Our Purpose for Existence
Developing Communities Through Strategic Growth Investments
The McGodfred Foundation is a non-governmental philanthropic organization established by the McGodfred family as a special purpose organization through which the McGodfred family would commit a percentage financial amount of the profits and dividends accruing to its family business - the McGodfred Holdings Corporation - for such philanthropic investment initiatives as set out in the legal chatter of the Foundation.
As set out in its legal chatter, the McGodfred Foundation has three objects:
- To create a Scholarship and Endowment Trust for the sponsorship of low-income students from under-privileged communities to pursue higher education in medical science; and with specific specializations in Ophthalmology, Cardiology and Neurology.
- To develop strategic partnerships with selected universities and colleges around the world that meet the Foundation's qualification criteria for funding that supports research projects into Ophthalmology, Cardiology, Neurology Mental Health and Organizational Leadership Development.
- To assist under-privileged medical schools in qualified universities and colleges in selected developing countries in Africa, the Carribean, Eastern Europe and South America with advanced medical science education facilities and technologies to enhance the teaching and learning of medical science.
These three objects of the Foundation are aimed at identifying, selecting, and developing under-privileged communities by investing in their human potentials that ultimately adds value to the livelihoods of those communities.
Our Sources of Funding
The philanthropic investment initiatives of the McGodfred Foundation are primarily funded from a specified percentage of the profits and other assets and resources of McGodfred Holdings Corporation.
Approximately 60% of the Foundation's Scholarship and Endowment Trust is funded by McGodfred Holdings and its three autonomous subsidiary companies. - Vydden Security, Tarnif Hygienics, and Steinsil Properties
This provision for funding the philanthropic investment initiatives of the Foundation was through a legal standing order made and ratified by the founder of McGodfred Holdings Corporation, Mr. Quame McGodfred at the establishment of the McGodfred Foundation.
The McGodfred Holdings Corporation provides additional funding to support the Foundation's Annual Operating Budget.
The McGodfred Foundation on its own, hosts fundraising gala and other charity events such as the "Footprints of Excellence" awards event that recognizes exceptional landmark achievements of sponsored scholars in different categories of academic excellence.
Awards are given to qualified students who meet the criteria for selection.
At these annual charity and award-giving events, the Foundation also raises funds from invited corporate organizations, business leaders and other individuals who support the work of the Foundation to augment its funding from McGodfred Holdings Corporation.
This source of the Foundation's funding is its second largest after McGodfred Holdings and makes up about 25% of the Annual Operating Budget of the Foundation.
As a member of a network of non-governmental international philanthropic organizations, the McGodfred Foundation enjoys generous fraternal support from these organizations that comes in forms of equipment and special purpose machinery donations; specialized technical and professional consultancy; propriety technology transfers and training.
These non-monetary donations from our partner charities are an invaluable contribution to the work of the Foundation.; and on an annual basis, these non-monetary donations amount to about 18% of the Foundation's Annual Operating Budget. This makes up the Foundation's third largest source of funding.
Helping to Fulfill Dreams... Impacting Our World
Dreams sometimes need a supporting environment with the right resources to become realities. Where dreams exist in disabling environments, they are parched and wither into oblivion, leaving the dreamers with a sense of inadequacy, failure, or loss. Dreams thrive where they are identified, recognized, nurtured and cultivated into realizable human potential and ingenuity.
This is the purpose for which the McGodfred Foundation exists. - to breathe life into the hopes of many low-income medical science students from under-privileged communities, assuring them of the Foundation's full support for their education through scholarships and other advancement programs to actualize their medical profession dreams.
The McGodfred Foundation's body of work as a philanthropic non-governmental organization is a small part in the larger role of philanthropic organizations in impacting our world with our charity investment initiatives in communities around the world where we identify the academic potentials that qualify for our support and investment.
A Motivational Quote
"A star is revealed only when the sky turns dark; a star shines the brightest only when the sky turns the darkest"
___ Quame McGodfred
