Studietrust Bursary Organisation - Today For Tomorrow!

Profile

STUDY TRUST IN A NUTSHELL

Studietrust_logoe MISSION
Study Trust joins forces with selected young people who are determined to become winners and assists them to empower themselves through further education and training in the struggle against poverty, ignorance and exploitation.

MISSION STATEMENT
Study Trust is an independent national bursary organisation based on Christian principles. Its business is:
·   to raise funds with the support of the private sector, individual donors, organisations, trusts and churches
·   to grant financial assistance (bursaries and loans) to carefully selected, deserving young people
·   to give motivational guidance and support to students towards the fulfilling of their potential and for the benefit of South Africa.

STATISTICS
·   Study Trust’s bursary students maintained an average pass rate of 91% over the six years from 2002 to 2007. The preliminary (unofficial) figure for 2008 is 92%.
·   Study Trust was founded in 1974 and has since then granted thousands of bursaries. A total amount of more than R25 million has been raised and paid out in bursaries to date.
·   18,608 single bursaries of one year each were allocated from 1974 to 2008. At an average of 3 annual bursaries per person the number of bursars over the years amount to approximately 6000.
·   Number of bursars and amounts spent on bursaries 2007-2008:

Bursary Payments	2008		2007
	Number	Amount (R)	Number	Amount (R)
School bursaries	130	174,552	94	130,472
Agricultural Colleges	8	48,373	4	16,805
FET Colleges	38	138,241	29	73,388
Universities of Technology	75	447,561	66	386,782
Universities	187	3,952,871	160	2,656,860
TOTAL	436	4,761,598	353	3,264,307

·   Study Trust is a first tier NGO partner of the National Student Financial Aid Scheme (NSFAS). In 2008 Study Trust administered NSFAS loans to the amount of R3,429,735.
·   60% of the bursars of 2008 and 2007 were female students.
·   Distribution of bursars in terms of race, gender and rural/urban origin 1998-2008:

Year	Black (as defined by BEE codes)	Female	Rural origin
1998	97%	48%	71%
1999	95%	48%	73%
2000	93%	52%	65%
2001	89%	55%	69%
2002	89%	53%	63%
2003	89%	52%	64%
2004	85%	54%	65%
2005	87%	57%	67%
2006	86%	60%	65%
2007	83%	60%	67%
2008	88%	60%	55%
11 year average	89%	54%	66%

· Contributions from trustees and ex-bursars exceeded R80,000 in 2008. The following table compares contributions by various categories of donors in 2007 and 2008:

Period	Individual Donors				Trusts	Churches	Private Sector	Loan Repay- ments	Total
Period	General	Trustees	From Abroad	Ex-bursars	Trusts	Churches	Private Sector	Loan Repay- ments	Total
2008	755,490	53,686	7,000	29,910	1,451,152	24,297	3,914,491	51,600	6,287,626
2007	547,138	58,230	6,840	23,532	704,715	29,119	2,590,204	61,865	4,021,643

·   Study Trust is a national bursary organisation with bursars from all provinces. Over the years KwaZulu-Natal has topped the list as the province with the most bursars. In 2007 32% of bursars were from that province and in 2008 35%.
·   In 2008 33% of bursars were from families with a per person monthly income of R250 or below. 48% were from families with a per person monthly income of R500 and below.
·   In 2008 8% (35) of bursars were from homes with no parents and 31% (135) from single parent homes.

CIVIL INITIATIVE
Study Trust is a civil initiative aimed at addressing the problem of poverty in South Africa in a constructive and thorough way through further education and training. The support of the private sector and also of a large number of individual donors from the major communities in the country accounts for the unique character of this people’s endeavour. The beneficiary students are included in this nation-building initiative in which trustees, donors and bursars co-operate, all striving today for a better tomorrow.

LEADERSHIP
Study Trust, over many years, has functioned under the guidance of leaders such as Mr Mike Morapeli, an experienced educationist and Rev Jan Hofmeyr (founder), a youth leader. At the beginning of 2008 Dr Murray Hofmeyr took over the national directorship. He lectured at the University of Venda from 1989 to 2007 where he also led that institution’s Foundation Programme. Study Trust enjoys the benefit of these and other leaders’ knowledge and experience as well as their keen interest in inspiring students towards self-empowerment through further study and training. Two ex-bursars have so far made the Mail & Guardian’s list of people you should have breakfast/lunch with: Thamsanqa Maqubela, executive chairman of Qhubela Holdings and Setlogane Manchidi, head of CSI at Investec. Both are Study Trust trustees.

INCOME TAX BENEFIT
Study Trust is registered as a Public Benefit Organisation in terms of Section 18A of the Income Tax Act No. 58 of 1962 and donations to Study Trust are therefore tax deductible. (SARS reference number: 18/11/13/990.)

SELECTION PROCEDURE
Over the years Study Trust developed a trustworthy and objective computerised selection process. The exceptionally high average annual pass rate is directly related to the selection procedure and the mentorship programme.

SELECTION CRITERIA
The criteria for the selection of bursary holders are mainly academic potential and financial need. Career-oriented study courses, disrupted family circumstances, rural background and gender equality are also taken into account.

PREFERENCE FOR CAREER-ORIENTED STUDY COURSES
In addition to its involvement at high school level, Study Trust gives preference to assisting students pursuing career-oriented courses such as Commerce, Engineering, Education and Agriculture at tertiary educational institutions as well as FET Colleges.

CO-OPERATION WITH THE UNIVERSITY OF JOHANNESBURG
Study Trust, in terms of a partnership agreement with the University of Johannesburg (UJ), has its national head office, since 1975, at the Kingsway campus in Auckland Park, Johannesburg. This is of great benefit to Study Trust.

BOARD OF TRUSTEES
Study Trust is governed by a Board of Trustees, with members from the various communities in the country. The national chairperson is Mr Mike M Morapeli and the vice chairperson is Mr David P Jeftha, an ex-bursar. Nine ex-bursars currently serve on the Board of Trustees.

CONTROL
Payment of bursaries is made mainly to educational institutions on receipt of proof of registration and of satisfactory academic progress.

COST-EFFECTIVE AND EFFICIENT ADMINISTRATION
Study Trust's administration is extremely cost-efficient. In 2007 the percentage of donor funds spent on administration (including salaries) was 10.3%.

RURAL BIAS
Study Trust gives preference to students from rural areas. 55% of the 2008 and 60% of the 2007 bursars hailed from rural areas of the country where the greatest poverty and lack of opportunities for study and work are to be found.

TRUSTEES: Dr AL Bartlett Mr J Blersch Ms GMB Coetzer Mr T Crous Prof JJF Durand Prof CH Heyns Dr HM Hofmeyr* Rev JM Hofmeyr Mr A Horn Mr DP Jeftha* Mr FJ Kok Prof JJ Kritzinger Ms ML Kruger Dr SI Maboea Mr S Mabunda Rev M Makgale Mr SA Makopo Mr SG Manchidi* Mr CT Maqubela* Ms U Masia* Ms Z Moichela* Mr MM Morapeli Prof MW Prinsloo Dr ME Schalekamp Ms MEO Sema Mr Doc Sethole Ms N Shabalala* Mr E van Heerden* Mr BG van Rooyen Prof JH van Wyk Mr MJ Zulu* (* ex-bursary students).

NATIONAL HEAD OFFICE
Physical Address: University of Johannesburg, Kingsway Campus, Auckland Park, Johannesburg.
Postal address: Study Trust, PO Box 29192, Melville 2109, South Africa.
Tel/fax: (011) 726-5604.
NPO Registration number: 000-601 NPO.   SARS Inland Revenue registration: 18/11/13/990.
Bank details: ABSA Auckland Park. Account Name: Studietrust. Account Number: 2840 800 299. Branch Code: 335-105.
"Swift" Address: ABSAZAJJ