Actuarial Society Development Trust
The objectives have been set bearing in mind that the Trust meets the requirements of a Public Benefit Organization and ensures the tax deductibility of donations in the hands of donors.
The objectives are to:
- Provide grants to universities in order to support their teaching and research activities relating to actuarial
science, and to assist in the recruiting and retention of competent academics to such programs.
- Provide bursaries for worthy students.
- Fund research relating to actuarial knowledge in particular and broader matters of public interest related to
the profession and its activities.
- Further other activities supporting the general objectives of the Trust.
While the recommendations from the Society will be developed in consultation with the Academic Liaison Committee, the final decision with regard to the quantum of support to any program, research, or bursary provided by the Trust remains with the Trustees.
The Trust contains specific clauses that ensure compliance with the requirements for a Public Benefit Organisation (PBO). Contributions to the Trust should therefore be tax deductible, subject to usual limits, in the hands of donors, both corporate and individual. The Trust has been registered with SARS as a PBO (reference number 930035093) and in terms of S18(A) of the Income Tax Act.
The Trust is in the process of exploring ways to improve its BEE standing.
Contributors to the trust
Contributions by the following donors are acknowledged with gratitude. The Trustees are working to expand the base of contributors.
Platinum Donors (R1m+)
ABSA (2010, 2011, 2102, 2013)
Actuarial Society of South Africa (2010, 2011, 2012, 2013)
Discovery Holdings (2010, 2011, 2012, 2013)
Momentum (2010, 2011, 2012, 2013)
International Congress of Actuaries, 2010
Old Mutual (2010, 2012, 2013)
Silver Donors (R100 000 – R499 999)
Gen Re Africa (2010, 2011, 2012, 2013)
Swiss Re (2010, 2011, 2012, 2013)
Liberty Holdings (2010, 2012, 2013)
Bronze Donors (R1 000 – R99 000)
RGA (2010, 2011, 2013)
Investec (2011, 2012, 2013)
PricewaterhouseCoopers (2011, 2013)
Mark Claassen (2012)
Cadiant Partners (2012, 2013)
Regent Life (2012, 2013)
Tamar Lewis (2013)
Ernst & Young (2013)
Standard Bank (2013)
Garth Griffin (chair)
For more details read the Trust Deed (pdf)
P.O. Box 4464
Tel: +27 21 509 8210/7697