CEFI.co.za is designed to be simple and to the point. Not to Entertain, but to enlighten and inspire. CEFI is unique and innovative, like the passionate people who make CEFI the success it is today. - Brian Eckley
What is CEFI?
Corporate Education Funding Initiative CEFI came about:
- due to the Broad Based Black Economic Empowerment (BBBEE) Act, commonly referred to as the Black Economic Empowerment (BEE) Act being promulgated.
- to cater for two main problem areas that exist:
1) Many companies are reluctant to give money to charity, for a number of reasons:
- Too little of the funds actually reach the needy (due to running/admin costs)
- You never see the results of your efforts.......it is to impersonal.
- At the end of the day it doesn't seem to help, the problem just gets bigger.
With no tertiary education some are forced into a life of crime, some will secure jobs. So with these two problems in mind, CEFI was born:
- CEFI is child specific, a trust fund is set up in the name of the child.
- CEFI will ensure that 100% of the cash donation reaches the child.
- Each child will have an opportunity - an opportunity, which would give them a lifetime of self-sufficiency and make them useful members of society.
CEFI will ensure that companies will benefit from the donations in terms of:
- The donation will comply with the Social Development Contribution of the BEE scorecard.
- Children of employees can be sponsored and this will enhance the companies scorecard as well as enhance Staff loyalty/retention.
- The children being sponsored by the company could well become future employees of the company.