Citadel Global
Philanthropy
Do good, better. Sustainably.
PHILANTHROPY FOUNDATION
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). The Citadel Environmental, Social and Governance Report 2020PERSONAL GIVING
As a donor you will be able to personalise your account and, if desired, make grants in your account’s name.COST BENEFITS
The CPF is a good alternative to a private foundation. It offers all the benefits, but with lower associated costs and zero administration.TAX BENEFITS
Donations to the CPF are immediately eligible for tax benefits; the foundation also facilitates all tax incentives and B-BBEE points.PHILANTHROPY IN ACTION
OUR SERVICES
As wealth management specialists, Citadel offers advice and services to individuals who are looking for strategic guidance and planning in the giving of their wealth.
ONSEEPKANS
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.
SUSTAINABILITY
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.