In the face of significantly declining government subsidy, the University of Cape Town seeks to grow its endowment
The Distinguishing UCT Campaign aims to grow UCT’s general endowment, as well as the respective endowments of key faculty priorities.
An endowment is a dedicated and permanent source of funding that underwrites a university's ability to work towards its vision and mission.
UCT’s endowment comprises the so-called 'designated' and 'undesignated' endowment funds. (The collective endowment portfolio is made up of some 565 individual funds in total). The designated endowment has a total investment value of around R2,5 billion. The value of the undesignated endowment currently sits at around R500 million. The primary goal of the Distinguishing UCT campaign is to grow the value of the undesignated endowment funds to one billion rand.
Many donors and alumni have already stepped forward and to date have pledged almost R100 million towards the Campaign.
Why Endowment ?