B-BBEE Benefits
ALIGNING B-BBEE INVESTMENT WITH LASTING CHANGE
B-BBEE Compliant - Section 18A
Corporate Social Investment (CSI) or Corporate Social Responsibility (CSR) is one of the most established routes used by companies to ‘give back’ to society while building brand loyalty and earning B-BBEE points.
Focus on iThemba is an accredited non-profit, public benefit (18A) organisation and is able to supply donors with the following B-BBEE points:
- Social-Economic Development points (SED): up to 5 points for both Generic companies and for Qualifying Small Enterprises
- Enterprise Development points (ED): up to 5 points for both Generic companies and for Qualifying Small Enterprises
Your contribution can create tangible, lasting impact while supporting meaningful B-BBEE objectives.
Ways your contribution can make an impact:
- Socio-Economic Development points (SED): Support our Scholars Programme, Parenting With Purpose Programme, campus infrastructure or make a general donation.
- Enterprise Development points (ED): Invest in our ECD Educare Programme which equips 12 community pre-schools to become micro-enterprises delivering quality Early Childhood Development.
- Skills Development points (SD): Fund accredited NQF Level 4 or 5 training for Early Childhood Development teachers through an approved training institution.
Information Regarding B-BBEE for Donors to Focus on iThemba
| Category | QSE Qualifying Small Enterprises | Generic Company | Notes |
|---|---|---|---|
| Definition | R10m – R50m | Above R50m | |
| Elements required | All 5 | All 5 | |
| Points awarded ED | 5 – Donors can give up to 1% PAT | 5 – Donors can give up to 1% PAT | PAT = Profit after tax – we can help donors achieve ED points |
| Points awarded SED | 5 – Donors can give up to 1% PAT | 5 – Donors can give up to 1% PAT | PAT = Profit after tax – we can help donors achieve SED points |
Tax Benefits
Having Public Benefit Organisation (PBO) approval allows our donors to benefit from donations made to us as these are tax deductible in terms of Section 18 (A) of the Income Tax Act, 58 of 1962 and are subject to the limitations prescribed therein.
We further advise that bequests from the estates of deceased persons in favour of Focus on iThemba are exempt from the payment of estate duty in terms of Section 4(H) of the Estate Duty Act, 45 of 1955.