Do good, better. Sustainably.
This is the first donor-advised fund of its kind in South Africa. It enables individuals and corporates to donate money to the foundation, and make recommendations on how that money is invested and distributed. It is effectively a collective foundation (one foundation with many sub-accounts).
The Citadel Philanthropy Foundation Trust is a registered public benefit organisation in terms of the Income Tax Act (PBO registration number 930 042 339).
As a donor you will be able to personalise your account and, if desired, make grants in your account’s name.
The CPF is a good alternative to a private foundation. It offers all the benefits, but with lower associated costs and zero administration.
Donations to the CPF are immediately eligible for tax benefits; the foundation also facilitates all tax incentives and B-BBEE points.
Citadel offers specialised advice and services to individuals who are looking for strategic guidance and planning in the giving of their wealth. While spontaneous and ad hoc charity is important, we believe that a more structured approach is necessary to create sustainable long-term change.
The Northern Cape town of Onseepkans is the site of the Citadel Talmar Impact Foundation flagship project. Some 27 small farmers and entrepreneurs have combined their land into one resource – growing grapes that are now exported as raisins internationally.
Venture philanthropy involves combining private and corporate donor funding with public resources and investment capital. This is a particularly attractive proposition in an emerging economy: rather than simply ‘giving’, you can influence a long-term social strategy.
The Citadel Talmar Impact Foundation is a non-profit trust. The foundation advocates a concept called venture philanthropy. This is a revolutionary approach to giving, allowing initial donors to social development programmes to unlock exponential growth. The ambition is to break the habit of charitable dependency, and sustainably strengthen the South African economy for all its citizens.
The Citadel Talmar Impact Foundation is a registered public benefit organisation in terms of the Income Tax Act.