1 / 9

ASISA Foundation

ASISA Foundation. Town Hall Meeting 2013. Ruth Benjamin-Swales. ASISA Foundation. Structure Trustees Strategy Processes Funding Conclusion. Legal Structure. Funders. Min 7 year term Capital Preservation Interest free loan 125% ED Points immediately. Invest. Loan.

anila
Download Presentation

ASISA Foundation

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ASISA Foundation Town Hall Meeting 2013 Ruth Benjamin-Swales

  2. ASISA Foundation • Structure • Trustees • Strategy • Processes • Funding • Conclusion

  3. Legal Structure Funders • Min 7 year term • Capital Preservation • Interest free loan • 125% ED Points immediately Invest Loan • Min 7 year term • Min R15m • ROI • Voting Rights • 125% ED Points immediately Grant • Annual lump sum • 150% ED Points immediately • 100% CFE Points immediately • Deductible tax benefit Investors (Max 49%) ASISA Foundation (Min 51%) ASISA Foundation (Government, Labour, Community) ASISA ED FUND Board of Trustees ASISA FOUNDATION Investment Committee Board of Trustees Fund Administrator Enterprise Development Business Development Support Financial Education Small & Medium Enterprises (Investees) Consumers

  4. Foundation Structure • Trust registered 30 Nov 2013 • FNB bank account • NPO, PBO, Welfare Organisation • Compliant with Financial Sector Code • Broad-based ownership scheme (B-BOS) • 85% of activities for black beneficiaries • 40% black women • Majority beneficiary of ASISA Enterprise Development Fund • Competent persons report issued

  5. Trustees

  6. Strategy Definition of CFE aligned to national and international OECD definition Framework – International but adapted to SA context Long/medium/short term approach Objective – sustainable CFE projects with significant impact using the benefits of scale through pooled industry resources Creative and innovative solutions Collaborative approach Supported by ASISA Consumer Education Standing Committee

  7. Processes

  8. Funding • Inadequate funds to meet objective • FSC Compliance: Members must spend on CFE • 2013 - 0.30% of NPAT • 2014 - 0.40% of NPAT • Capital Raising meetings held with ASISA members and non-members • Must implement projects before 28 February 2014

  9. Conclusion Be a part of achieving the Foundation’s Vision of implementing sustainable CFE projects which have significant impact in our society, made possible by the benefits of scale achieved through pooled industry resources Take advantage of the Foundation’s strong legal and governance structure which facilitates immediate point scoring and ensures that funds are well managed

More Related