year in review 2018 Paperturn - Page 31



2018: A YEAR IN REVIEW | VICE-CHANCELLOR’S OVERVIEW
additional R123 million was raised
through the campaign for capital
and infrastructure projects, mostly
notably a building project for a new
Neuroscience Centre, which will be a
global leader in the field.
Alumni engagements in 2018 saw
new relationships forged in Mauritius
and Zimbabwe, bringing UCT to a
total of 12 alumni chapters around
the world. Apart from events across
South Africa, DAD hosted alumni
at special engagements in Namibia,
Ghana and Australia.
One of the highlights of the
national events was co-hosted with
PricewaterhouseCoopers (PwC) to
introduce Vice-Chancellor Professor
Mamokgethi Phakeng to almost
200 alumni as part of Women’s
Month celebrations on 29 August.
Alumni Lifestyle Events have been
an innovative platform to engage with
alumni through their participation in
sporting, music and cultural events.
The Cape Town Cycle Tour presented
one such opportunity, where DAD
hosted a post-event hospitality suite
for UCT alumni cyclists.
With 2018 being UCT’s centenary
as a degree-issuing institution, DAD
hosted a seminar series that explored
the tenures of each of UCT’s nine
former vice-chancellors. Keynote
speakers offered insights into these
nine periods of the university’s
history, with critical commentary
on building the next century on
a transformative foundation of
knowledge.
It is encouraging to note that there
was an almost even split between
national (49%) and international
donations (51%), demonstrating the
confidence that local donors have in
our university and the support that the
university still enjoys on a global scale.
Against the backdrop of national
concerns about the affordability
of university studies, it is worth
noting that the Department of
Student Affairs received the highest
percentage of the total donations:
22.5% or R91 million. Most of this
was allocated to student financial
aid, including historic debt relief, and
student wellness.
While funding trends usually favour
the Faculty of Health Sciences, along
with the STEM (science, technology,
engineering and mathematics)
subjects, the Faculty of Humanities
received the highest faculty donations
in 2018: R70 million or 17.3%.
Since 2015 the number of donors
to the Distinguishing UCT campaign
has grown to 394, and the current
value of the university’s unrestricted
endowment has grown from R500
million to R673 million. A range of key
areas, from bursaries, scholarships,
student health and financial aid, to
infrastructure and strategic projects
are supported by these cash reserves.
In 2018, for example, UCT
invested R150 million in bursaries
and scholarships for financially
eligible students thanks to
support from the returns on the
unrestricted endowment. An
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