B-BBEE Benefits
B-BBEE FOR DONORS TO FOCUS ON iTHEMBA
B-BBEE Compliant
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 (SED): up to 5 points for both Generic companies and for Qualifying Small Enterprises
- Enterprise Development (ED): up to 5 points for both Generic companies and for Qualifying Small Enterprises
Your SED donation will go towards our iThemba Scholars Programme; the Esther Foster Care Model; infrastructure, or as a general donation.
Your ED donation will go towards our iThemba Educare Programme and help us continue our work with 11 x Early Childhood Development Centres in the lower-income community. In talking to some of our donors, we found that the application of ED funds is often a hurdle to companies due to it being outside of their core focus. This model allows donors the opportunity to channel these funds wisely while making a meaningful and lasting impact.
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.