We apply Solutionist Thinking to economic, social and environmental challenges, so our good business builds a better world. We promote good citizenship beyond CSI, or 1% Net Profit After Tax, to grow opportunities for purpose driven business and the potential to create blended, or shared value.
As a division of the FirstRand Foundation, to the RMB Fund (our CSI vehicle) contributes to a strengthened economy and a better country for all through catalytic investments in education, training and skills development, specifically in support of the Creative Economy. Apart from the Creative Arts and the Environment Programmes, the RMB Fund commits significant support to the Ikusasa Student Financial Aid Programme (ISFAP), a student funding model between government and the private sector to support poor and ‘missing middle’ tertiary education students. Further contributions are made towards top performing, final year students in need, so they can graduate and join the formal economy.
The FirstRand Foundation
The FirstRand Foundation is one of the largest corporate donors in South Africa, and a leader in CSI in the financial services sector.
Established in 1998 as a stand-alone legal entity, the Foundation has invested more than ZAR1.5-bn in CSI projects, enriching and uplifting the lives of many thousands of people across South Africa.
The Foundation itself provides substantial multi-year grants to key partner organisations that fall within four general focus areas: Education; Community strengthening; Social development and Strategic programmes. These grants are supported by the FNB Fund, RMB Fund and WesBank Fund programmes.FirstRand Foundation