The RMB Fund Maths Leadership and Development Programme Evaluation Bridge Monitoring & Evaluation Colloquium - Maths & Science Learner Support Community 16 October 2013 An Authorised Financial Services Provider Strictly Private and Confidential
A brief overview of the RMB Fund The RMB Fund, a member of the FirstRand Foundation, is Rand Merchant Bank’s corporate social investment (CSI) vehicle, contributing at least 1% of net profit after tax towards selected projects within three development sectors. Since 2007, the RMB Fund has invested over R140 million in these focus areas. • Maths Leadership and Development • Arts Culture and Heritage • Environment and Conservation Focus Areas and 2012/13 Allocations Environment & conservation Arts culture & R5,579,983 heritage 26% R8,100,000 39% Maths leadership and development R8,375,000 35% Strictly Private and Confidential 2
Employee Volunteering: The RMB Hug Fund continues to thrive through employee contributions of time, energy donations in kind and a further R2- to R3-million towards good causes in a variety of sectors. Strictly Private and Confidential 3
Context, complexities and realities… The Maths Leadership and Development programme currently supports a range of educational initiatives including university programmes, bursary and outreach programmes run by independent schools and other centres of excellence, and programmes that promote knowledge sharing and advocacy. • Aims to increase the number of school leavers with high level Maths qualifications to enhance the future skills base • Targets Learner and Teacher Development, and Advocacy • Continues to support selected education outreach programmes, run by affluent independent schools, for the benefit of less privileged Partners schools. Strictly Private and Confidential 4
Evolution of “good” work… Advocacy Teacher Learner development development St. Andrew’s Ubambiswano Hilton College Vula Outreach Maritzburg College St Mary's Waverley AIMSSEC The Maths Centre RADMASTE SSP Bursaries LEAP ISASA IEB AEC U/Wits – Applied Maths Universities U/Stel – Maths and Science Dept. U/Stel – Economics Dept U/Wits – Maths Connection U/Rhodes – Learner Mentoring Centre for Development Centres of and Enterprise excellence Strictly Private and Confidential 5
Reflection beyond evaluation Programme focus • Invest in activities that directly support learners or teachers, or both? • Include grades 8 and 9 in the programme? • Invest in a large variety of somewhat successful models, or back highly effective programmes for scale-up? (Could lead to a reduction in the number of partners and an increase in the size of grants.) • Geographic focus? (Should we only invest in specific schools or districts or provinces?) • Singular focus on Maths? Integrate Science and Language more strategically or holistically? Strictly Private and Confidential 6
Reflection beyond evaluation Programme approach • Balancing quantity versus quality. Do we invest larger amounts in individuals or groups of individuals (e.g. all of the teachers at one school) to ensure quality? • Continue to support micro-level initiatives, or look at ways of having a systemic impact on the education system as a whole? Or both? • Promote the use of technology? (How, if at all?) • Grant time period? Stick to our current three-year cycle, or is a longer cycle necessary? • How can the MLD programme be integrated more effectively with the Arts, Culture and Heritage and Environment and Conservation programmes? • Partner to increase impact of programmes? What would such partnership look like? Strictly Private and Confidential 7
Thank you Strictly Private and Confidential 8
Disclaimer Strictly Private & Confidential This presentation has been prepared by FirstRand Bank Limited, acting through Rand Merchant Bank (“RMB”) . The information contained in this presentation is confidential and intended solely for the use of the intended recipient. This presentation may contain information proprietary to RMB and accordingly may not be reproduced, acted upon or disseminated in whole or in part without RMB’s prior written consent. By attending this presentation, the intended recipient undertakes to keep the information contained in the presentation confidential and not to do any act or allow same to be done on his behalf which is in breach of the above mentioned prohibition. This presentation contains information which has not been independently verified by RMB. RMB and its directors, officers, employees and agents make no representation and give no warranty with respect to, and assume no responsibility for: the correctness, accuracy and completeness or otherwise of the information contained in this presentation; or the correctness or otherwise of the Advisers’ conclusions based on such information. Any liability of whatsoever nature and howsoever arising on the part of RMB, their directors, officers, employees and agents relating to the contents of this presentation is hereby expressly disclaimed. This presentation is intended for discussion purposes only and does not represent a commitment, proposal, recommendation, offer open for acceptance or agreement to enter into a transaction. Any transaction is subject to the agreement of final terms to be set out in a separate written agreement. The decision to enter into any transaction and to assume the risks associated with the transaction rests solely with the intended recipient. July 2012 Strictly Private and Confidential 9
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