Hunter Foundation

Project details
Partner(s): SAIE are looking for donar partners to support development of this project. Our Involvement: The South African Institute for Entrepreneurship (SAIE), a non-profit (social profit) organization, has responded to challenges by focusing on two of these critical areas – namely education and business creation/ economic development. Its vision is to create a dynamic culture of entrepreneurship in SA by promoting a positive mindset in youth and adults and assisting in the eradication of poverty. It achieves this through the development of effective entrepreneurs in the small business, agricultural and tourism sectors – thereby empowering them to run effective self-sustaining enterprises. Project Progress:
	Funder: The Hunter Foundation
	Product: Institutional Strengthening
	Location: Western Cape Project Completion:

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Developing an Entrepreneurial Mindset (900KB)

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Institutional Strengthening

Over the years, from a funding perspective, NGOs have not only battled to balance their cash flow but also tend to live from feast to famine – with many falling by the wayside in their attempts to meet their social objectives while also attempting to be financially sustainable. SAIE is no exception – however it has managed this juggling act for over a decade. Donors’ traditionally only prefer to fund the direct costs of project leaving NGOs with the challenge of scrounging for their running costs. This leaves little room for growth, innovation and organizational strengthening. Because of this, SAIE has established an Institutional Strengthening Fund. Donations to this fund will be invested into a money market environment, and as such will earn interest. Only the interest will be used from the fund to support operational overheads. As the fund grows, so too will the interest and at a point in the future the value of the fund will be able to generate the interest required to support the organization on a month-by-month basis.

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