SAAFoST established the SAAFoST Foundation in 2012, which administers all SAAFoST academic prizes, awards and bursaries.
The last 9 years have seen a significant increase in the amount of support 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 Cape Town in August 2010, by SAAFoST, 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 focus on investing these funds in bursaries for food science and technology, it was decided to create the SAAFoST Foundation to administer all academic prizes, awards and bursaries.
The SAAFoST Foundation presents several advantages, in that clearer, more transparent accounting is done on the support given to students studying food science and technology, selection of bursars is more transparent, donors (either individuals or companies) have a clearer picture of exactly what their donation is being used for and such donations assist Companies with their BBBEE accreditation.