“Education is the most powerful weapon which you can use to change the world.” – Nelson Mandela
The Edge Education Foundation (TEEF) is the philanthropic arm of The Edge Media Group. It focuses on education because education is key to breaking the cycle of poverty.
TEEF promotes two main initiatives in the field of education – English proficiency and financial literacy. Our target audience is youths, particularly those in secondary school. These two initiatives aim to improve social and economic inclusion among disadvantaged groups. Helping young people to improve their proficiency in English and equipping them to be financially literate will enable them to develop the capacity and confidence they need to improve their own situations.
Past programmes to improve English proficiency include after-school English classes in 2014 to help students from lower-income homes prepare for the Form 3 Assessment or Pentaksiran Tingkatan 3 (PT3) English examination. The programme was funded by proceeds from the 2014 Rat Race.
The Foundation’s flagship programme in the area of financial literacy is “Money & Me: Youth Financial Empowerment Programme”. Money & Me is a free financial literacy programme designed by TEEF with the support of Citi Foundation. Its target audience is students in Form 4, and it is approved as a co-curricular programme for schools by the Ministry of Education. The programme was rolled out in March 2016 at five schools in Kuala Lumpur in collaboration with several partners from the private sector and academia. In 2017, the programme expanded to eight schools in Kuala Lumpur and Selangor.
Money & Me has two objectives: (1) To equip youths with financial literacy as a basic life skill; and (2) To equip low- and lower-middle income youths with basic entrepreneurship skills to help them improve their economic prospects, in particular through setting up small businesses. The programme addresses the growing concerns about debt, insolvency and unemployment among young Malaysians.
Funds raised through The Edge Kuala Lumpur Rat Race go towards programmes that also contribute towards social and economic inclusion. In 2014, the first year that The Edge decided to run the Rat Race on its own after a long partnership with Bursa Malaysia, TEEF disbursed half of the funds raised to 12 beneficiaries for projects or programmes related to education and skills development of disabled and disadvantaged children, youths and adults. The remaining portion was channelled to the Foundation for programmes in the area of English proficiency and financial literacy, in particular the EdgeWiz Campus Investment Challenge 2015 (ECIC ’15). ECIC ’15 was an online investment game that taught players how to make informed decisions about investing in equities. It was organised by TEEF in collaboration with the Securities Commission of Malaysia. In 2016, almost 70% of the funds raised went to 15 beneficiaries. Rat Race funds also help to support a small scholarship programme for needy students in universities in Malaysia.
ALL CONTRIBUTIONS TO THE EDGE EDUCATION FOUNDATION ARE TAX-EXEMPT (LHDN.01/35/42/51/179-6.6346)
Since its inception in 1957, Montfort has equipped some 7,000 school dropouts from low-income families with life skills for a better future. Montfort opened its doors to girls in 2002. Rat Race 2014 funds enabled Montfort to upgrade its Graphic Design & Multimedia syllabus by introducing the Multimedia Artist – Animator Level 2 course and expand job opportunities for its students.