KET qualifies as a Socio Economic Development (SED) Beneficiary in terms of the Broad-Based Black Economic Empowerment (B-BBEE) codes and as a Public Benefit Organisation (PBO) with section 18A status for tax purposes.
KET’s annual turnover is less than R10 million and therefore has an automatic level 4 status. For a donor to obtain SED points on its scorecard, they may make SED contributions to KET, whose focus is facilitating income-generating activities for targeted beneficiaries – for example, the principals and teachers who operate and own the Early Childhood Development facilities. The contributions promote support for these entities and mainly black women and youth to create sustainable access to the economy and skills development.
As a registered, tax-exempt Public Benefit Organisation (PBO) with Section 18A status, we are also able to issue tax-deductible receipts to South African based donors for cash or goods donations made. For more information, please email firstname.lastname@example.org
“In excess of 75% (2020 – actual 80%) of Socio-Economic Development Contributions received benefit Black people. The full value of SED contributions is therefore recognisable for B-BBEE”.
If your legacy or CSI requirement extends to building a preschool or assisting a preschool/s to complete infrastructure needs to achieve registration, then kindly email email@example.com for further information.
Build South Africa's preschools of the future.