Yeshiva College Annual Report 2016/5776

YC FOUNDATION
The Yeshiva College Foundation (YCF) is the fundraising arm of the school and was established in 2011. The Foundation is a fully registered Non-Profit Organisation and is a Public Benefit Organisation and as such, is able to issue S18A tax certificates for all donations received.
Foundation Board and Trustees
In January 2015, a Foundation Board was established in order to ensure corporate governance and further expand the capabilities of the Yeshiva College Foundation. An independent Board of Trustees is now responsible for the financial administration of the foundation so as to ensure that all fiduciary responsibilities are met. The board members include our esteemed Rosh Yeshiva, Rabbi Avraham Tanzer, Rabbi Leron Bernstein (MD), and trustees - Lawrie Brozin, Richard Friedland, Jonathan Jawno, Benjy Porter, Martin Kalmek and Michelle Krengel. The Exco also sits on this board including Israel Bender, Laurence Rapp and Richard Herring. We thank them all for their dedication of time and valuable contributions to strengthen and grow the Yeshiva College Foundation.
Thank You
We take this opportunity to thank you, our donors, for your unbelievable and on-going support which has allowed us to achieve our holy mandate. May Hashem continue to bless you for all that you do for Yeshiva College and its families..
The Foundation s Focus
The primary aim of the YCF is to meet the financial challenges of our school’s bursary fund in order to ensure that every deserving learner is able to afford a Yeshiva College Education. The Foundation is required to ensure that Yeshiva College achieves excellence in education by investing in Professional Development, learning programmes as well as making provision for our school’s growing infrastructure.
Founding Members of the Yeshiva College Foundation Board
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TRIBUTE TO A LEGEND
The Yeshiva College Family deeply mourns the passing of Gerald Leissner z”l
Reflections from Rabbi Tanzer as referenced in his introductory words to the 2016 Annual Report.
“For close to 50 years Gerald was an uncrowned king of the South African Jewish Community as he led the leading institutions and was responsible for the creation of new institutions such as Foundation 2000 and the Johannesburg Holocaust Museum.
For the last 36 years, Gerald devoted his life to the success of Yeshiva College School and Shul in all that he did. As I said at his levaya “In ensuring the growth of Yeshiva College, Gerald took on the roles of Chairman, Treasurer and Managing Director all together - devoting his heart and soul to the well being of Yeshiva College.” Most recently, Gerald returned to active leadership in the school, when he chaired a newly established Yeshiva College Foundation Board in 2014, filling that role until his untimely passing.
Gerald leaves behind a legacy of unmatched communal leadership through his wisdom, humility, mesirut nefesh and generosity. His dedication and self-sacrifice to community is a great example to us all and he will be sorely missed by our entire community and by all those who had the privilege of knowing this great man.
Yeshiva College has lost a true father, may his memory be a blessing and inspiration to all of us.”
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CAPITAL FUND
We acknowledge our esteemed Rosh Yeshiva, Rabbi Avraham Tanzer, who is in his 53rd year of leading our community. In recognition of his 50 years of service to our community, a Capital Fund was launched in 2013 with the remarkable generosity of various Yeshiva College supporters. We are indebted to the Rosh Yeshiva and to all those that contributed in recognition of the Rosh Yeshiva’s commitment to our community - a community the Rosh Yeshiva has built with his signature humility, kindness and care for all.
To date, the Capital Fund has invested R41,68 million with asset managers Coronation, 36ONE and Boutique Collective Investment. The total return on investment since inception is approximately 13,95%. In 2015, a distribution of R1 million was made from the Capital Fund to the school and in 2016 and 2017, a distribution of R2 million representing 50% of the income that is utilised to ensure that every deserving child receives a Yeshiva College education. The remaining 50% of the ROE is retained in the fund for preservation and growth.
We thank our Investment Committee Trustees—Errol Shear, Kenny Rabson, Steven Blumgart and Laurence Rapp for their unbelievable commitment, vast investment knowledge and for ensuring corporate governance.
R3.4m; 8%
R7.8m; 19%
R17.5m; 42%
Nedbank Private Wealth Boutique Investments 36ONE
Coronation
Capital Investments
R1.4; 3%
R13.0m; 31%
R7.8m; 19%
R
R17.5m; 42%
Cash Property Equity
Fixed income
Investment Asset Mix
15.0m; 36%
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Donor Categories in Rands
R200 000; 3%
R92 096; 2%
R354 000; 5%
DONOR TIERING
R4,084m; 57%
R1,217m; 16%
Rosh Hashana & Pesach Appeals In-Kind Donations
Special school projects
Non Budget Projects Recurring Funds Non-recurring
R1,262m
;17%
Rosh Yeshiva, Rabbi Avraham Tanzer with Brian Moshal, Managing Trustee of the Victor Daitz Foundation, based in Durban
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THE BALANCE
The Role of the YCF
Scholarships for 226 learners (22% of learner body) R 17,792,000.00
Providing Every Deserving Learner With The Privilege Of A Yeshiva College Education
In conjunction with the Finance Department, the Foundation pursues its mandate of providing remissions to deserving learners, according to specific policies. Some important data regarding the granting of remissions include the following :-
• All families contribute a minimum fee per learner - remissions of 100% are not granted
in any case. In certain cases, the minimum payment per learner is provided by the
community’s social services.
• Over 50% of all subsidies granted are in cases where over 50% of the fees are paid.
• In 2016, 226 learners received grants from the Foundation, making up 22% of the
learner body.
• In 2016, The total amount granted in remissions was R17,792,000.
Full Fee Revenue from 1030 learners R 86,570,000.00
Total Expenditure for 1030 learners R 78,805,000.00
Expected Gross Profit R 7,765,000.00
Expected Gross Profit R 7,765,000.00
Less Scholarships R -17,792,000.00
Plus Capital Fund Interest Income (50% of annual growth) R 2,000,000.00
Fundraising Requirement R -8,027,000.00
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Father and Son Breakfast
Bafana Bafana and SuperSport United Captain, Dean Furman inspired our Yeshiva College attendees with his message from the heart at our unique Father and Son Breakfast. Dean has just completed a 4 year Sports Degree and is committed to study further emphasising to the children the importance of having an education following retiring from professional sport.
We thank Stan Matthews, CEO of SuperSport and the brainchild behind the event. Stan has been involved in the formal training and upskilling of our coaching staff together with the coaches and staff of our sister school in Alexandra Township, Iphuteng Primary school. We look forward to partnering further with Supersport United and continuing with similar initiatives in the future.
Breakfasts with the Rosh Yeshiva
We periodically invite our alumni to have the privilege of davening with our Boys’ High School, followed by breakfast with the Rosh Yeshiva. These intimate get togethers are a great highlight for our alumni, as they reminisce with their classmates provide our alumni with the ability to engage in some Torah wisdom from our beloved Rosh Yeshiva on a direct and intimate level, while sharing wonderful memories of their time as students at Yeshiva College.
The Jenny Ginsberg and Marion Falk Bursary Fund
Yeshiva College Nursery School was privileged to have Marion Falk z”l and Jenny Ginsberg z”l facilitating the nurturing and early education of generations of Yeshiva College children. In acknowledgment of Jenny Ginsberg’s incredible 25 year commitment to the Nursery School – Rosh Yeshiva, Rabbi Avraham Tanzer shlit”a, Rabbi Leron Bernstein and the Yeshiva College Foundation, have established, The Jenny Ginsberg and Marion Falk Bursary Fund.
PROJECTS
and Campaigns This fund provides much needed financial assistance for families in need, thereby providing future generations of children with the crucial grounding and comprehensive Torah education, provided by Yeshiva College. A portion of the funds will also be set aside, for the upskilling of teaching assistants, providing them with the ability to build their futures too. This provision of equal opportunities and assistance of those less fortunate are values that were of
supreme importance to both Jenny and Marion.
In 2016, our campus was privileged to welcome a new Sefer Torah in memory of Marion Falk z”l. A beautiful and uplifting Hachnasat Sefer Torah was held for the entire community, followed by fun activities on the campus for children and parents, to celebrate this momentous occasion.
Life Campaign
In Elul 5776, we launched our ‘Life’ fundraising campaign, with the aim of signing on new donors to commit to R18,000 per annum, to significantly broaden our base of annuity income. This campaign is in recognition of the unique Yeshiva College education that encompasses the broad spectrum of life - promoting a Torah that infuses meaning into all of life’s varied experiences - from the Beit Medrash to the Sports Field. The Life Campaign also acknowledges the power of Torah education in giving the gift of life in its ability to direct our children towards living lives of profound meaning and purpose.
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