The new club of fortune
ALEXANDRA - Leap Science and Maths schools have come up with an innovative way of raising funds with the launch of the Fortune 500 Club.
Many businesses consider it a notable achievement to be on the Fortune500 list, but now there’s a new club in town that’s more about what companies do with their fortunes.
The Fortunate 500 Club was founded by Leap Science and Maths School for corporates that want to partner profit with philanthropy. Situated in the Western Cape, Limpopo and Alexandra in Gauteng, Leap Science and Maths School provides no-fee education to 800 pupils from disadvantaged backgrounds.
All school costs are covered by grants and donations. Leap is reliant on companies and individuals to continue educating South Africa’s future leaders.
In response to the country’s education crisis, The Elma Foundation has provided Leap with a matching grant to assist the schools with fundraising.
Aimed at helping Leap build its South African donor base and ensure long-term sustainability, the grant commits to matching new donations of R500 000 or more, subject to certain minimal conditions.
This means South African individuals or companies which donate half a million to Leap, will in fact have donated R1 million.
By participating in this scheme, individuals and corporates make a statement acknowledging their fortunes, but set an example of using this fortunate position for greater good.
Details: leapschool.org.za or fortunate500@leapschool.org.za
