R100 million commitment to South African higher education
The US-based Kresge Foundation (Kresge) has announced that it is renewing its commitment to South African higher education. The Foundation expects to invest at least $15 million (over R100 million) in this effort through to 2018. Continuing to work with its key South African partner, Inyathelo, the Foundation’s commitment presents a solid challenge to local South African philanthropy to up our game in ensuring local support for our own higher education sector.
Rip Rapson, president and CEO of the American foundation based in Michigan, unveiled details of Kresge’s funding plan at a celebration event in Johannesburg on 17th April 2012, attended by representatives of South African universities, the philanthropy and grantmaking sector, and other stakeholders in higher education, including John Pampallis, Senior Advisor to the Minister of Higher Education and Training.
Kresge has been making grants in South Africa since 1989. Between 2005 and 2011, the Foundation invested almost $19 million to support South African higher education, focusing on institutional development and advancement.
The new commitment builds on the Foundation’s efforts to improve access to higher education in the United States and to help students succeed academically.