SAAFoST is thrilled to announce the establishment of the SAAFoST Foundation – 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, ESKOM Expos, etc.) to academic prizes, bursaries, scholarships, travel grants and study grants. These are financed mainly from surplus funds generated through events, membership fees and some donations. Financial support has thus been close to R500K per annum over the last few years.
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. Keeping track of the education initiatives cost and the day-to-day running expenses of SAAFoST does, however, create some problems. Recognising these difficulties and some opportunities, resulted in the idea of creating the SAAFoST Foundation to administer all academic prizes, 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 donations would be exempt of VAT.