Monday, 28 January 2013

Funding boost for CPUT

FUNDING:Vice-Chancellor Prof Vuyisa Mazwi-Tanga with Inyathelo's Executive Director Shelagh Gastrow, Bill Moses of the Kresge Foundation (top left) and Milcho Damianov Director: Advancement (top right)

The CPUT Advancement Department is moving from strength to strength in its bid to increase fundraising revenue.

Hot on the heels of the unveiling of its “1st Decade of Prominence and Prosperity” campaign, the department has received a further boost to its coffers of almost half a million rand from the Kresge-Inyathelo joint initiative.

This multi-million rand initiative aims to support the long-term financial sustainability of higher education institutions in South Africa by enhancing fundraising and Advancement efforts.

Advancement Director, Milcho Damianov, says, “We feel not only privileged and proud to be the recipients of further funding from Kresge- Inyathelo, but obliged to continue the furious pace of development of Advancement here at the CPUT.

The latest grant, given to only three universities in South Africa, is not only recognition for our past efforts, but encouragement to take our operations to the next level.”

Damianov has lauded the very powerful role played by Inyathelo as mentor and strategic driver in bolstering Advancement practice in South Africa. A non-profit organisation dedicated to strengthening civil society and higher education institutions, Inyathelo’s partnership with the US-based funders, the Kresge Foundation, has helped the CPUT increase fundraising revenue fourfold over the past five years.

“Now we need to roll-up our sleeves and exceed the expectations of our generous funders. This will undoubtedly enhance student access, improve graduation rates and help position CPUT as a world-class facility that embraces the cutting edge of technology.”

By Jan Weintrob

Written by CPUT News