News
As We Remember The Second Anniversary
Dear Zanmi—Friends,
The Clinton Bush Haiti Fund is dedicated to empowering Haiti to chart its own successful future in the aftermath of the earthquake that devastated the country in January 2010. We do this by making catalytic grants and investments for long-term reconstruction and economic expansion. We focus on promoting job growth and economic opportunity primarily by:
· Supporting micro finance institutions, many of whose beneficiaries are women.
· Providing small and medium-sized enterprises with access to financing and business services.
· Facilitating training and workforce development for young people, women, and professionals, such as nurses, doctors, and engineers – the human capital that Haiti needs to “build back better.”
· Finally, the Fund continues to respond to critical, unmet needs.
Importantly, we are working to support the Haitian people’s efforts to rebuild their own country. Thus, any success realized by the Clinton Bush Haiti Fund is not ours, but theirs.
To this end, the Clinton Bush Haiti Fund has already committed more than two-thirds of the money it has raised ($36.1M of the $54.1M donated) to programs, and we continue to work with potential grantees to determine where the remaining third of donor dollars will be most effectively distributed. We have disbursed more than half (54%, or $19.5M) of the money we have committed. Less than 10% of the Clinton Bush Haiti Fund's resources are used to cover overhead expenses.
We disburse money to grantees and investees based upon mutual agreement. In many cases, rather than disburse all the funds at once, we make multi-year grants and investments, and disbursements are made over time in tranches. These tranche payments are keyed to performance, so that we can ensure that our funds are used most effectively to achieve the intended outcome. Formal grant and investment agreements, including specific requirements for monitoring, reporting and auditing, must be agreed upon and signed before money starts to be disbursed. This is essential to ensure that donor dollars are being well spent and are fully accounted for.
Although many of our projects are long-term and will only begin to bear fruit over time, we have already begun to see positive results. These programs have sustained or created close to 11,000 jobs to date, and are expected to support over 21,000 jobs total, in addition to the families that depend on these jobs. For more details on how our funds have been distributed, please visit our page on stewardship. https://clintonbushhaitifund.org/pages/a-note-on-stewardship
Our website is filled with pictures, videos, and stories. I invite you to explore our programs and see the many successes that are being realized by Haitians every day.
Piti, piti, wazo fe nich li—little by little, the bird builds its nest.
Gratefully,
Gary Edson
Chief Executive Officer
Clinton Bush Haiti Fund
