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“We became involved with Penreach because it had people and a community that were not only talking about the problems in the community with regard to education but doing something about it. We had a success story to follow. Penreach is about voluntary involvement from the community, teachers, parents, the business community."
Paul Harris, CEO FirstRand Limited,Chairman of the Penryn Trust
In his personal capacity, Paul Harris voluntarily chairs the Penryn Trust, which is the financial custodian of Penryn College and Penreach.
Funding for Penreach comes from corporate South Africa mainly, with growing interest from offshore organisations, foundations and individuals.
The Penryn trustees are deeply grateful to the following foundations, companies and individuals who have generously contributed financially and in kind to the work of Penreach over the past two years:
| Absa Foundation |
Accenture Foundation (SA) Trust |
Albert Wessels Trust |
| Mr Gareth Armstrong |
Barloworld Trust |
Bayer South Africa (Pty) Ltd |
| Mr David Kelly and friends (USA) |
D G Murray Trust |
Eskom Development Foundation |
| Education Africa |
Exclusive Books |
FirstRand Foundation
(FNB Fund) |
| Flora Family Foundation of Tides Foundation |
GreaterGood South Africa |
Mr Paul Harris |
| Hermann Ohlthaver Trust |
Ince (Pty) Ltd
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Internet Solutions |
| Lightstone (Pty) Ltd |
MacSteel Service Centres (SA) (Pty) Ltd |
MannMade Media |
| Murray & Roberts Ltd |
Remgro Ltd
(M &I Group Services Ltd) |
Penryn Community |
| Pick n Pay Group |
RMB Class Of Program |
Robert Niven Trust |
| Mr Ronnie Apteker |
Sappi Ltd (founder donor) |
Sasol Ltd |
| Standard Bank of SA Limited |
Softline (Pty) Ltd |
Vodacom Foundation |
| Voltex (Pty) Ltd |
Zonke Monitoring Systems (Pty) Ltd |
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Through the generous support of its donors, Penreach is able to achieve outstanding progress in the development of an ethos of best practice in education via its programs aimed at developing and assisting schools, teachers, learners, and school communities. Some donors offer funding for specific projects within the Penreach operation so that their name is linked to a particular project whilst others offer funding to the Penreach programme as a whole. All donations are gratefully received and well utilized.
To ensure the long-term sustainability of Penreach and the replication of the successful Penreach model into other areas in South Africa, the Penryn trustees have established an endowment fund, the Shalamuka Foundation Trust. Shalamuka is a broad-based fund participating in BEE transactions. Any income from this fund will however only be released in five years time. Empowerdex recently awarded the Shalamuka Foundation Trust maximum points on the ownership scorecard and deemed it to be 100% compliant as a broad-based organisation, based on the Department of Trade and Industry Codes released in 2007. For further information about the Shalamuka Foundation please visit www.shalamuka.co.za
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