UNIVERSITY ADOPTS NEW POLICIES

WSU’s renewed impetus in reorganizing and re-energizing its fundraising efforts received a much needed boost as the institution’s Council signed off on two new policies aimed at establishing appropriate systems and procedures.

 

WSU chairperson of Council Judge Nambitha Dambuza inked her official approval in November 2016 to give immediate effect to the Fundraising and Stewardship policies following a submission made by the University’s Institutional Management Committee (IMC) in October last year.

 

The Fundraising Policy, drafted by the University’s marketing, communication and advancement senior director Yonela Tukwayo, will see the institution integrating its fundraising strategy into a unified approach that facilitates collaboration and coordination amongst stakeholders.

 

The accompanying Stewardship of Donated Funds Policy will then ensure the efficient administration of all funds donated to the University. The institution has established donor recognition and stewardship programmes designed to nurture existing and new relationships in a transparent, ethical and consistent manner.

 

“These guidelines apply to all campuses, faculties departments, units, centres, structures, staff, students and alumni of WSU. The guidelines allow for funds to be solicited for the purpose of fundraising to meet the myriad of needs that WSU has ranging from infrastructure to student life enhancement,” said Tukwayo.

 

She said fundraising has become a strategically essential activity for the institution in light of the ever-dwindling state funding, inelastic fee income, and the great need for diversification of the funding base.

 

Tukwayo said it was critical that the University’s stakeholders understand how the fundraising process works to ensure professional coordination of fundraising activities, avoid duplication, create maximum alignment between projects and potential donors,

 

The fundraising efforts are divided into three categories, including Priority Projects – crucial to the success of the University’s strategic goals and planning; Core Projects – central to the University’s annual operating budget as they support the institution at an institutional level on an on-going basis.

 

The last category is aimed at faculties, projects aimed at supporting the academic core functions within the faculties.

 

“In order to achieve these set goals, we must abide by the policy of the institution to effectively manage funds according to the Public Finance Management Act. We need to be equally prudent in managing donations,” said Tukwayo.

 

Five other policies in the ICT and Finance departments, as well as the Office of the Registrar were also given the nod, including the Acceptable Use Policy; Computing Passwords Policy; ICT Service Desk Policy, Honorary Degrees Policy and Supply Management Policy.

 

“The Supply Chain Management Policy is especially important in that it, amongst other things, creates uniformity for the procurement of goods and services, whilst also promoting consistency and compliance with all other applicable legislation and any other regulation pertaining thereto,” concluded WSU Chief Financial Officer André De Wet.

 

By Thando Cezula

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