THE FOUNDATION FOR SUSTAINAIBLE DEVELOPMENT FOR AFRICA
PROGRAMS FUNDING
FOSDAF creates 4 special funds to support the execution of the program :
- The Holistic Education Fund
- The Fund for Integrated Self-Sufficiency of Grassroots Communities
- The Integrated Entrepreneurship Fund
- The Fund for Applied Research and Innovation
The first sources of the program funding are the subscriptions of the founding members, collaborating members and sponsors of the Foundation.
According to article 4 of the FOSDAF by-laws, “Founding members are required to register with an initial sum of $ 1,000 US dollars added to the capital of the Foundation, plus a monthly membership fee of $ 20 US dollars. Ordinary members only contribute $ 20 US dollars per month. New memberships, whether for founding members or ordinary members, are open to members throughout the life of the foundation; they are seen as a means of supporting the financial growth required for the continent’s take off “.
Given the civil and popular character of the Foundation, every African and the general public is required to make
a minimum monthly contribution of $ 1.00 US dollar (“One dollar for a greater Africa”). FOSDAF aims to improve the quality of life of every African, wherever they reside. For this every African is entitled to benefit from ad hoc programs organized for this purpose.
The main challenge, which FOSDAF must absolutely meet, is to ensure both :
- a massive subscription to its capital, commensura-te with the ambitions of its program and ;
- a high-level and motivated multidisciplinary team to implement its program.
The second pillar of economic flow is poor in African economies, due to the insane race of its rulers and even of its elite towards foreign investment and the consequent sell-off of its natural resources. This program aims to restore a base of secondary production and services to internal entrepreneurs, on the basis of an integrated vision of African development.