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Banque Misr Foundation for Community Development and Welfare
 

Authorized Number 7045/2007

Since Banque Misr was established in 1920, the bank had a corporate social responsibility program, as one of its basic beliefs is to participate in social activities supporting community development in Egypt.

In continuation for its role ,Banque Misr decided in 2007 to establish a non-profit foundation the" Banque Misr Foundation for Community Development and Welfare" which was authorized by Ministry of social solidarity under registration number 7045 of 2007 Cairo , as a separate legal entity from Banque Misr and managed by a Board of Trustees.

Objectives

- Focus on the areas of health, education, culture, economic welfare and protection.
- Support local communities in their development projects.
- Support activities carried out by the civil society that has a meaningful impact on society.
- Offer scholarships for talented university students.
- Provide financial and in-kind support to scientific research centers, schools, universities and public hospitals.
- Assist elderly citizens and those of special needs to live a normal life.
The foundation will not fund projects with religious or political interests or objectives

Projects

- The achievement of the objectives of the foundation will be through the implementation of development projects. The projects will be implemented through NGOs specialized in the field of work.
- The foundation role will be to finance and monitor the project implementation. Projects or proposals may be generated by the Trustees of the Foundation or by the NGOs by potential beneficiary groups.

Projects criteria

Project proposals will be submitted to the Board of Trustees for review and approval. Projects should meet the following criteria:

  • Be in line with the objectives of the foundation.
  • Reach the maximum number of our targeted beneficiaries in the Egyptian community.
  • Have a meaningful impact and therefore the foundation avoids as much as possible small, fragmented projects.
  • Be executed by an NGO which will be funded by the foundation

Examples of Projects supported by the Foundation in the following institutions

  • LE 500,000 for Kidney and Urinary infections institute _Mansoura University.
  • LE 50,000 for the Center of the Social Insurance Fund of the Public department for students support _Ministry of High Education.
  • LE 3,000 for the National Institute of the blind.
  • LE 100,000 for inplant of organs department Ain Shams University.
  • LE 500,000 for constructing a hospital and an Institute for Liver_Dakahlia.

Resources

The Foundation funds will come from the following sources:

  • Misr Bank, will allocate on a yearly basis a contribution from its net profit.
  • Institutions wishing to support the Foundation in its general objectives or in certain of its projects.
  • Donations coming from within or from outside Egypt from individuals who believe that the foundation could be a reliable conduit to channel their charity activity.

Organization

Under the supervision of the Board of Trustees, the Foundation is run on a day to day basis by a small staff composed of a Foundation Director assisted by one development officer, an accountant and an administrative assistant.

Members of the Board of Trustees

  • Chairman: Mr. Mohamed Kamal El-Din Barakat
  • Vice-Chairman: Dr. Ali Fahmy El-Saeedy
  • Vice Chairman: Mr. Selim Kassis
  • Secretary General: Mr. Samir Hamza
  • Treasurer: Mrs. Soheir El-Sayed

Members

  • Mr. Mohamed A.El-Hamamsy
  • Dr. Ibrahim Badran
  • Dr. Amina El-Gendy.
  • Mr. Nabil Ibrahim
  • Mr. Mahmoud El-Araby
  • Mr. Ayman Korra

To support the Foundation:

If you wish to support Banque Misr Foundation, you may give a donation to the following account:

Banque Misr Foundation for Community Development and Welfare Account No. 101-001-00800002 Banque Misr – Cairo Branch.

Or by contacting the Foundation at its address: Banque Misr Tower 153 Mohamed Farid st., 22nd floor – Cairo- Egypt.

   
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