Charitable men and women who make a good loan to God
will have it doubled,
and a generous reward.
(Quran 57:18)

There are several Private Foundations in the Maldives who are making a meaningful contribution to society. However, small businesses do not have the funds to execute their philanthropic aspirations at the same scale as those backed by our business leaders. But we can see many small businesses doing their part and providing support to community initiatives in the form of funding and in-kind contributions. The Community Foundation model would facilitate small businesses and institutions to consolidate their charitable donations to make a larger impact. Corporations, businesses, institutions, government agencies, other foundations, development partners and others can choose to make recurrent donations and gifts into this fund.

Those who give, out of their own possessions, by night and by day, in private and in public, will have their reward with their Lord: no fear for them, nor will they grieve.
(2:274)

The advantage of being a Corporate Partner of MCF is that part of these funds will be invested to generate charity in perpetuity. So, even after the lifetime of the business owner, or even if the business is closed, these contributions will continue to make impacts on our society.

Narrated Abu Huraira: The Prophet (p.b.u.h) said,
“The best charity is that which is practiced by a wealthy person.”
Sahih al-Bukhari

How to become a Corporate Investor

Corporate Investors make a commitment to donate a predefined amount each year. This amount can be transferred as a one time donation or divided across the year. In order to register as a Corporate Investor, each business or institution will sign an agreement with MCF to join us as a Corporate Investor.

Please contact us to start your Corporate Investment Fund with us.

Services

MCF would provide a full range of services to our corporate donors including;

•  Registration and setup of donation mechanism
•  Provision of receipts for Tax filing
•  Investment of donations to ensure maximum profit generation
•  Expert, data driven advice on focus areas where grants will make the most impact
•  Reporting on the impact of donor funds
•  Recognition of corporate partners in MCF communications

Funds utilization

The donations collected into the fund within a set period will be divided into two parts. 30% of the donations will be invested and 70% will be disbursed as grants. At the end of the investment period, the principal amount will be reinvested, and the profit will be disbursed in the next granting cycle. MCF has the option to add a portion of the profit into the Principal amount, thereby growing the invested amount.

MCF will charge a fee from the amount that is disbursed as grants. This fee will go into the Operational Support Fund of MCF. The rate of the fee will be determined by the Finance Committee.

Membership Tiers

Membership tiers are designed to enable businesses or institutions to contribute to our activities according to their means and capabilities. The key concept here is that MCF is open to all levels and sizes of businesses and our strength lies not in each Investor making a large contribution, but in the number of Investors who are committed to contribute towards society and their Hereafter.

And, of a surety, to all will your Lord pay back (in full the recompense) of their deeds: for He knoweth well all that they do.
(Quran 11:111)

The table below shows the membership tiers and the recognition/benefits that MCF would provide to each.

Membership TierAnnual ContributionBenefits
BronzeLess than MVR 6000.00o Certificate of Membership
o Coverage on social media upon joining
o Receipt of donations for submission to MIRA for tax-exemption
SilverMVR 6000.00 to 25,000.00o Certificate of Membership
o Coverage on social media upon joining
o Coverage of 3 of their philanthropic activities on MCF social media per year
o One reserved ticket for the Annual Gala depending on availability
o Receipt of donations for submission to MIRA for tax-exemption
GoldMVR 25,000.00 to 85,000.00o Certificate of Membership
o Coverage on social media upon joining
o Coverage of 3 of their philanthropic activities on MCF social media
o One Free ticket to the Annual Gala depending on availability
o Invitation as guest speaker at events
o Receipt of donations for submission to MIRA for tax-exemption
PlatinumMVR 85,000.00 to 150,000.00o Certificate of Membership
o Coverage on social and online media upon joining
o Coverage on MCF social media on anniversary of the investor’s organisation
o Coverage of 5 their philanthropic activities on MCF social media per year
o One confirmed Free ticket to the Annual Gala
o Stage time at the Annual Gala
o Invitation as guest speaker at events
o Receipt of donations for submission to MIRA for tax-exemption
DiamondMore than MVR 150,000.00o Certificate of Membership
o Coverage on social and mainstream media upon joining
o Coverage on MCF social media on anniversary of the investor’s organisation
o Coverage of 5 their philanthropic activities on MCF social media per year
o Two confirmed Free tickets to the Annual Gala
o Speaking time at the Annual Gala
o Invitation as guest speaker at events
o Receipt of donations for submission to MIRA for tax-exemption

MCF would continue to work towards additional ways of giving due recognition to our corporate donors.

Businesses and institutions who are not yet ready to make a commitment to be a registered member can also explore other funds that they can contribute, such as a one time donation to the Operational Support Fund. Another option is to establish a Legacy Fund in the name of the founder of your organisation or someone who has made a valuable contribution to your success.

If your vision aligns with ours to estabish a sustainable social responsibility platform in the Maldives, you could consider joining as a Founding Partner. This opportunity is open only for a limited time.

Please contact us to discuss how we can help each other to achieve our philanthropic and charitable objectives.