, in terms of the Income Tax Act, cannot assist with school fees for children not old enough to attend primary school.
Contributions can be made to the SANDF Education Trust; Nedgroup Trust, Resident Trust Account, Nedbank. The branch is Corporate Client Services, 145209 and the account number is 1452016976. The reference SANDF Edu Trust and donor’s name should accompany all deposits.