The Activ8 Foundation
- September 6, 2023
- Posted by: Activ8 Capital Management
- Category: Foundation
Franklin D. Roosevelt the 32nd President of the United States once said:
“The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little.”
And this was during a time when the world was in the midst of an economic crisis and a world war.
The Activ8 Group began operations in 2017 and has to date been blessed with loyal clients and staff and has shown good growth in the past years. The group focusses on providing quality independent financial and investment advice to HNW families in South Africa, a country where the majority are still impoverished and need the assistance of the private sector. The Franklin D. Roosevelt quote resonated with the Directors of Activ8 to make a difference in this rainbow nation of ours and was the inspiration that initiated the Activ8 Foundation.
The Activ8 Foundation has the following attributes:
- Trust structure
- Registered PBO: Ref No: 930029986
- SARS tax exempt status
- SARS S18A status, which means that contributions qualify for a tax deduction in the hands of the donor
The principal objective of the Activ8 Foundation is to provide relief and assistance to underprivileged people and communities and charitable organisations in South Africa that serve these communities with a primary focus on education. As the father of our nation, Mr Nelson Mandela said ‘Education is the most powerful weapon you can use to change the World.’’ Enabling education amongst marginalised communities provides a mechanism to eradicate poverty and allow these individuals to reach their full potential, while also providing valuable skills to the country and adding value to the economy.
The foundation is able to accept donations from individuals, trusts and corporates and will provide S18A certificates for all donations received.
Designated donations i.e. where the donor can specify the recipient will be allowed for donations in excess of R100,000.
The Activ8 Group has committed to annually donating a share of group profits to the foundation and encourage Clients, friends and associates of the Activ8 Group to make use of the foundation and assist in helping us all make a difference in the country we are blessed to call home.
Please chat to your Activ8 Professional for more information or check out our website – www.activ8group.co.za