2008 Annual Report

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C M Y CM MY CY CMY K inyathelo: the south african institute for advancement

TM The South African Institute for Advancement ANNUAL REPORT 2008

2nd Floor, Fairweather House, 176 Sir Lowry Road, Woodstock 7925, Cape Town, South Africa ANNUAL REPORT 2008 Telephone: +27 21 465 6981/2 Fax: +27 21 465 6953 Email: [email protected] Web: www.inyathelo.co.za inyathelo: the south african institute for advancement

NPO REGISTRATION: 023-432-NPO | TRUST REGISTRATION: IT2285/2002 energising civil society by inspiring a passion for philanthropy

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Table of Contents Patrons and the Board of Trustees 1. Vision, Mission and Values 3 2. Inspiring others to succeed 7 Patrons Board Members MESSAGE FROM THE CHAIRPERSON: BOARD OF TRUSTEES Dr Mamphela Ramphele Fred Phaswana 3. Building for the future 9 Cyril Ramaphosa Dr Mills Soko SHELAGH GASTROW Dr Loveness Kaunda 4. Leaving footprints 13 Chairperson Dr Iqbal Surve BEA ABRAHAMS Dr Richard van der Ross Shelagh Gastrow 5. Energising civil society by inspiring a passion for philanthropy 17 GABY RITCHIE 6. A year of exceptional growth 27 All rights reserved. No part of this report may be reproduced, stored in a retrieval system, or transmitted NAZLI ABRAHAMS in any form or by any means; electronic, mechanical, photocopying, recording or otherwise, without 7. Strengthening the nursing sector 33 the express permission, in writing, of the copyright holders. VICKI PINKNEY-ATKINSON 8. Financial Report 37 Layout and design by Kult Creative 9. Patrons, Trustees and Staff 62 Printed and bound by Formeset Printers 10. List of donors 64 Inyathelo AR08-Final:Inyathelo AR08-Final 8/20/08 12:53 PM Page 1 Inyathelo AR08-Final:Inyathelo AR08-Final 8/20/08 12:53 PM Page 2 Inyathelo AR08-Final:Inyathelo AR08-Final 8/20/08 12:54 PM Page 3

Our Vision We will be the leading non-profit institution to grow local philanthropy and build strong and sustainable civil societies in South Africa and on the continent, rooted in the African cultural heritage of sharing.

Our Mission To build an enduring culture of ‘giving’ that results in a strong and stable society and democracy in South Africa.

‘Energising Civil Society by Inspiring a Passion for Philanthropy’ Inyathelo AR08-Final:Inyathelo AR08-Final 8/20/08 12:54 PM Page 4

Values our RICH and FAIR values Inyathelo AR08-Final:Inyathelo AR08-Final 8/20/08 12:54 PM Page 5

RESPECT COMMITMENT We believe in treating all people with respect and We are guided by a strong commitment to see tasks r dignity. We maintain an inclusive and involved c through to completion and to produce quality output approach to our programmes and our organisation. We whether it be through our programmes, stewardship value diversity. We oppose oppression in any form with donors, with our beneficiaries and within our staff based on race, gender, or religion that is expressed environment at Inyathelo. physically, emotionally or psychologically and believe that it is destructive and should not be tolerated. HONESTY AND INTEGRITY We highly value honesty and integrity in all of our INFORMED RISK TAKING h relationships, dealings and transactions. We value We are driven to lead non-profit philanthropy by “pushing accountability and this has led to the Inyathelo name i the envelope”, not being afraid to take risks (when we are being synonymous with trust. properly informed) and pioneering our future and others. This is aligned with the whole notion of Advancement in AND FAIR helping to grow institutions beyond their existing We believe in fairness and we value justice. Being boundaries. This belief also stimulates personal growth and f open-minded and reasonable makes up a strong development amongst our staff. component of our culture at Inyathelo.

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Message from the Chairperson: Board of Trustees RICHARD VAN DER ROSS Inyathelo AR08-Final:Inyathelo AR08-Final 8/20/08 12:54 PM Page 7

7 Inspiring others to succeed

he new and exciting ways in which Inyathelo is growing inspire others to succeed in their philanthropic efforts. Inyathelo has is what makes it unique. Its credibility in the non-profit achieved this through an energetic mix of hard work and and donor sectors has enabled it to expand into new dedication coupled with a spirit of adventure and moving programme areas and strengthened its commitment to forward. I would like to take this opportunity to thank the Inyathelo grow local philanthropy. team, the board of trustees, our supporters and our partners for the t role they have played in building this special organisation. The Inyathelo Philanthropy Awards, celebrated at a gala event in Cape Town towards the end of 2007, foregrounded the critical contribution philanthropic giving can make to building sustainable communities and organisations. Venturing into strengthening the nursing profession and the capacity of university-based nurse education institutions and enhancing the capacity of non profit Richard van der Ross organisations working with the poor in rural areas, demonstrates Chairperson, Board of Trustees, once again that Inyathelo lives by its commitment to empower and The South African Institute for Advancement

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Message from the Executive Director SHELAGH GASTROW Inyathelo AR08-Final:Inyathelo AR08-Final 8/20/08 12:54 PM Page 9

9 Building for the future

rowing giving was Inyathelo’s key theme in 2007 the programmes that we implement need to be relevant to our and was one of the core foundations for much of context with an eye to possible future scenarios in South Africa. A the new thinking that has taken place in the clear fit is the establishment of the Inyathelo non-profit sustainability organisation in this time. unit and our new programme to strengthen human rights g organisations in South Africa that work within the rural poor sector.

As we saw the South African context shift radically with a new Whilst we view strengthening the non-profit sector as a priority, political leadership as well as events occurring in the global arena its sustainability is under threat if we are unable to grow local where we do not have a great deal of control, we had to think giving, particularly strategic philanthropy. We therefore developed strategically about how we adjust to this changing environment. new relationships with other stakeholders through the growth of our philanthropy promotion programme and 2007 saw the Whilst we continue to operate within the mandate set by our trust launch of our philanthropy symposia series in Cape Town which document with a focus on advancement and resource mobilisation, will culminate in a conference in 2009. Bringing together

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HOW OUR PROGRAMME individual philanthropists in South Africa has broadly throughout South Africa and the rest of PARTICIPANTS VIEWED OUR WORKSHOPS : been a rewarding effort as this is the first time the continent. that many of them have had a chance to share “It has achieved its their experiences and to explore how they fit As a growing organisation, Inyathelo has had to stated objectives within a global movement. Inyathelo will be move premises to accommodate the new and exceeded my developing a programme to provide support for programmes. All moves are disruptive, but our expectations.” local philanthropists. staff endured this with wonderful grace and did “A must for all not allow the inconvenience and stress to impact fundraisers to go Expanding our services more broadly has also on their work and the delivery of our programmes. through to be more meant that we have had to explore other ways effective and to disseminate the knowledge that has been During the 2007 reporting period we ran 24 efficient.” developed over the past five years. With support workshops, cadetships, focus groups, symposia from The Atlantic Philanthropies we have been and retreats whilst over 50 different “Quality experience, able to employ a full time person to assist us in organisations entered our doors for mentorship, well organised, developing training materials and manuals, advice and assistance. Our open door policy practical and publish booklets and “how to” pamphlets so that enables us to engage with our beneficiaries on motivational.” the knowledge can be disseminated more a very personal basis and provides us with a real Inyathelo AR08-Final:Inyathelo AR08-Final 8/20/08 12:54 PM Page 11

understanding of what is required to ensure sustainability in the Thanks too to our trustees, donors and supporters who have ensured non-profit sector. We continue our involvement with universities that Inyathelo continues to thrive and to deliver on its mission. and hospitals through The Kresge Foundation Special Initiative for South Africa and were delighted that the University of the Witwatersrand became part of this programme. There is a huge shortage of trained institutional advancement personnel in South Africa and Inyathelo has been instrumental in ensuring that university advancement offices have the capacity, through our training and mentorship, to deliver significant funding through effective structures and business processes. Shelagh Gastrow Executive Director, Inyathelo I would like to thank our staff who have contributed enormously The South African Institute for Advancement to the success of Inyathelo and to the high quality of its programmes. More specifically, I would like to thank Bea Abrahams, our Programme Director, and Soraya Joonas, our Finance Director, without whom this transition and growth would not have been possible.

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Message from the Programme Director BEA ABRAHAMS Inyathelo AR08-Final:Inyathelo AR08-Final 8/20/08 12:54 PM Page 13

13 Leaving footprints…

nyathelo has seen a significant evolution during the past the original four to include awards in the Arts; Health; Family year. On 28th November 2007, we hosted the inaugural Philanthropy; and Community Philanthropy. The publicity around the Annual Inyathelo Philanthropy Awards event, marking the awards and the gala event resulted in excess of R4million worth of initiation of an expansive effort to grow philanthropy in media coverage in mainstream and community radio, print and i South Africa. electronic media, catapulting ‘philanthropy’ into public focus. The Call for Nominations for the Inyathelo Philanthropy Awards was Inyathelo’s programmes mirrored the successes achieved in the sent out to over 4,000 individuals, non-profit organisations and philanthropic sphere. The impact of capacity development educational institutions, asking for submissions in each of four listed interventions, the leadership retreat and the extensive technical advice award categories, namely, Youth in Philanthropy; Women in and support provided through the Kresge Foundation Special Philanthropy; Special Recognition; and Lifetime Achievement Awards. Initiative in South Africa (KSI) are effecting changes in grantee A total of 52 nominations were received, of which 29 were short- institutions beyond the operations of the development offices. KSI, listed by the Review Panel. To ensure recognition of a greater number originally comprised of the University of the Western Cape, the of nominees, the Review Panel expanded the Award categories from University of Pretoria, the Cape Peninsula University of Technologies

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and the Children’s Hospital Trust, was expanded in 2007 to include 2007. Over the past year, YIPPSA hosted three training workshops, the University of Witwatersrand. As we are approaching the halfway involving learners and teachers from 9 schools in the Western mark of the programme, both the institutional leadership and Cape. Training objectives were to inculcate an awareness of advancement personnel are reassessing their ability to attract philanthropy; train learners in basic fundraising skills and practice; investment; how and where they are positioning their institutions and to stimulate philanthropic practice and service among high within the wider socio-economic and political landscape; and what is school learners. Learners were encouraged to adopt a non-profit required of them to build financial and institutional sustainability organization in their community, and throughout the year, to raise beyond the Kresge Foundation Special Initiative. funds for the organisation of their choice. Collectively, YIPPSA learners raised R10, 643.20 and, in addition, learners from 2 schools The programme recorded more than 80% compliance with respect contributed time, donations in kind and effort to renovate the to key policies and procedures that govern advancement organisations they selected. operations. This, together with a significant increase in donor income, from a diverse funding base, is signalling the growing In August 2007, The Atlantic Philanthropies appointed Inyathelo to maturation of advancement practice in South Africa. manage and administer two new programmes, namely the University- based Nurse Education in South Africa (UNEDSA) programme and the The Youth in Philanthropy Programme South Africa (YIPPSA) Non-Profit Sustainability Programme. The Non- Profit Sustainability expanded its involvement from 3 schools in 2006 to 9 schools in programme is targeted at selected human rights organisations and Inyathelo AR08-Final:Inyathelo AR08-Final 8/20/08 12:54 PM Page 15

was borne out of the realisation that non-profit organisations working Similarly, the UNEDSA programme to strengthen the nursing in rural areas are confronted with the challenge of implementing their profession and the capacity of university-based nurse education mandates in a complex, multi-level context. Increased demands by the institutions was developed with input from the senior leadership at poor in rural areas for access to their constitutionally entrenched rights nursing schools, the South African Nursing Council, researchers in as well as shifting donor priorities are causing non-profit organisations the nursing field and targeted government departments. The to re-examine their own practices in order to ensure that they remain programme was formally launched on 13th February 2008 and true to both their mandates and the need to mobilise the necessary nursing schools in attendance were invited to submit concept resources that create a lasting social impact. papers as a first step towards possible participation on the programme due to be implemented in 2009. In consultation with human rights organisations, supported by The Atlantic Philanthropies, the NPO Sustainability Programme is being As the mandates of these very exciting programmes are advanced, I developed to address these challenges through the implementation look forward to the new opportunities for learning both Inyathelo of a comprehensive strategy to build the sustainability of non-profit and the programme participants will be privileged to experience organisations working with or on behalf of the poor in rural areas. over the next year. The programme will be rolled out in 2008, starting with an intensive period during which eligible human rights organisations will compete for participation on the programme.

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Message from the Philanthropy Programme Manager GABY RITCHIE Inyathelo AR08-Final:Inyathelo AR08-Final 8/20/08 12:54 PM Page 17

17 Energising civil society by inspiring a passion for philanthropy

nyathelo has positioned itself to energise civil society by While South Africa has been shown to be a “nation of givers”1, inspiring a passion for philanthropy. Fulfilling the second much of this giving is charity-based and crisis-driven towards core part of its mandate, Inyathelo’s work in the area of alleviating immediate needs. Formal philanthropic giving that is philanthropic giving is based on the following strategically directed towards ensuring longer-term sustainable social foundational beliefs: development is, however, still at a relatively low level in South Africa. i There is enormous potential for Inyathelo to have a measurable I that a strong democracy requires a strong civil society impact in this area, and this last year has seen Inyathelo increasing I that it is every citizen’s responsibility to build a strong society, and its capacity to service its philanthropy-building focus through the I that all members of society can contribute in some way. strategic synthesis of a number of programmes designed to

1 See for example Habib, A. and Maharaj, B. (eds) 2008: Giving and Solidarity: Resource flows for poverty alleviation and development in South Africa.

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encourage philanthropic giving in 1. The YIPPSA Programme various sectors of South African society. These sectors include One of the main objectives of the YIPPSA Programme is to individuals (from low-income earners encourage individual philanthropy amongst youth. This is achieved to high net worth individuals); private by building an understanding of philanthropic giving amongst foundations (family and other); and Grades 10, 11 and 12 learners. Based on a learning programme, corporate foundations or social and the raising of funds for a learner-identified programme, YIPPSA investment initiatives. The three pro- youth develop an understanding of social responsibility, the grammes that have been operational potential for individuals to make a difference, the importance of the during this reporting period are (1) youth in building society, as well as the fundamentals of fundraising the YIPPSA programme; (2) the and grantmaking. The goals of the programme go beyond the Awards programme; and (3) the handover of cash/in-kind to beneficiaries, towards ensuring that Philanthropists’ Network. In addition, YIPPSA alumni become “philanthropy ambassadors” and we ran a major public relations philanthropic practitioners as they move into their adult lives. campaign to highlight philanthropy and to build a philanthropic Since the introduction of YIPPSA in 2006 the programme has made movement in South Africa. significant strides. Over the past two years we have carefully Inyathelo AR08-Final:Inyathelo AR08-Final 8/20/08 12:54 PM Page 19

observed the impact that YIPPSA has made and the progress year more than 90% felt confident that they had a ‘good’ or ‘very achieved by learners, particularly the outstanding contributions good’ grasp of what fundraising entails In 2007 the YIPPSA made to charity organizations in their local communities. In 2007 Programme was endorsed by both the Deputy Minister of Social YIPPSA participants together raised more than R10,600.00 for non- Development, Dr Jean Swanson-Jacobs, and the Western Cape profit organisations in their community. Collectively the fundraising MEC for Education, Mr Cameron Dugmore. At the October 2007 activities of the 9 participating schools impacted on the lives of YIPPSA Certification Ceremony, addressed by Mr Dugmore as the more than 7,000 people who benefited from services provided by keynote speaker, he commented that YIPPSA “provides additional the beneficiaries they had chosen. impetus to an already existing local and international volunteer spirit that is growing in our country”. This kind of support from During 2007 the YIPPSA learners were surveyed on existing levels government opens up a range of possibilities for partnerships to of knowledge and practices of social giving, fundraising, and expand and deepen the work the of the YIPPSA programme. community engagement, and this analysis of levels of knowledge in core programme areas shows that, over the course of 2007, Also providing possibilities for programme partnerships is YIPPSA’s learners’ grasp of philanthropy increased by more than 25%. All of membership of, and participation in, the Caring Schools Network them were actively involved in raising funds for the organisation of (CASNET). This is a national umbrella networking structure that their choice. While only 35% felt they had a good understanding brings together NGOs, universities, research institutes, government of fundraising practice at the start of the year, by the end of the departments, donor organisations, UN agencies and private sector

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organisations supporting education. The network strives towards investigate and establish relationships with role players in youth building a child-friendly society and focuses on ensuring integrated philanthropy and with a network of youth organizations keen to and comprehensive care and support for vulnerable children in engage with YIPPSA more actively. One of the outcomes of this trip South African schools. YIPPSA was invited to attend and participate was a visit of university students from the Student Movement for Real in the CASNET quarterly meetings, and will be assisting in setting up Change (SMRC) based in Washington DC. Students visited two of the the Western Cape branch of CASNET during 2008. Samantha Castle schools on the YIPPSA programme and engaged with YIPPSA comments: “It is a wonderful forum of learning and sharing of participants around their philanthropic initiatives, commenting: "We experience and resources.” are definitely inspired by the YIPPSA participants and the programme." We would also like to extend our gratitude to the nine schools that Amongst YIPPSA successes for 2007 is the YIPPSA website “Go Live” participated in the YIPPSA programme in 2007. in October 2007. The site provides a space for YIPPSA to communicate key foci and achievements, and is a platform for the These schools are: Cape Town High School, St Andrews High programme to build greater interactivity for, and engagement with, School, Luhlaza High School, Manenberg High School, Langa High youth who are active in philanthropy worldwide. This site is School, Zwaanswyk High School, Herzlia High School, Milnerton accessible on www.inyathelo.co.za/yippsa for detail on the High School and Oude Molen Technical High School. Thank you to programme. YIPPSA’s Programme coordinator, Samantha Castle, the YIPPSA learners and teachers who work with us consistently to travelled to New York and Washington DC in April 2007 to develop and improve this programme. YIPPSA would also like to Inyathelo AR08-Final:Inyathelo AR08-Final 8/20/08 12:54 PM Page 21

take this opportunity to express great appreciation to its sponsors for their support during 2007. A special thanks to Dial-A-Nerd, Kult Creative, Sekunjalo Investment, the Zenex Foundation and the City of Cape Town.

YIPPSA Quotes from participants

“A life changing experience which makes me look at who I am and what I can do for others without expecting something in return”.

“ A stepping stone for greater things to come in life about philanthropy, even beyond Inyathelo”.

“ A programme that changes the views of learners to become a better person”.

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2. The Inyathelo Philanthropy Awards their giving publicised and profiled. The Programme programme is based on “once others see what you are doing, they can also see what they could The Inyathelo Philanthropy Awards Programme has be doing”. been established to grow local philanthropic giving for sustainable social development by The Inyathelo Philanthropy Awards are based on a identifying and awarding local role-model nomination-and-review process. The inaugural Call philanthropists who have demonstrated vision, for Nominations was sent out on 31st May 2007, innovation, sustainability and leadership in their with two reminder follow-ups in June and July, to giving. Launched in March 2007, this programme about 4,000 recipients largely from the NPO sector was established specifically to identify philanthropic but also including many individuals and some role-models who, through their leadership and donors. In response to this call, Inyathelo received excellence in giving, can stand as examples to 52 nominations for individuals doing remarkable encourage other South Africans to initiate their social development work across South Africa. The own forms of giving. Through this, Inyathelo seeks first Awards Review Panel comprised 8 panel to break down traditions of reluctance in South members, as follows: Africa on the part of individuals towards having Inyathelo AR08-Final:Inyathelo AR08-Final 8/20/08 12:54 PM Page 23

Ms Shelagh Gastrow, Executive Director, Inyathelo; Dr Iqbal Surve, a. The Inyathelo Award for Youth in Philanthropy Inyathelo Trustee; Dr Mills Soko, Inyathelo Trustee; Ms Taweni Xaba, – Lindela Mjenxane Editor, The Deal magazine; Ms Sizile Mabaso, TBS Consulting, BoE b. The Inyathelo Award for Philanthropy in Health Private Bank; Ms Amelia Jones, CEO, Community Chest Western – Amanda Bloch Cape; Ms Tracy Fortune, CEO, NonProfit Consortium; and Mr c. The Inyathelo Award for Philanthropy in the Arts Nkosinathi Biko, CEO, Steve Biko Foundation. – Vivien Cohen d. The Inyathelo Award for Women in Philanthropy The panel met three times, to agree the process, to review the – Dudu Myeni submissions and to finalise the awardees. Of the 52 nominations, e. The Inyathelo Award for Family Philanthropy approximately 56% met the criterion of having used their own – Raymond Ackerman, Wendy Ackerman, Kathy Robins and personal money to initiate or support a strategic social Suzanne Ackerman-Berman development initiative. From these 29 submissions, taking into f. The Inyathelo Award for Community Philanthropy account both the specific criteria for the four award categories and – Mufumbe Mateso the excellence of the nominees, the Awards Review Panel decided g. The Inyathelo Award for Community Philanthropy to make eight awards, as follows: – Anthony and Hillary Hamburger h. The Inyathelo Award for Lifetime Philanthropy – Edgar Droste

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The Inyathelo Using the services of an event management beyond. The Awards programme has already Philanthropy company, Inyathelo hosted its inaugural Awards highlighted significant information gaps, and Awards dinner on 28th November 2007 in Cape Town. specific donor needs, and has touched on programme has With 360 guests, and with Tumi Makgabo as potential sector- and culture-specific differences Director of Ceremonies, Inyathelo was very pleased with respect to privacy, confidentiality, anonymity, highlighted the to have the Hon Minister of Finance, Mr Trevor sensitivity etc in individual giving. dearth of Manuel, as the keynote speaker. In addition, Prof information Brian O’Connell addressed the audience, 3. The Philanthropists’ Network available on challenging South Africans to increase giving. While there have been initiatives in the past to individual The Inyathelo Philanthropy Awards programme encourage networking amongst individual South philanthropic has highlighted the dearth of information available African philanthropists, there has been no formal giving in South on individual philanthropic giving in South Africa, local network since the closure of the Southern Africa. and the extent to which we rely on stats, figures African Grantmakers Association in 2006. To and giving models from the US and the UK. This address this gap, Inyathelo has kickstarted a

GABY RITCHIE, PHILANTHROPY will assist in shaping key research questions for networking initiative to create an experience- PROGRAMME MANAGER the Philanthropy Programme for 2008 and sharing, peer-learning opportunity for local Inyathelo AR08-Final:Inyathelo AR08-Final 8/20/08 12:54 PM Page 25

philanthropists to get together to discuss opportunities, challenges The Philanthropy Media Campaign 2007 and experiences in the local grant-making environment. Further, Inyathelo will be broadening the scope of its engagement with A main thrust of the Philanthropy Programme, along with identifying local philanthropists by developing a number of specialised services individual awardees, has been to raise the levels of exposure of, to include training, distribution of research and other philanthropy and debates around, philanthropy in the media – towards reports and resources. encouraging discussion and debate about, and practice of, philanthropic giving, and to educate various sectors of the South The first network meeting was held on 28th January, attended by Africa public about philanthropy. Inyathelo’s philanthropy-focused 11 local philanthropists and two journalists. This meeting took the media campaign was launched in April 2007 with the contracting form of a focus group, guided by specific questions, to assist of PR services of Total Media, a dedicated PR company. The media Inyathelo in formulating a suite of products, services and workshop value to date, based on an investment of approximately R300,000 topics to offer to South African philanthropists towards effective resulted in more than R4.5 million worth of media coverage (based grantmaking. Inyathelo was fortunate in having an opportunity in on standard media formulae of column centimeters and on-air March 2008 to host a meeting between South African minutes). Media coverage is set to continue throughout 2008 with philanthropists and philanthropists from the USA. This meeting radio and TV interviews, and magazine and news articles. provided a forum to share experiences of and challenges within the respective philanthropy environments.

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Message from the Senior Programme Coordinator

NAZLI ABRAHAMS Inyathelo AR08-Final:Inyathelo AR08-Final 8/20/08 12:54 PM Page 27

27 A year of exceptional growth

010 is the final year for the Kresge Special Initiative in The other question that has often been asked is, “How is learning South Africa, a programme which involves four and practice related to experience and how should it be related?” universities and one hospital developing their In other words, is experience reconstructed to match existing and Advancement capacity to ensure long-term changing contexts and is the relationship between thinking and institutional and financial sustainability. learning fundamental in that it asserts the notion that no 2 experience can have meaning without a strong element of thought The question on participants’ minds is “Is there a clear vision as to and analysis? the ultimate goal for 2010?”. This raised even more questions as grantees asked themselves and each other “What does programme As a result of lively and rigorous debates amongst the grantees, success look like for the Kresge Foundation?”, “What does building on the lessons learnt over the past year and in attempting programme success look like for grantees” and, “How will grantee to answer the above questions, it was felt that the strategic shifts institutions continue to deliver on the programme’s overall goals articulated by Inyathelo and grantee institutions earlier in the year within the Kresge programme?”. remained both necessary and relevant. These shifts included

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identifying the need to create time and space within the KSI the overall institutional culture, human capacity, group dynamics, Programme for reflection on Advancement practice and its and the business of cultivation and solicitation. Institutional culture application, the assessment of broad impact as it relates to the and the systemic positioning of advancement are more critical now grantee institutions and any possible ripple effect, and the than ever before to the overall success of the programme and are development of Advancement models for differing contexts. catalytic for embedding the business of advancement into the wider university consciousness and operations. There continue to be shifts in the way Advancement is practised and understood. Grantees are starting to define, redefine and refine While the initiative has certainly changed the way grantees talk what the advancement of their respective institutions means – as it about and view their advancement practices, it has not been relates to the broader institution and its particular context, and not without considerable challenges along the way. only to its fundraising operation. What is abundantly clear is that the advancement operation cannot Incredible progress has been made toward instituting operate in isolation of the larger institution; that advancement is comprehensive advancement structures. However, lessons learned about the promotion of real systemic organizational change; and during the course of the programme point to a difficulty in that an alignment with larger institutional strategic priorities is understanding and working with a number of factors which include critical to the success of the advancement operation. The Kresge Inyathelo AR08-Final:Inyathelo AR08-Final 8/20/08 12:54 PM Page 29

Special Initiative in South Africa Programme has highlighted the Knowledge Dissemination shortage of information available on advancement practice and its application in South Africa, and the extent to which we rely on best Knowledge dissemination is an invaluable component of this practice models from the US, Canada and the UK. In trying to Initiative and is of key importance. Not only are we involved with consider all of the above-mentioned alignments and the scarcity of dissemination of knowledge, we are also involved with the transfer information as it relates to a South African experience, institutions of knowledge. Over the course of the year, two key concerns were are only too aware of the challenges it presents. noted with regard to current processes and practices of dissemination within the KSI programme. These are: In an effort to implement the identified strategic shifts, Inyathelo developed a set of milestones and articulated “success” indicators > to make knowledge accessible and for the Special Initiative that would come under review annually for > to make knowledge usable. the duration of the programme. Having articulated a clear set of Inyathelo milestones, the beginnings of a strong support network is Without discounting the importance of the annual publications, we becoming evident in the way grantee institutions engage with and have recognised the importance of dissemination, diffusion and support each others’ work. transfer of knowledge much more broadly than only traditional

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The Kresge academic refereed publications (what is the link Monitoring And Evaluation Special Initiative between “annual publications” and “traditional in South Africa academic refereed publications”).. An integral part of this Initiative’s success is the Programme has continued process of monitoring and evaluation. It In this regard, alongside the programme’s regular is important to iterate that Inyathelo programmes highlighted the annual publication, we are working at developing develop annual operational plans with defined shortage of tangible training and instructional materials, much milestones towards the achievement of the overall information in a multimedia mode. We have since explored strategic programme goals. The Programme available on gaming, animation, 3D, video and virtual reality Coordinator therefore not only tracks and monitors advancement aspects of educational products. To this end we the progress of participating institutions, but also practice and its have completed the production of an interactive Inyathelo’s progress in line with its own application in multi-media CD titled “The Advancement programme milestones. This is towards ensuring South Africa. Challenge”. This CD is based on the experiences that the desired outcomes are achieved in line and learnings of the Kresge Special Initiative with the criteria, aims and objectives of the NAZLI ABRAHAMS, SENIOR participants. This tool is not just a documentation programme. We will continue to define long term PROGRAMME COORDINATOR, of learnings, but is also an attempt to disseminate programme success not only as it relates to The KRESGE FOUNDATION SPECIAL INITIATIVE IN SOUTH AFRICA knowledge in an interactive and usable way. Kresge Foundation’s vision of success, but also as Inyathelo AR08-Final:Inyathelo AR08-Final 8/20/08 12:54 PM Page 31

it relates to the visions of the grantee institutions. A monitoring framework was developed over the course of the year and piloted at the end-of-year site visits. The framework was further used by the assessor to cross check against the evaluation framework.

The coordinator continues to review the current site visit schedule and assessment schedule to fit more strategically with grantee’s own review processes so that within the programme we indirectly encourage and start building internal evaluative practice at each of the grantee institutions.

The 2007 – 2008 reporting year has seen major advances both in how the Kresge Foundation Special Initiative is being implemented, and in terms of how grantee institutions are grappling with – and addressing – the challenges they face in developing Advancement practices applicable to our various local contexts.

inyathelo: the south african institute for advancement ANNUAL REPORT 2008 Inyathelo AR08-Final:Inyathelo AR08-Final 8/20/08 12:54 PM Page 32

Message from the Senior Programme Coordinator DR VICKI PINKNEY-SMITH Inyathelo AR08-Final:Inyathelo AR08-Final 8/20/08 12:54 PM Page 33

33 Strengthening the nursing sector

he Atlantic Philanthropies has implemented a series of interventions in South Africa to strengthen the nursing profession. The ultimate aim is to inspire and enable nurses to transform nursing from within by assisting with targeted support and capacity building. ThisT is particularly pertinent at a time when the profession faces many major challenges especially in the educational arena.

One part of the intervention is the approval by The Atlantic Inyathelo’s contribution to this broad transformation vision is to Philanthropies of a R70m four-year programme to strengthen manage and administer the University–based Nursing Education nursing education at South African universities. Inyathelo was in South Africa (UNEDSA) programme. UNEDSA has the appointed by The Atlantic Philanthropies in September 2007 to following goals: manage and administer the programme.

inyathelo: the south african institute for advancement ANNUAL REPORT 2008 Inyathelo AR08-Final:Inyathelo AR08-Final 8/20/08 12:54 PM Page 34

The ultimate aim > To strengthen the management, strategic volume of student nurses from a broader social is to inspire and planning and leadership capacity at university- and academic base. enable nurses to based nursing education institutions to build transform nursing responsive, innovative and sustainable entities; > To improve job satisfaction and facilitate career development of nurses. from within, by > To increase the supply and capacity of nurse assisting with educators; > To strengthen the ability of nursing education targeted support institutions to engage with government, and capacity > To reinforce the relevance of nursing education particularly on issues relating to nursing in meeting the changing needs of: education, including its funding and resourcing. building.

I the public health system, The appointment of the Senior Programme Co- DR VICKI PINKNEY-SMITH, SENIOR PROGRAMME COORDINATOR, I its primary care orientation, ordinator, Dr Vicki Pinkney-Atkinson, a registered UNEDSA I improved equity in access to health care. nurse, in January signified the commencement of the programme. Significantly, all but one of the 20 > To support the capacity of the training university nursing departments attended the institutions to attract and recruit a higher inaugural meeting in February 2008. The Inyathelo AR08-Final:Inyathelo AR08-Final 8/20/08 12:54 PM Page 35

participants were clearly excited by the prospect of being selected to receive only five four-year grants. Significantly 78% of the workshop participants completed the first phase of the application! Applicants are invited to dream of what they can do to achieve transformation in nursing education at this critical juncture. In particular, phase two of the application process is aimed at grounding the dreams in reality and concurrently meeting the health needs of the country. This is achieved by the staggered selection process which involves visits to the applicant organisations by The Atlantic Philanthropies, Inyathelo and an external consultant. Two visits per organisation will help to get a o 360 view of each individual situation.

This is simply the beginning of the stewardship of the grants that will have a major impact on the transformation of nursing at this critical juncture. Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 36

36 Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 37

37 Financial Report

THE SOUTH AFRICAN INSTITUTE FOR ADVANCEMENT TRUST (Masters reference IT 2285/2002)

ANNUAL FINANCIAL STATEMENTS for the year ended 29 February 2008

Trustees Registered office Bankers Auditors R E Van der Ross 27th Floor Nedbank, a division of Mazars Moores Rowland S F Gastrow 1 Thibault Square Nedcor Bank Limited Cape Town L Kaunda Cape Town G J Lundy 8001 T M F Phaswana M Soko M I Surve Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 38

38 THE SOUTH AFRICAN INSTITUTE FOR ADVANCEMENT TRUST FINANCIAL STATEMENTS for the year ended 29 February 2008

The reports and statements set out below comprise the annual financial statements presented to the trustees:

INDEX PAGE APPROVAL OF THE ANNUAL FINANCIAL STATEMENTS

Report of the independent auditors 39 - 40 The financial statements which appear on pages 41 to 60 were Report of the trustees 41 - 42 approved by the trustees on 13 May 2008 and signed on their Balance sheet 43 behalf by: Income statement 44 Statement of changes in equity 45 Cash flow statement 46 Notes to the financial statements 47 - 57

The following supplementary schedule does not form R E Van der Ross S F Gastrow part of the financial statements, and is unaudited. Detailed income statement 58 - 60 Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 39

39 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE SOUTH AFRICAN INSTITUTE FOR ADVANCEMENT TRUST

We have audited the annual financial statements of The South African Auditor's Responsibility Institute for Advancement Trust, which comprise the trustees’ report, the Our responsibility is to express an opinion on these financial statements balance sheet as at 29 February 2008, the income statement, the based on our audit. We conducted our audit in accordance with statement of changes in equity and cash flow statement for the year International Standards on Auditing. Those standards require that we then ended, a summary of significant accounting policies and other comply with ethical requirements and plan and perform the audit to explanatory notes, as set out on pages 41 to 60. obtain reasonable assurance whether the financial statements are free from material misstatement. An audit involves performing procedures to Trustees' Responsibility for the Financial Statements obtain audit evidence about the amounts and disclosures in the The trust's trustees are responsible for the preparation and fair presentation financial statements. The procedures selected depend on the auditor's of these financial statements in accordance with the basis of accounting judgment, including the assessment of the risks of material described in Note 1 and in the manner required by the Trust Deed. This misstatement of the financial statements, whether due to fraud or error. responsibility includes: designing, implementing and maintaining In making those risk assessments, the auditor considers internal control internal control relevant to the preparation and fair presentation of relevent to the trust's preparation and fair presentation of the financial financial statements that are free from material misstatement, whether due statements in order to design audit procedures that are appropriate in to fraud or error; selecting and applying appropriate accounting policies; the circumstances, but not for the purpose of expressing an opinion on and making accounting estimates that are reasonable in the circumstances. the effectiveness of the trust's internal control. An audit also includes Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 40

40 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE SOUTH AFRICAN INSTITUTE FOR ADVANCEMENT TRUST

evaluating the appropriateness of accounting policies used and the financial statements are not intended to, and do not, comply with all reasonableness of accounting estimates made by the trustees, as well the requirements of South African Statements of Generally Accepted as evaluating the overall presentation of the financial statements. Accounting Practice.

We believe that the audit evidence we have obtained is sufficient and Supplementary information appropriate to provide a basis for our audit opinion. The supplementary schedule set out on page 60 does not form part of The trust's policy is to prepare the financial statements on the basis of the annual financial statements and is presented as additional accounting as set out in Note 1 to the financial statements. information. We have not audited this schedule and accordingly we do not express an opinion on it. Opinion In our opinion, the accompanying financial statements have been prepared, in all material respects, in accordance with the basis of MAZARS MOORES ROWLAND accounting described in Note 1. Registered Auditor 13 May 2008 Emphasis Cape Town Without qualifying our opinion, we emphasise that the basis of Partner: David Resnick accounting and the presentation and disclosures contained in the Chartered Accountant (SA) Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 41

41 THE SOUTH AFRICAN INSTITUTE FOR ADVANCEMENT TRUST REPORT OF THE TRUSTEES for the year ended 29 February 2008

The trustees present their report for the year ended 29 February 2008. absolute, assurance as to the reliability of the financial statements, This report forms part of the audited financial statements. and to adequately safeguard, verify and maintain accountability of assets, and to prevent and detect misstatement and loss. Nothing 1. General review has come to the attention of the trustees to indicate that any The trust's business and operations and the results thereof are material breakdown in the functioning of these controls, procedures clearly reflected in the attached financial statements. The trust carries and systems has occurred during the year under review. The on the business of developing and training other similar financial statements have been prepared on the going con cern organisations to obtain funding. basis, since the trustees have every reason to believe that the trust has adequate resources in place to continue in operation for the 2. Statements of responsibility foreseeable future. The trustees are responsible for the maintenance of adequate accounting records and the preparation and integrity of the financial 3. Property, plant and equipment statements and related information. The auditors are responsible to There have been no major changes in the property, plant and report on the fair presentation of the financial statements. The equipment during the period or any changes in the policy relating trustees are also responsible for the trust's system of internal to their use. financial control. These are designed to provide reasonable, but not Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 42

42 THE SOUTH AFRICAN INSTITUTE FOR ADVANCEMENT TRUST REPORT OF THE TRUSTEES for the year ended 29 February 2008

4. Events subsequent to year end During the year G J Lundy was appointed as trustee. There have been no facts or circumstances of a material nature that have occurred between the accounting date and the date of 6. Auditors this report. Mazars Moores Rowland will continue in office in accordance with section 270(2) of the Companies Act. 5. Trustees The trustees of the trust during the accounting period and up to the date of this report were as follows:

R E Van der Ross S F Gastrow L Kaunda G J Lundy T M F Phaswana M Soko M I Surve Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 43

43 THE SOUTH AFRICAN INSTITUTE FOR ADVANCEMENT TRUST BALANCE SHEET as at 29 February 2008

2008 2007 Assets R R Non-current asset Investments 3 3,208,355 1,561,605 Current assets 10,662,065 5,574,169 Trade and other receivables 4 82,306 27,896 Cash and cash equivalents 10.2 10,579,759 5,546,273

Total assets 13,870,420 7,135,774

Equity and liabilities Capital and reserves 13,865,219 7,115,146 Trust capital 5 100 100 General reserve 8,910,325 7,115,046 Distributable reserve 4,954,794 - Current liability Trade and other payables 6 5,201 20,628

Total equity and liabilities 13,870,420 7,135,774 Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 44

44 THE SOUTH AFRICAN INSTITUTE FOR ADVANCEMENT TRUST INCOME STATEMENT for the year ended 29 February 2008

2008 2007 Note R R

Gross revenue 10,971,657 2,971,606 Other income 1,692,591 1,411,290 Operating costs (6,833,312) (5,318,124)

Operating profit/(loss) 5,830,936 (935,228) Investment income 8 919,137 643,524

Profit/(Loss) for the year 6,750,073 (291,704) Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 45

45 THE SOUTH AFRICAN INSTITUTE FOR ADVANCEMENT TRUST STATEMENT OF CHANGES IN EQUITY for the year ended 29 February 2008

General Accumulated Trust capital reserve profit Total RRRR

Balance at 01 March 2006 100 7,406,750 - 7,406,850 Loss for the year - (291,704) (291,704) Transfer to General Reserve (291,704) 291,704 -

Balance at 01 March 2007 100 7,115,046 - 7,115,146 Profit for the year - 6,750,073 6,750,073 Transfer of profit to general reserve 1,795,279 (1,795,279)

Balance at 29 February 2008 100 8,910,325 4,954,794 13,865,219 Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 46

46 THE SOUTH AFRICAN INSTITUTE FOR ADVANCEMENT TRUST CASH FLOW STATEMENT for the year ended 29 February 2008

2008 2007 Notes R R Cash flows from operating activities 7,001,715 (512,271) Cash generated by/(utilised in) operating activities 10.1 6,082,578 (1,155,795) Investment income 816,382 643,524 Dividends received 102,755 –

Cash flows from investing activities (1,968,229) (1,328,948)

Expenditure to maintain operating capacity Property, plant and equipment acquired (566,656) (22,386)

Expenditure for expansion Investments (1,401,573) (1,306,562)

Increase/(decrease) in cash and cash equivalents 5,033,486 (1,841,219) Cash and cash equivalents at beginning of the year 10.2 5,546,273 7,387,492

Cash and cash equivalents at end of the year 10.2 10,579,759 5,546,273 Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 47

47 THE SOUTH AFRICAN INSTITUTE FOR ADVANCEMENT TRUST NOTES TO THE FINANCIAL STATEMENTS at 29 February 2008

1. Basis of preparation The financial statements are prepared in accordance with the basis of accounting described below. The financial statements are prepared under the historical cost method. Unless otherwise specifically stated, this basis is consistent with that of the previous year.

1.1 Revenue recognition Revenue is recognised once donations and grants have been received.

1.2 Investments Investments are recognised and derecognised on a trade date basis where the purchase or sale of an investment is under a contract whose terms require delivery of the investment within the timeframe established by the market concerned.

Investments are measured initially and subsequently at fair value, gains and losses arising from changes in fair value are included in profit or loss for the period.

1.3 Property, plant and equipment All property, plant and equipment are initially recorded at cost. All assets are written off in full in the year of purchase. Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 48

48 THE SOUTH AFRICAN INSTITUTE FOR ADVANCEMENT TRUST NOTES TO THE FINANCIAL STATEMENTS at 29 February 2008

1.4 Cash and cash equivalents Cash and cash equivalents consist of bank balances.

1.5 Trade and other receivables Trade receivables are recognised and carried at the original invoice amount.

1.6 Trade payables Trade payables are initially measured at fair value and are subsequently measured at amortised cost, using the effective interest rate method. Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 49

49 THE SOUTH AFRICAN INSTITUTE FOR ADVANCEMENT TRUST NOTES TO THE FINANCIAL STATEMENTS at 29 February 2008

2. Property, plant and equipment 2008 2007 Accumulated Accumulated Cost depreciation Carrying value Cost depreciation Carrying value RR RRR R

Owned assets Audiovisual equipment 96,178 96,178 - 96,178 96,178 - Furniture and fittings 766,756 766,756 - 311,024 311,024 - Telephone equipment 59,414 59,414 - 19,809 19,809 - Office equipment 69,967 69,967 - 46,744 46,744 - Computer equipment 376,709 376,709 - 342,117 342,117 - Computer software 38,264 38,264 - 38,264 38,264 -

1,407,288 1,407,288 - 854,136 854,136 - Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 50

50 THE SOUTH AFRICAN INSTITUTE FOR ADVANCEMENT TRUST NOTES TO THE FINANCIAL STATEMENTS at 29 February 2008

The carrying amounts of property, plant and equipment can be reconciled as follows:

Carrying value Carrying value at beginning at end of year Additions Depreciation of year 2008 RR R R

Owned assets Furniture and fittings - 469,236 (469,236) - Telephone equipment - 39,605 (39,605) - Office equipment - 23,223 (23,223) - Computer equipment - 34,592 (34,592) -

- 566,656 (566,656) - Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 51

51 THE SOUTH AFRICAN INSTITUTE FOR ADVANCEMENT TRUST NOTES TO THE FINANCIAL STATEMENTS at 29 February 2008

2008 2007 RR 3. Investments

Listed shares at market value 3,208,355 1,561,605

The trust held investments in the following companies:

Number of shares 2008 2007 Listed Anglo Platinum Ltd 100 100 124,000 103,000 Anglos PLC 373 300 185,970 103,206 Aveng Ltd 1,754 2,000 108,748 79,000 Billiton PLC 900 900 229,320 130,689 Firstrand Ltd 4,000 3,000 74,800 71,850 Goldfields Ltd 1,000 500 109,500 62,480 Liberty International PLC 800 500 118,000 86,425 Massmart Holdings Ltd 1,000 1,000 72,000 83,900 Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 52

52 THE SOUTH AFRICAN INSTITUTE FOR ADVANCEMENT TRUST NOTES TO THE FINANCIAL STATEMENTS at 29 February 2008

The trust held investments in the following companies: 2008 2007 RR Number of shares 2008 2007 Pick 'n Pay Holdings Ltd 3,000 3,000 38,700 44,520 Richmont Securities AG 2,000 2,000 90,600 79,780 Remgro Ltd 300 300 60,900 51,585 SABMiller PLC 500 500 81,500 80,275 Sasol Ltd 300 300 120,750 69,900 Standard Bank Ltd 622 500 61,267 50,250 PPC Cement 1,000 - 42,800 - Tiger Brands 200 - 28,002 - City Lodge 500 - 37,775 - Discovery Holdings Limited 168 - 4,604 - ABSA Bank Ltd Pref's 300 - 264,000 - FirstRand B Pref's 3,000 - 262,200 - Nedbank Pref's 30,000 - 316,500 - Standard Bank Pref's 3,000 - 295,500 -

2,727,436 1,096,860 Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 53

53 THE SOUTH AFRICAN INSTITUTE FOR ADVANCEMENT TRUST NOTES TO THE FINANCIAL STATEMENTS at 29 February 2008

2008 2007 RR Number of shares 2008 2007 Collective investment scheme USD High Growth International Multifund 3,989 3,989 480,919 464,745

480,919 464,745

The above shares are classified as held for trading and is shown at market value with the profit or loss taken to the income statement. Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 54

54 THE SOUTH AFRICAN INSTITUTE FOR ADVANCEMENT TRUST NOTES TO THE FINANCIAL STATEMENTS at 29 February 2008

2008 2007 RR 4. Trade receivables VAT 43,806 25,896 Deposit 38,500 - Sundry debtor - 2,000 82,306 27,896

5. Trust capital Capital account Initial donation 100 100

6. Trade payables Sundry creditors 5,202 20,628

7. Grants received Current projects 5,929,444 2,345,306 Future projects 4,954,793 570,000

10,884,237 2,915,306 Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 55

55 THE SOUTH AFRICAN INSTITUTE FOR ADVANCEMENT TRUST NOTES TO THE FINANCIAL STATEMENTS at 29 February 2008

2008 2007 RR 8. Investment income Interest income - Interest received 816,382 626,891 Dividend income - Dividends received from listed companies 102,755 16,633

919,137 643,524

9. Commitments Operating lease commitments The future minimum lease payments under non-cancellable operating leases are as follows: Not later than 1 year 237,930 312,472 Later than 1 year and not later than 5 years 1,067,538 1,095,560

1,305,468 1,408,032 Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 56

56 THE SOUTH AFRICAN INSTITUTE FOR ADVANCEMENT TRUST NOTES TO THE FINANCIAL STATEMENTS at 29 February 2008

2008 2007 RR 10. Notes to the cash flow statement

10.1 Cash generated by/(utilised in) operating activities

Net profit/(loss) 6,750,073 (291,704) Adjustments for: Depreciation 566,656 22,386 Investment income (919,137) (643,524) Profit on fair value adjustment of investments (245,177) (255,043)

6,152,415 (1,167,885) Movements in working capital Increase in trade and other receivables (54,410) (2,245) (Decrease)/increase in trade and other payables (15,427) 14,335

6,082,578 (1,155,795) Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 57

57 THE SOUTH AFRICAN INSTITUTE FOR ADVANCEMENT TRUST NOTES TO THE FINANCIAL STATEMENTS at 29 February 2008

2008 2007 RR

10.2 Cash and cash equivalents

Cash and cash equivalents consist of cash on hand and balances with banks. Cash and cash equivalents included in the cash flow statement comprise the following balance sheet amounts: Cash and cash equivalents 10,579,759 5,546,273

11. Comparative figures

Certain comparative figures have been reclassified. Inyathelo AR08FinFinalQ7:InyatheloFinanceFinal8/20/0812:56PMPage58

THE SOUTH AFRICAN INSTITUTE FOR ADVANCEMENT TRUST DETAILED INCOME STATEMENT for the year ended 29 February 2008

This is the start of the detailed income statement

2008 2007 RR

Gross revenue 10,971,657 2,971,606

Donations 87,420 56,300 Grants 10,884,237 2,915,306

Income 2,611,728 2,054,814

Cost recovery fees 1,447,414 1,137,332 Dividends received 102,755 16,633 Fair value adjustment on investments 245,177 255,043 Interest received 816,382 626,891 Sundry income - 18,915

Total income 13,583,385 5,026,420 Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 59

59 RR 2008 2007 THE SOUTH AFRICAN INSTITUTE FOR ADVANCEMENT TRUST ADVANCEMENT FOR INSTITUTE THE SOUTH AFRICAN INCOME STATEMENT DETAILED 2008 for the year ended 29 February Expenditure and Advertising, promotions, marketing publicationsAudit and accounting fees chargesBank and brokerage CleaningDepreciationDissemination of knowledgeProgrammes and projectsHire of equipmentInsurance (6,833,312) 66,655 67,570 rentalsLease expensesLegal (5,318,124) General expenses 171,535 44,000 91,350 271,137 postage and Printing, stationery, 1,269,979office suppliesRepairs and maintenance 484,532 Resource material 327,307 566,656Salaries 14,553 - 63,050Secretarial feesService providers and consultants 22,386 Staff development 18,277 Telecommunications 264,605 57,444 26,973 - localTravel 6,470 3,443 74,565 - overseasTravel 772,030Utilities 322,292 developmentWebsite 25,345 91,180 52,147 32,527 1,840 3,740 749,602 Profit/(loss) for the year 168,654 22,838 2,497,918 22,948 60,878 - 2,333,534 231,931 98,778 172,668 11,120 65,931 6,750,073 19,662 290,411 153,495 (291,704) 18,110 - 19,370 Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 60 Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:56 PM Page 61

61 Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:57 PM Page 62

Inyathelo Staff

BACK ROW: LEFT TO RIGHT Ken Mutuma Lazarus Matizirofa Peter Hendricks Celia-Ann Adams Briony Petersen Shelagh Gastrow Nazli Abrahams Sharleen Simpson Cassandra Smith Bea Abrahams Ricardo Wyngaard Mandlakapheli Hermanus

FRONT ROW Samantha Castle Dianne Poyo Afrika Kashe Soraya Joonas Gaby Ritchie James Senokwanyane Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:57 PM Page 63 Inyathelo AR08 FinFinal Q7:Inyathelo AR08 Finance Final 8/20/08 12:57 PM Page 64

Our Supporters

Inyathelo would like to thank the following organisations and David Graaff Foundation individuals who have given financial support over the past year: Ms Shelagh Gastrow Mr Benny Rabinowitz International The City of Cape Town The Atlantic Philanthropies Dial A Nerd The Kresge Foundation Kult Creative The Ford Foundation The Sekunjalo Investment Group The Charles Stewart Mott Foundation Belairs Trust The Carnegie Corporation of New York Inyathelo would also like to thank the following for their South African sponsorship of the Inyathelo Philanthropy Awards Event 2007: The Open Society Foundation for South Africa The Anglo American Chairman’s Fund BOE Private Clients The Stella & Paul Loewenstein Charitable and Educational Trust The O’Shea Foundation The Zenex Foundation Johnnie Walker Inyathelo AR08-Inside Cover:Layout 1 8/20/08 12:58 PM Page 1

C M Y CM MY CY CMY K inyathelo: the south african institute for advancement

TM The South African Institute for Advancement ANNUAL REPORT 2008

NPO REGISTRATION: 023-432-NPO | TRUST REGISTRATION: IT2285/2002 energising civil society by inspiring a passion for philanthropy

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