Last September, KPMG South Africa pledged to donate R40 million to NGOs involved in education and anti-corruption initiatives.
This pledge was made as an acknowledgement of mistakes we have made in the past, and is part of a broader strategy to ensure that we become more actively involved in making a sustainable contribution towards pressing societal challenges facing the country. This commitment resides alongside other firm reforms that ensure we uphold the highest ethical and professional standards and understand our responsibility to be good corporate citizens.
The funds have been committed as follows:
50% of the funding committed to educational initiatives
In line with our call for proposals on the 21st of May 2018, which closed 18th June 2018, funding will be considered for organisations involved in literacy, early childhood development, cradle-to-career initiatives and programmes to tackle systemic challenges in the education ecosystem. This request for application submissions attracted an overwhelming response from grant seekers across South Africa, whom we would like to thank for engaging in this rigorous process.
50% of the funding committed to anti-corruption initiatives
In order to enhance KPMG's independence from beneficiary organisations (and vice versa), services of
intermediary partners will be used to advance funding to Anti-Corruption initiatives. Engagements with potential partners is currently underway. An update will be provided upon the successful conclusion of the engagement terms with the respective partners.
We would like to inform all interested parties that the window for application submissions is now officially closed. Due to the significant number of applications received, we unfortunately are not able to consider any late applications submissions.
We are now in the evaluation phase of our process; all applications received within the submission deadline will be given fair consideration against the specified criteria by a dedicated evaluation team with oversight provided by our Public Interest, Social and Ethics Committee, a sub-committee of the KPMG Policy Board. Ultimately, all funding decisions will be taken by a panel of experts independent of KPMG, constituted specifically to undertake a detailed review and approval of applications received.
Timelines of the application process:
Please note that the timelines outlined in the linked illustration are indicative. Applicants will be kept informed, as relevant to their funding application, as we proceed with the various stages of our process.