• About the Foundation

    Jul 30 2014

    The Massy Foundation (the Foundation) was formed in 1979, two decades before former UN Secretary General – Kofi A. Annan challenged companies to focus attention toward Corporate Social Responsibility by signing the Principles of the Global Compact.   Massy's leadership must be credited for their vision, which sought to encompass more than the traditional focus on shareholder value. Through the Foundation, the Massy Group reached out and worked alongside external community partners.
     
    Corporate Social Responsibility is defined as the concept whereby organizations consider the interests of society by taking responsibility for the impact of their activities on customers, employees, shareholders, communities and the environment in all aspects of their operations. This obligation is seen to extend beyond the statutory obligation to comply with legislation and sees organizations voluntarily taking further steps to improve the quality of life for employees and their families as well as for the local community and society at large.

    The Foundation’s particular focus, when created, was to assist in the functionality of non-governmental organizations (NGOs), schools and religious bodies. Today, our work is wholly in keeping with our mission and the whole idea of Corporate Social Responsibility and has evolved to focus on fulfilling the following objectives:

          - The relief of poverty, suffering and distress and the provision of financial and other assistance for disadvantaged persons and their dependants in Trinidad and Tobago
          -  The advancement of education in Trinidad and Tobago
          -  The advancement of religion in Trinidad and Tobago


    The Foundation would be not be as successful as it is today without the continued support of the Group’s strength and versatility, its patriotic roots, its employee diversity and its empowered leadership.

    The Foundation was incorporated as a company limited by guarantee on June 18, 1979, and was continued under the provisions of the Companies’ Act, 1995 on April 16, 1999. It is approved by the Board of Inland Revenue as a charity under Section 6 of the Corporation taxes Act. The registered office of the Company is situated at 63 Park Street, Port of Spain, Trinidad. The Foundation’s auditors are Price Waterhouse Coopers, based at 11-13 Victoria, Port of Spain, Trinidad.

    Its “members” are the Massy Group’s subsidiaries who recommend appointments to the Board. The Board is independent of Massy and makes appointments to fill casual vacancies. The Chairman is elected from among the Directors and is independent of the contributing members of the Massy Group.

    The Foundation’s first Board meeting took place on Monday October 8, 1979: Group CEO at that time was Sidney Knox. Five Directors drawn from a cross-section of the national community were appointed, and these founding champions of the Massy Foundation were: Karl de la Bastide, Ken Gittens, Mervyn McConnie, Geoff Inglefield and Philip Rochford.

    Other Directors who have selflessly contributed their time and service and have recently retired are George Phillips (Chairman), Sister Paul D’Ornellas, Mortley F. De Peaza and Jewan R. Singh. Those presently serving are Gaston Aguilera (Chairman), Hugh Henderson, Angela Hamel-Smith, Sandra Welch-Farrell, David O’Brien, Keith de Freitas, Phillip Hamel-Smith and Gem Rowe who has been the Secretary since inception.

    The Foundation is funded through contributions from subsidiary companies – 1% of company pre-tax profits.