GET YOUR POINTS
If a company makes a donation to Chic Mamas Do Care Durban, they can attract up to 25 points on their BBBEE (Broad-based Black Economic Empowerment) scorecard. Chic Mamas Do Care Durban focuses on helping more than 90% previously disadvantaged Black South African pre-school children and their teachers.
Chic Mamas Do Care Durban is an accredited non-profit organization
Our NPO number is 083 466 –NPO. Through supporting Chic Mamas Durban your company can receive tax deductions and BBBEE Points:
Chic Mamas Do Care Durban funds ECD projects from the resale of garment donations and donor funding. As an 18a approved PBO, Chic Mamas Do Care is able to issue certification to garment donors for inclusion in tax returns.
SED AND CSI
Socio-Economic development or Corporate Social Investment (CSI) is one of the most simple routes for companies to “give back” to society and to build a strong image as a caring corporate citizen as well as to earn BBBEE points.
Donations can qualify organizations to score BBBEE points. The full value of the contributions made is recognizable if at least 75% of the value directly benefits previously disadvantaged South Africans. The beneficiaries of Chic Mamas Do Care Durban are more than 90% previously disadvantaged and 99% of the value of the donations accrues to “black” beneficiaries. (Black as defined in terms of the Department of Trade and Industry’s Broad-based Black Economic Empowerment Codes of Good Practice).
- Business enterprises with an annual turnover of between R5 million and R35 million who donate 1% of net profit after tax will receive 25 points towards their BBBEE scorecard.
- Enterprises with an annual turnover of more than R35 million would need to contribute 1% of net profit after tax to earn 25 points
- Please note that points can only be received for company contributions, so donations from staff members will not be eligible.
- Corporate sponsors will be given a certificate that can then be submitted to a BBBEE verification agency for points on their BBBEE scorecard.
If you have any queries regarding how your company can make a donation in order to earn BBBEE points please contact Jenny on firstname.lastname@example.org