Background to the formation of the Foundation

SAAFoST established the SAAFoST Foundation in 2012 – which will administer all SAAFoST academic prizes, awards and bursaries.

The last 8 years have seen a significant increase in the amount of support being given to students studying food science and technology at South African tertiary institutions. SAAFoST annually sponsors several academic initiatives ranging from supporting events for students (Ingredients Days, Career Roadshows, attendance of Congresses etc.) to academic prizes, bursaries, scholarships, travel grants and study grants. These are financed mainly from funds generated through events, membership fees and some donations.

The successful hosting of the 15th IUFoST World Congress of Food Science and Technology in August 2010 also resulted in the generation of surplus funds, and the idea has always been to “invest” these in the future food scientists of South Africa.

In order to properly focus on investing these funds in bursaries for food science and technology it was decided to create the SAAFoST foundation to administer all academic prices, awards and bursaries.

The SAAFoST Foundation will result in several advantages, in that clearer, more transparent accounting can be done of the support given to students studying food science and technology, selection of bursars would be more transparent, donors (either individuals or companies) would have a clearer picture of exactly what their donation is being used for and assist Companies with their BBBEE accreditation.

Objectives of the Foundation

  1. The Foundation’s main objective is to administer the Bursaries and Academic prizes awarded by SAAFoST. These include Travel Grants, Aubrey Parsons Study Grants, Koeppen Memorial Scholarships, Matric Bursaries, Undergraduate Bursaries and Pieter van Twisk Academic Achievement Awards. This will make the allocation of awards more transparent;
  2. The Foundation should endeavour to optimise the invested capital in such a way as to generate maximum returns and to ensure the long term stability of the foundation.
  3. A primary objective should be to increase the number of bursaries that can be accommodated every year;
  4. The Foundation should investigate possible avenues of increasing the donor base – i.e. by setting up mechanisms in which companies or individuals can contribute directly to the Foundation’s initiatives.
  5. The Foundation will, in liaison with SAAFoST Council, make suggestions on the selection criteria for the various awards and bursaries.