Massy's Force for Good philosophy and purpose of developing communities, creating value, and transforming life is the backbone of our business. It drives our every interaction with shareholders, the environment, and the people with whom we work.
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The Massy Foundation derives funding from subsidiary companies. Under Deed of Covenant, each company/division is responsible for paying 1% of its pre-tax profits. With these pre-tax profits, the Foundation adds to its reserve fund for investment into pledges, scholarships and donations.The Foundation was able to collect $2, 345, 000 in seed funding over the period of 1979 to 1987 from its subsidiaries. Despite financially trying times, the Foundation received an additional $605, 000, from 1992 to 1999. From 1999 to 2002, that number rose significantly to $3.2 million.In late 2000, newly appointed Group CEO, Mr. Dulal-Whiteway wished to regularise contributions to the Foundation fund. His goals were the self-sufficiency of the Foundation and the assurance that both the recipients and the Group would both benefit from the Foundation’s activities.In 2005, the Board of Massy Holdings Limited created a committee which reported the operations of the Foundation. The committee was made up of Bernard Dulal-Whiteway, Gaston S. Aguilera, William Lucie-Smith, Rolph Balgobin and Trevor Boopsingh. This committee’s recommendation was for Trinidad-based companies to continually contribute 1% of their pre-tax profits to the Foundation fund.In 2004 the covenants totalled $1.8 million, $2 million in the following year and $2.3 million in 2006. The Foundation is now in a secure position to fund its programmes and operates separately from the Massy Group.