Procedures and Documentation
All projects to be considered must provide (at least) the following information for consideration:
- an overview of the work of the organisation including a detailed description of the beneficiaries
- activities and expected outcomes for the current financial year
- a description of what the requested funding will be used for
- annual operating budget (including both projected income and expenditure)
- a list of current board members
- a list of past and current donors
- formal constituting document such as a Trust Deed, Constitution, or other
- NPO Registration Certificate
- SARS PBO Registration Letter
- most recent audited financial statements and annual report
- a blank cancelled letterhead
- a blank cancelled cheque or certified copy of bank details from the bank
More detailed proposal information may be requested from larger projects the Foundation may look to support and may be subject to rigorous analysis by GreaterCapital.
No formal deadlines exist and proposals received will be reviewed and presented to the Trustees following the completion of the due diligence process.
Upon approval of funding, organisations receiving donations of R50,000 or less will receive a formal letter confirming the grant/donation and including details of the funding requirements. These include:
- the provision of Section 18A receipts,
- confirmation of the percentage of black beneficiaries
- the provision of a detailed report at the end of the Cadiz Holdings financial year (including photographs where possible)
Organisations receiving grants of R50,000 or more will be required to complete a grant agreement in addition to providing the above information.
Finally all rejected projects will receive a letter of regret explaining the Cadiz Foundation funding policy.