Musangu Foundation

The Musangu Foundation is a registered UK nonprofit organisation and social enterprise established to harness the collective investment of the private sector, with particular support from the mining industry, towards social and development projects. It operates with a mission to align business investments from mining companies and other enterprises to foster local participation through strategic partnerships.

Background and Purpose

Founded with roots in the mining sector, the Musangu Foundation channels resources and expertise from this industry and beyond to support community and developmental initiatives primarily across several African countries. It focuses on general charitable purposes aimed at benefiting the general public and mankind more broadly. The foundation achieves its goals by making grants to organisations and providing financial support to projects that enhance social and economic development.

Geographic Focus

The Foundation's activities span multiple countries in Africa, including:

• Botswana
• Ghana
• Malawi
• Nigeria
• Rwanda
• Tanzania
• Uganda
• Zambia

Governance and Structure

The Musangu Foundation is governed by a board of four trustees, none of whom receive remuneration or benefits from the charity. It operates with transparent governance policies, including comprehensive procedures for complaints handling, managing conflicts of interest, financial controls, risk management, and trustee expenses.

Financial Overview

For the financial year ending April 30, 2023, the Foundation reported a total income of approximately £20,000, with expenditures around £3,144. The charity does not have trading subsidiaries, nor does it have employees receiving benefits over £60,000.

Registration

The Musangu Foundation is registered with the Charity Commission in England and Wales under charity number 1167980 and maintains up-to-date reporting compliance.

The Musangu Foundation exemplifies a collaborative social enterprise model within the UK charity sector, leveraging private sector investments to promote sustainable development and community empowerment across several African nations.

[1] http://www.musangufoundation.org [2] https://register-of-charities.charitycommission.gov.uk/en/charity-search/-/charity-details/5075481 [3] https://register-of-charities.charitycommission.gov.uk/en/charity-search/-/charity-details/5075481/full-print [4] https://ngoexplorer.org/charity/1167980 [5] https://find-and-update.company-information.service.gov.uk/company/09929136