Update on the R40m Public Interest Funding Initiative
In September 2017 KPMG committed to donate fees earned from Gupta-related entities to education and anti-corruption NGOs on an equal split of just over R20 million each.
In line with our continued commitment to support inclusive and equitable quality education and promote lifelong learning, a call for proposals was launched on 21 May 2018, attracting within a month over a thousand applications from organisations delivering work in literacy, early childhood development, cradle-to-career initiatives, programmes tackling systemic challenges in the education ecosystem, and those that seek to enhance the well-being of the learner.
Heeding this call, which drew to a close on 18 June 2018, were organisations represented across South Africa’s nine provinces; Gauteng, Kwa-Zulu Natal and the Western Cape drawing the largest number of applicants. The majority of project beneficiaries are located in rural and per-urban centres with the total request for funding exceeding R2 billion. Early Childhood Development attracted the largest number of applications, with Literacy and Cradle to Career following closely behind. A significant number of applications addressing multiple areas of need within education were also received.
All applications received within the deadline were considered within a two-step evaluation phase, a process driven with rigour, objectivity and fairness, which ran a total of 16 weeks. Each application was assessed against a standardised process to determine alignment with set criteria, with an Independent Evaluation Committee, constituting experts drawn from the education and grant making sectors, youth and civil society leaders, leading detailed deliberations and decisions on the shortlist of grantees.
Although lengthy, the depth with which each evaluation was considered was comprehensive and ensured that each application was evaluated firstly on individual merits and against the collective portfolio of applications received. The overwhelming response from the non-profit organisations also ensured a focused selection process, in which need and impact were prioritised, with a large preference for those benefitting rural and peri-urban communities.
The evaluation process has been concluded with 52 applications making the shortlist. We sincerely regret that our funds were significantly limited against the scale of need, and as such, were unable to fund everyone that applied. We appreciate the time and effort that the organisations undertook to complete our application process.
A provisional shortlist of successful organisations against which due diligence assessments will be undertaken has now been finalised. All organisations that have applied have been informed on whether or not they have been successful. Those organisations that are successful in the due diligence assessment will be contracted and deemed recipients of grant funding from KPMG.
Please access an outline of our updated Grants Management Process for the complete scope of our process.
We will once the full process is finalised provide a further update.
Ethical Leadership and Anti-Corruption Funding:
KPMG has appointed the anti-corruption partners and contracting is in progress. A detailed update will be shared once this has been completed.
KPMG distributing R47-million to anti-corruption and education initiatives
KPMG is distributing the R47-million it earned in fees from Gupta-related entities to civil society organisations promoting ethical leadership and accountable governance, and to non-profit organisations in the education sector.