Today we signed our first Legacy Fund Agreement. The family has designated part of the fund for the construction of a drinking water well for a needy community. The remaining shall be managed by MCF and in-sha-Allah will generate sadaqah for the Beneficiary in perpetuity.
May Allah bless the Beneficiary for this Sadaqah Jariyah established in her name and may He bless the family who got together to make this possible. Aamen.
Learn more about our Legacy Funds:
Maldivian Community Foundation
The Maldivian Community Foundation (MCF) is a non-governmental, non-profit organisation registered at the Ministry of Youth, Sports and Community Empowerment of the Maldives (reg. no. CR/158/2019), and registered as a tax exempt organisation at the Maldives Inland Revenue Authority. Its mission is to enable individuals, communities and partners to sustainably administer their charitable and philanthropic aspirations. It does this through the management of donated funds and disbursement of grants, scholarships and financial aid.
We aim to follow the well-established community foundation model, tweaking it to the Maldivian context, and thereby positioning ourselves as the premier fundraising and grant making organisation in the country. We plan to provide tools and instruments for the Maldivian community to partake in perpetual charity (sadagah jariyah) and philanthropy, and support the non-governmental sector by providing grants and technical assistance. We would also be working closely with the government and national development partners to strengthen the governance and accountability of the non-profit sector.
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