Funding and Finances

On this page you can find our donors and our expenses. Our financial years run from March to February. Until June 2020, GroundUp was a project of Community Media Trust. On 10 June 2020, we became an independent non-profit company. We will be having annual audits from 2021 and these will be published here.

For income we currently are only reporting institutional grants and donations of R100,000 or more. We round them to the nearest R10,000.

Contents


Income so far in 2020/21

  • Sigrid Rausing Trust: R1,800,000 (April 2020)
  • Media Legal Defence Initiative: R35,000 (April 2020)

(Expenses will be reported after the financial year is over.


Income and expenditure in 2019/20

Income

  • Claude Leon Foundation: R450,000 (February 2020)
  • Claude Leon Foundation: R180,000 (January 2020)
  • Bertha Foundation: R1.8 million (January 2020)
  • Cameron Schrier Foundation: R1.5 million (November 2019)
  • Millennium Trust for Viewfinder: R150,000 (September 2019)
  • Bertha Foundation for Viewfinder: R150,000 (September 2019)
  • Millennium Trust: R650,000 (September 2019)
  • Bertha Foundation: R550,000 (July 2019)
  • RAITH Foundation: R840,000 (April 2019)
  • Open Society Foundation: R900,000 (March 2019)
  • Claude Leon Foundation: R325,000 (March 2019)

Expenditure

Management & Editing

1,591,516

Reporting

3,030,603

Administration

630,000

Marketing

30,929

IT & Equipment

72,219

Legal

284,742

Bank fees

7,521

Total

5,647,530


Income and expenditure 2018/19

Income

  • Cameron Schrier Foundation: R680,000 (January 2019)
  • Hazel Geffen Estate: R200,000 (October 2018)
  • Millennium Trust: R650,000 (September 2018)
  • Cameron Schrier Foundation: R660,000 (August 2018)
  • Shuttleworth Foundation flash grant: R60,000 (July 2018)
  • Cameron Schrier Foundation: R330,000 (July 2018)
  • Bertha Foundation: R550,000 (June 2018)
  • Cameron Schrier Foundation: R360,000 (April 2018)
  • RAITH Foundation: R800,000 (April 2018)
  • Open Society Foundation: R900,000 (March, 2018)

Expenditure

Management & Editing

1,133,763

Reporting

3,089,522

Administration

606,864

Marketing

169,947

IT & Equipment

70,338

Legal

125,600

Total

5,196,034


Income and expenditure 2017/18

Income

  • Claude Leon Foundation: R330,000 (January 2018)
  • Social Justice Initiative: R460,000 (December 2017)
  • South Africa Development Fund: R270,000 (September 2017)
  • Millennium Trust: R600,000 (September 2017)
  • Cameron Schrier Foundation: R260,000 (August 2017)
  • Bertha Foundation: R550,000 (July 2017)
  • RAITH Foundation: R1,030,000 (May 2017)
  • Indigo Trust: R340,000 (May 2017)

Expenditure

Management & Editing

1,069,956

Reporting

2,255,341

Administration

558,369

Marketing

65,157

Website & equipment

73,524

Total

4,022,347

Income before 2017/18

  • Open Society Foundation: R800,000 (February 2017)
  • Claude Leon Foundation: R250,000 (January 2017)
  • Cameron Schrier Foundation: R250,000 (January 2017)
  • Cameron Schrier Foundation: R350,000 (November 2016)
  • Open Society Foundation: R420,000 (August 2016)
  • Bertha Foundation: R550,000 (July 2016)
  • South Africa Development Fund: R150,000 (June 2016)
  • RAITH Foundation: R940,000 (May, 2016)
  • Millennium Trust: R550,000 (April 2016)
  • Claude Leon Foundation: R250,000 (March 2016)
  • Open Society Foundation: R520,000 (January 2016)
  • Bertha Foundation: R500,000 for 2015/16
  • Claude Leon Foundation: R250,000 for 2015
  • Indigo Trust: R397,000 for 2015/16
  • Millennium Trust: R500,000 for 2015
  • RAITH Foundation R850,000 for 2015
  • South Africa Development Fund: R325,000 for 2015/16

Salary bands

GroundUp's editor's salary as of March 2020 is R50,243 per month.

Full-time journalists are paid either salaries or combination of basic salary and commission per article. On average monthly salaries range from R12,500 to R32,000.

GroundUp is a project of Community Media Trust which publishes audited financial statements that incorporate GroundUp's income and expenses.