NEWS RELEASE: Transparency Policy Announced for Barbuda Recovery & Conservation Trust Fund
Transparency Policy Announced for Barbuda Recovery & Conservation Trust Fund
Waitt’s Barbuda-focused Charity Promises Complete Transparency and Government Coordination
Monday, 11 September 2017
San Diego/USA– In response to the devastation from Hurricane Irma, the San Diego-based Waitt Institute established the “Barbuda Recovery & Conservation Trust” to provide humanitarian assistance to the hurricane-ravaged island of Barbuda. The International Community Foundation administers this emergency relief fund pro-bono allowing 100% of donations to go directly to the people of Barbuda. The partners released the following joint statement to enhance public understanding about the Trust and provide the most effective emergency aid, promising complete transparency and government coordination.
Jacob James, the Waitt Foundation’s Managing Director, and a Board Member and diplomatic advisor to the Waitt Institute said:
“The International Community Foundation (ICF) is one of the most respected charitable fund-managers in the world. The Waitt Institute and Waitt Foundation selected ICF not only for their demonstrated competence and expertise in environmental disaster response, but for their trustworthiness and generosity. ICF has agreed to manage the Barbuda Recovery & Conservation Trust with 0% overhead. This means no administrative costs, allowing 100% of donations to go directly to Barbuda. Their generosity to the people of Barbuda in this time of crisis is extraordinary”.
James added: “Transparency is extremely important to the Trust. Through the Blue Halo Initiative, the Waitt Institute has a long-standing partnership with the Government of Antigua & Barbuda, and we will closely coordinate with our local partners to provide the most effective and transparent aid possible. We commit to weekly public reports on expenditures and can assure that all aid is going directly to the people of Barbuda.“ The full qualification and expenditure policy of the Barbuda Recovery and Conservation Trust Fund (BRCTF) at ICF are available on the Waitt Institute’s website as well as the Trust’s Facebook page.
Anne McEnany, President & CEO of the International Community Foundation, said:
“When the Waitt Institute approached ICF to help the people of Barbuda in their time of dire need, we couldn’t have been happier given ICF’s shared goals and values with the Blue Halo Initiative on Barbuda. While our 0% overhead management of this special fund is unique due to this severe humanitarian crisis, the Waitt Institute & Waitt Foundation are valued and trusted partners in the philanthropic community, with a strong expertise in forging public-private partnerships in the developing world. It is not required by US law, but highly admirable, that the Barbuda Recovery & Conservation Trust has chosen to be so completely transparent in their spending on behalf of the people of Barbuda.”
Contributions can to the Barbuda Recovery & Conservation Trust can be made at www.waittinstitute.org/barbuda-hurricane-relief. 100% of monies donated will go directly to Barbuda and its people.
For the full policy, please visit: www.waittinstitute.org/barbuda-trust-fund-policy-statement.
How to donate to the Barbuda Recovery & Conservation Trust:
Additional information and resources:
Twitter: @waittinstitute | @ICFDN
International Community Foundation:
The International Community Foundation (ICF) is a nonprofit organization that seeks to increase health, education, and environmental grantmaking to local organizations in Latin America and the Caribbean, with the goal of strengthening civil society and promoting sustainable communities. Over 25 years, ICF has distributed over $69 million to critical projects that respond to challenges in the regions that our donors care about. ICF provides technical, programmatic, and local expertise to help guarantee program success. We and our donors seek to create lasting improvements in the communities where we work by identifying strategic partners, spearheading alliances, and proposing new initiatives.
The Waitt Institute endeavors to ensure ecologically, economically, and culturally sustainable use of ocean resources. The Institute partners with governments committed to developing and implementing comprehensive, science-based, community-driven solutions for sustainable ocean management. Our goal is to benefit coastal communities while restoring fish populations and habitats. Our approach is to engage stakeholders, provide the tools needed to design locally appropriate policies, facilitate the policymaking process, and build capacity for effective implementation and long-term success.
About Blue Halo Barbuda:
Blue Halo Barbuda is a collaboration between the Barbuda Council, the office of the Prime Minister of Antigua and Barbuda, Barbuda Fisheries, Codrington Lagoon National Park officials, and the Waitt Institute.
In February 2013, Blue Halo Barbuda launched as a comprehensive ocean and coastal management project. Over a five-years period, the Blue Halo partners are working to develop and implement sustainable ocean policies focused on marine spatial planning, sanctuary zones, and fisheries regulations. The goal of Blue Halo Barbuda is to foster the sustainable, profitable, and enjoyable use of ocean resources for present and future generations.
About The Waitt Foundation
The Waitt Foundation, established by Gateway, Inc. co-founder Ted Waitt in 1993, specializes in public-private partnership and supports a variety of national and international programs concentrating on ocean health. Partnering with unique coalitions of government, foundations & philanthropists, NGOs, academics, and business, the Waitt Foundation supports high impact projects with the ultimate aim to “restore our oceans to full productivity.” Learn more at www.waittfoundation.org and @WaittFdn.