Kellogg Foundation Closes SA Office

Kellogg Foundation Closes SA Office

The Kellogg Foundation, which donated R215-million in grants to southern Africa in the year ending August 2008, and about R2.8-billion since 1986, has closed its office in South Africa

The Kellogg Foundation, which donated R215-million in grants to southern Africa in the year ending August 2008, and about R2.8-billion since 1986, has closed its office in South Africa.

The foundation’s chief executive, Sterling Speirn, points out that while the withdrawal takes place against a backdrop of an ongoing forensic investigation into financial irregularities in its South African office, the decision to close the office was made for budgetary reasons.

"The foundation determined the costs of maintaining a local office could be better utilised in funding beneficiaries in the region and has decided to close the Pretoria office, effective from June 30 2009... We are trimming budgets in all regions, given the reduction in our overall asset base," Speirn said.

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Source: 
The Times

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