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De Beers Fund

The De Beers Fund, established in July 1998, it is the dedicated instrument through which De Beers Consolidated Mines directs its social investment spending in South Africa. Support by De Beers in the wider community  for educational and welfare initiatives dates back to the company's earliest days. These efforts were formalised in the mid-1970s when De Beers participated in the launch of the Anglo American and De Beers Chairman's Fund. For the next 25 years, the Chairman's Fund drew on the pooled contributions of the countries largest companies to make a significant impact in practically every field of development and community upliftment. Following the wider separation of management and operational ties between Anglo American and De Beers at the end of 1997, De Beers went on to form the De Beers Fund in 1998.