The Business for Empowerment Foundation was established in 2008 as a B4i Empowerment Group initiative, with the aim to encourage businesses to take a stand against vulnerable women and children in our society.
The foundation started out as a trust and later grew and established itself as a preferred BEE Socio-Economic Development (SED) foundation to BEE qualifying beneficiaries. The foundation’s mission is to instill confidence in companies by giving them peace of mind that their funding actually reaches the people it was intended for.
Beneficiaries are carefully selected and supported with directors Yolandi Venter, Octavia Ephraim & Louis McLaren who jointly take responsibility to ensure that the foundation lives up to its purpose of making a proper difference in the journey of transformation.
Points for the Socio-economic Development element on the BEE scorecard are achieved through monetary and non-monetary contributions by a measured entity that are actually initiated and implemented in favour of beneficiaries, with the specific objective of facilitating sustainable access to the economy for those beneficiaries. The contributions are measured against 1% of the measured entity’s Net Profit After Tax and equates to 5 points on the BEE scorecard.
The primary objective of the Foundation is to source funds for its beneficiaries and to offer developmental and monitoring support, as well as raise awareness for specific causes.
Since 2008, millions of Rands have been distributed to the selected beneficiaries. The fact that more funds have been distributed to its beneficiaries than donations received, makes this Foundation unique. This is due to trustees who waiver any remuneration and keep costs to an absolute minimum, and due to interest accrued and dividends received from Black SEED, a socio economic and enterprise development company.
In 1999 already, the founder of the Trust, Louis McLaren, expressed the vision of launching a scheme to feed and house homeless children. It was his passion, yet he lacked funding to realize the dream. In 2008, during a dream, God revealed to him how to craft the Foundation and so the Business for Empowerment Foundation was born.
Louis’s dream is to reach a point where R100 million can be donated to organisations who support the vulnerable amongst us. Because the B4EF is packaged within the business landscape, funds can be sourced from this platform and the target of R100 million can be reached. The overarching purpose of the Trust is to support communities in a sustainable way, ensuring positive impact and ultimate economic empowerment.
Should you wish to donate to a specific cause please reference one of the 5 areas below:
1. Anti human trafficking
2. Orphaned & Vulnerable Children
3. Community Aid
4. Food Schemes
5. Where its needed most
No amount is too small
As many of the Foundation’s activities center around funds being donated, no amount given is too small and we would like to thank you in advance for whatever contribution you are able to make. Your money will be in good hands and we will make sure its distributed to where its needed.