ten short years CIDA City Campus has become known as one of
the most widely recognised and effective responses to the issue
of poverty alleviation in Africa. It has established an outstanding
series of programmes and an international support network of
influential companies and individuals.
CIDA believes that outstanding programmes require consistent
funding. To achieve this, CIDA now seeks to safeguard it's future
by ensuring it's long-term sustainability. Further, CIDA has
enormously exciting plans to replicate self sustaining campuses,
which it is in a position to do, once the future of the Johannesburg
campus is secured to educate over 3000 students per year.
To this end CIDA's Diamond Fund was initiated on 12 August 2006
with the donation of R20m from founder member, Claas Daun, and
R10m from the Kellogg Foundation. The Diamond Fund is an endowment
fund that aims to secure a sustainable source of annuity funding
for the university by accumulating a capital base of R300 million
through donations. This capital will be invested in a diversified
portfolio of assets so as to generate a low risk high yield
return, prioritizing capital preservation whilst providing investment
income to fund operational costs and scholarships for students.
CIDA's Diamond Fund offers donors a unique opportunity to transform
a once off donation into a lifelong investment in the development
of South Africa, and more specifically it's youth by securing
financial sustainability for CIDA City Campus and it's programmes.
CIDA seeks 30 exclusive donors (individuals, groups of individuals,
foundations or companies) to invest in a CIDA Diamond by contributing
R10 million each to create this endowment fund. These gifts
will be invested into perpetuity, creating a permanent Diamond
Partner legacy to fund the delivery of tertiary business education
The CIDA Diamond Fund offers two distinct
opportunities to Diamond Investors:
1. Donations to CIDA Empowerment Limited, a 100%
black owned and controlled investment company with 100% of it's
profits being channelled to CIDA university, will be used to
acquire stakes in a mixture of high growth, highly cast generative
small-to-medium sized unlisted businesses at very attractive
valuations. The South African Government's imposition of a top-down
Black Economic Empowerment (BEE) strategy, which requires traditionally
white-owned business to introduce BEE partners at an equity
level, has afforded CIDA an excellent opportunity to secure
financial sustainability by generating superior capital and
dividend returns from a high-yielding investment portfolio comprising
equity stakes in businesses operating in South Africa.
2. Donations to the CIDA Diamond Fund will be held as capital
reserves, invested in a balanced portfolio by Investec Asset
Management, from which interest or investment income will be
generated and used for CIDA's long-term sustainability.
If you wish to become a Diamond Investor, please contact the
CIDA Empowerment Fund.