The TomorrowToday Foundation will be operating for now, primarily in South Africa and supporting charities and initiatives in this country that are involved in improving the lot of its people. All South African taxpayers making donations to the TomorrowToday Foundation can claim a deduction of up to 10% from their taxable income. This effectively means that for those taxpayers in the highest tax bracket of 40%, every Rand donated will only cost 60 cents. Contributions by corporate South Africa will also be eligible to score BEE points. Formal receipts for donations will be issued and letters confirming use and destination of proceeds will be done for BEE purposes.
Currently, the Foundation works with Hope Farm, Iphutheng Primary School and the Lighthouse Mission – see details here. The list of beneficiaries will continue to grow as the support does. If you donate more than R 10,000 (once off, or over a period of time), you can add to our list of beneficiaries. Otherwise, we ask you to nominate one of our existing projects, or leave the choice to us.
The TomorrowToday Foundation is a trust structure authorised by the Masters office in South Africa (refer Letter of Authority IT630/2009) and given exemption from taxes and duties by the South African Revenue Service.
The trust began its life as the BJM Charitable Foundation and following the sale of BJM to a large corporate bank, the trust ceased to operate. TomorrowToday have taken over this Public Benefit Organisation (PBO Ref No: 930029986), changed its name to the Tomorrow Today Foundation and will be using this vehicle to help facilitate and enable some of tomorrow’s changes today.
The Foundation uses every cent it receives for the benefit of its beneficiaries. The costs of the Foundation are covered by TomorrowToday. A small percentage of all donations is held back in the Trust to build up an endowment fund.
Contact the TomorrowToday Foundation to make a donation or for more information