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Case Study 1. Beneficiary interested in photography Obtained computer equipment through beneficiary fund Obtained photographic equipment through beneficiary fund Tertiary education funded Balance of R70k paid out at completion of studies. Case Study 2.
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Case Study 1 Beneficiary interested in photography Obtained computer equipment through beneficiary fund Obtained photographic equipment through beneficiary fund Tertiary education funded Balance of R70k paid out at completion of studies
Case Study 2 Beneficiary spotted as talented rugby player Granted an opportunity to play overseas Beneficiary fund funded over R50k to make this possible Watch this new Bok!
Case Study 3 Urgent funding for beneficiary’s cornea replacement 6/52 later, 2nd cornea had to be replaced Both covered by Beneficiary Fund 3/12 – request for driving lessons support – Dr indicated sight good enough to learn how to drive
Case Study: Drug addiction In rehab since inception Beneficiary fund covered rehab, clothing, computer expenses PC training covered Great improvement Unlikely to operate in normal society long-term
Case study: Mental Health Beneficiary diagnosed with mental health problem Dr recommended application for curatorship Beneficiary fund cover medical & institutional costs Beneficiary over 21
Case Study: Incarceration Incarcerated since inception Bf worked through social services Bank account opened Monthly income paid to beneficiary Termination occurred when beneficiary was released
Age of Majority Less than 50% of school starters get to matric Less than 70% pass matric Less than 35% acquire matric 50% in age-related grade 70% of 16m social grants – children Child grant rose 13fold since inception
Age of Majority (cont) Squandering of termination benefit Dropping out of school Refusing to work or study Need for BF’s to monitor progress Educate & encourage beneficiaries Bursary fund FSB willing to amend Sec 37C - 21
Communication/Education of Beneficiaries and Guardians PFA compliance Education of members of Retirement funds – nomination forms Guardians Counselling Literacy/Languages Guardians & Bene’s workshops