Johannesburg - Following a meeting with President Jacob Zuma, FIFA President Joseph S. Blatter presented the 2010 FIFA World Cup Legacy Trust at Soccer City in Johannesburg. This trust will support a wide range of public benefit initiatives in the areas of football development, education, health and humanitarian activities in South Africa. The trust forms part of FIFA’s 2010 FIFA World Cup related legacy programmes and delivers on FIFA’s pledge to ensure that South Africans will continue to benefit from the 2010 FIFA World Cup.
The trust amounts to USD 100 million, USD 80 million of which is being allocated directly to social community projects. The remaining USD 20 million was already provided to the South African Football Association (SAFA) in the build-up to the event for preparations and for the construction of SAFA House. As a first project financed by the trust, FIFA purchased 35 of the team buses and a fleet of 52 cars, which were handed over to SAFA today for transport of their regional teams.
The trust will be administered by international auditing company Ernst and Young while the trustees, consisting of a representative each from FIFA, SAFA, the government and the private sector, will evaluate into which public-benefit projects the money is invested. All projects must be submitted to the trustees for review with one of the decisive conditions being that they must be for public benefit only.
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