GWC Golf Day

We are thankful for our many Gospel Partners who once again enabled us to end this year with a total donated income of R38.5 m in 2019 (2018: R35.4 m). This was an increase of R3.1 m from 2018 and includes donations which enabled us to pay off the R3.5m which was still owing for the building of the Itumeleng Hope Motlhope Centre.

Total donations for the year also include a Special Donation of R15.7 m which is designated for future bursaries. Donations to the tune of R18m were earmarked for funding the operational costs of the College – the balance are restricted for designated purposes.

Donations to GWC are comprised of much valued continuing support from faithful long-standing Gospel Partners and new donations from fundraising events in America, the UK and closer to home in Johannesburg, Port Elizabeth and Cape Town. Our GWC cycling team participated in the Cape Town Cycle Tour to raise funds for Student Bursaries. Our Annual 2019 Golf Day, held at the Clovelly Country Club in Fish Hoek, was an enjoyable time of connecting with friends of the College and their guests. Students, staff and faculty were involved in the day and the students shared the impact of their time at GWC with those who attended.

The sources of income graph (below) once again highlights the high dependence on donations which represent 73% of income, which is slightly down from 82% in 2018. This dependency represents a high risk as the College is exposed to the loss of donor base as well as exposure to the foreign exchange risks attached to foreign donations.

In 2019 the Fundraising and Relationship Development board committee sought to develop longer term investment opportunities for donors, to reduce GWC’s dependency on Annual donations by at least 50%. These should be in place by early 2020 and will impact GWC’s long term sustainability.