FOUNDATION’S UNIQUE SOCIAL INVESTMENT PROGRAMME COMES OF AGE
PUPKEWITZ Holdings’ social investment arm, the Pupkewitz Foundation has made a remarkable difference to many people around the country, especially the needy and the less fortunate ones, by its regular annual support both financially and in offering advice.
The Foundation was started in 2003 with an endeavour to offer a helping hand to the needy and financial assistance to organizations operating in the fields of social and cultural needs, sport, education and other areas that benefit larger communities.
The Foundation’s activities are guided by its Board of Trustees, chaired by Harold Pupkewitz. The other Trustees, Adv. Theo Frank, Graham Ellis, Meryl Barry and Douglas Reissner oversee daily activities of the Foundation, voluntarily.
According to the Executive Chairman of the Pupkewitz Group, Harold Pupkewitz, the Foundation was established on a very modest scale to show the Group’s social responsibility, as the Government could not be expected to do it alone.
He says, “For many years we have endeavoured to show to people across the broad spectrum of society that we care about matters of public concern. We care about alleviating human suffering and thus contribute to organisations which relieve poverty and support organisations that provide basic health services such as the Namibia Red Cross Society, amongst others.”
The Foundation commenced its activities with a modest budget of N$ 250, 000, which increased annually, and today stands at N$ 1, 5 million.
Pupkewitz intends the annual budget of the Foundation to rise to as much as N$ 5 million should the business situation continue to improve where sponsorships and marketing endeavours are not included as beneficiaries of the Foundation, as they serve a business purpose.
“Our budget, now running into six figures, is used with circumspection to ensure that our donations end up in the hands of organisations who operate in an effective manner, issue reliable reports which show transparency, responsibility and accountability on the use of funds,” says the Chairman.
Since its inception, the Pupkewitz Foundation has made tremendous strides in the following areas, namely;
• Acting as one of several founding sponsors’ of the Government’s ETSIP educational initiative in 2007. The total contribution made amounted to N$ 1 million where N$ 300 000 was provided by the Pupkewitz Foundation and the N$ 700...
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