Ways to support SACS
The SACS Endowment Trust aims to raise R100 million for our 200th anniversary, while the Ithuba Trust seeks to support 40 boys with comprehensive bursaries by 2029.
We believe it is our role to support the school, and we are proud of all our Old Boys and parents who have supported SACS over many years. We are deeply grateful for all their contributions.
As we approach the momentous occasion of our 200-year anniversary, a strong capital base will help ensure that SACS continues to shape exceptional young men who will contribute meaningfully to South Africa’s future.
Both Trusts are Public Benefit Organisations in South Africa, offering tax-deductible donations under Section 18A of the Income Tax Act. We have tax-efficient structures in the USA, UK, and Europe, with plans to expand further. The Trusts are independently managed, with the Ithuba Trust holding Level 1 B-BBEE status.
We invite alumni, parents, friends, NGOs, foundations, and corporations to support the SACS200 fundraising campaign and our initiatives. In addition to building the endowment and expanding our bursary programme, we welcome donations for any cause you value. Gifts in kind are also appreciated.
Donate to the SACS Endowment Trust
Donate via EFT, SnapScan, Debit order, or our secure online platform (Payfast):
- Account: SACS Endowment Trust
- Investec Bank: 50017209459
- Branch: 580105
- Swift: IVESZAJJXXX
- www.sacsendowmenttrust.com
Donate to the SACS Ithuba Trust
Donate via EFT, SnapScan, or Debit Order:
- Account: SACS Ithuba Trust,
- Investec Bank: 50015212752,
- Branch: 580105
- Swift: IVESZAJJXXXN
- https://sacsjunior.org.za/future-focus/ithuba-trust/
Ithuba Trust B-BBEE Opportunity Explained
- The Amendment published in May 2019 to the Broad-Based Black Economic Empowerment Act of 2003 provides the legislative framework for the Trust to receive money and allocate it to pay bursaries for black learners. Our Ithuba beneficiaries meet this criteria.
- We call on all SACS businesses (EME, QSE and Large enterprises) who require a B-BBEE rating to consider directing their Skills Development or Socio-Economic Development (SED) spend towards SACS bursaries.
- Donations to the Trust must be made within the financial period in which the BEE rating of the entity will be conducted.
- The Ithuba Trust office will assist you with the verification documents required.
Join the SACS200 Club
Make a monthly credit card contribution via PayFast:
Include SACS in your Will
Include SACS in your Will and make a bequest to the Endowment Trust or Ithuba Trust. Contact Kate Maurel on maurelk@sacollege.org.za
Bequests or accruals from the estates of deceased persons in favour of the SACS Trusts are exempt from payment of estate duty (section 4(h) of the Estate Duty Act, 1955).
Support SACS200 by setting your donation amount and frequency, with an option for anonymity if preferred. By including SACS in your philanthropy, you help build the most impactful school for South Africa, together.
For more information contact:
Kate Maurel: Co-ordinator SACS Endowment Trust and Ithuba Trust
maurelk@sacollege.org.za
https://sacshigh.org.za/sacs200/sacs200club/
