By MTHULISI SIBANDA
JOHANNESBURG – SAGE has made available US$1 million for non-profit organisation in Africa to help improve the lives of military veterans, young people or women and girls.
The initiative by the market and technology leader for integrated accounting, payroll & HR, and payment systems is known as the Enterprise Fund.
The $1 million will be split between two rounds of $500 000 with the second round ready for release in July 2017.
Applications for the first round are open until April 5; grants between $5 000 and $35 000 will then be awarded to successful applicants.
Joanne van der Walt, Sage Foundation Manager, Africa at Sage, says Sage Foundation’s Enterprise Fund is designed to help organisations generate further income, create new initiatives or enhance existing activity.
“There are some wonderful charities across Africa who has innovative yet practical ideas about how they can solve some of the socio-economic challenges their communities face each day. We want to help them turn these exceptional ideas into reality,” says van der Welt.
Sage Foundation’s Enterprise Fund was originally announced at Sage Summit in Chicago in July 2016, part of a series of new initiatives to mobilise Sage colleagues, partners and customers around a common vision for change. As part of 2017’s new Sage Summit Tour, Sage Foundation will be working with Sage’s brilliant network of business builders, to take action together.
At the Sage Summit Tour in Johannesburg from March 7-9, Sage will update delegates about how the Sage Foundation is making a difference for communities and non-profit organisations across Africa with its approach to social investment. It will also disclose how the Enterprise Fund will benefit the region’s charities.
– Guardian