Financial governance
Ring-fenced capital. Local accountability. A protected bursary future.
Surplus funds beyond the R250 monthly learner operating cost are governed by strict chapter-level allocation rules.
Surplus allocation flow
Core operations are funded first. Surplus then builds lasting assets.
Total alumni revenue collected
Minus core OPEX — R250 per learner per month
Net surplus pool
Months 1–2
CAPEX recovery
Maximum 30%
Local expansion
Minimum 70%
Tertiary bursaries
01
Infrastructure CAPEX recovery
During the first two months, net surplus repays the initial R70,000 establishment cost for the local Spoke centre’s teaching, security and solar equipment.
02
Tertiary bursary trust floor
After CAPEX is amortised, at least 70% of ongoing surplus enters a ring-fenced account for university registration, tuition and textbooks.
03
Local expansion cap
No more than 30% may remain for classroom upgrades, added learner capacity, emergency transport or local winter nutrition programmes.
04
Anti-siphoning protocol
One school chapter’s surplus cannot be redirected to another chapter’s deficit. Each chapter remains an autonomous financial cell.
Safeguards
Accountability from donor mandate to learner outcome.
- Independent quarterly financial audits available to active donors.
- Section 18A certificates issued to qualifying donors once registration is complete.
- POPIA-compliant processing of donor and learner information.
- Child safeguarding and NRSO vetting for programme personnel and transport partners.