Clinton Bush Haiti Fund

Last updated
Clinton Bush Haiti Fund
FoundedJanuary 16, 2010
Founder Bill Clinton
George W. Bush
Location
Area served
Haiti
MethodDonations and grants
Website www.clintonbushhaitifund.org

The Clinton Bush Haiti Fund was a 501(c)(3) nonprofit organization founded on January 16, 2010, by former US Presidents Bill Clinton and George W. Bush, to aid the victims of the 2010 Haiti earthquake. The organization was formed in response to the request of President Barack Obama for the former Presidents to assist in the Haitian rescue effort. [1] The fund concluded formal operations on December 31, 2012. [2]

Contents

The Clinton Bush Haiti Fund's efforts focused primarily on longer-term reconstruction, especially supporting job creation, workforce development, and the promotion of economic opportunity. [3] The fund's stated purpose was to support the restart, expansion and creation of micro, small and medium-sized enterprises, to which women are often key contributors; empower people and enterprises by helping them access the formal business sector; promote job creation (particularly jobs with direct social benefit, such as in health and education); and to provide life skills and job training, especially to youth, so that Haitians can embrace economic opportunity. [4]

Board of directors

On March 5, 2010, a six-member board with two co-chairs, and a CEO, were announced:

Gary Edson, who served as Deputy National Security Adviser in President Bush's administration, served as the Chief Executive Officer of the CBHF. [5]

Donations and grants

US President Barack Obama discussing the earthquake with former Presidents George W. Bush and Bill Clinton Obama, Bush, and Clinton discuss the 2010 Haiti earthquake.jpg
US President Barack Obama discussing the earthquake with former Presidents George W. Bush and Bill Clinton

The Clinton Bush Haiti fund raised $54.4 million from more than 2,000,000 individuals, businesses, and organizations. It dispersed funds to more than 50 organizations through grants, loans, and equity investments. As of December 2012, the Fund estimated that its programs sustained or created 7,350 jobs, trained 20,050 individuals, and had an additional positive impact on the conditions of more than 311,000 Haitians. [2]

Key focus areas for funding included providing small and growing businesses with access to financing, business services, and entrepreneurship training (36%); facilitating job training and workforce development (31%); responding to critical, unmet needs (23%); and supporting the recovery and expansion of microfinance institutions, many of whose beneficiaries are women (10%). [6] [ failed verification ]

After the Fund ceased formal operations on December 31, 2012, the Multilateral Investment Fund, a member of the Inter-American Development Bank Group, took over management of programs which had not yet been fully completed and began receiving funds from remaining loans. They are charged with reinvesting loan repayments into programs consistent with the Clinton Bush Haiti Fund's mission of promoting economic opportunity in Haiti. [2]

Related Research Articles

Joshua Bolten American lawyer and politician

Joshua Brewster Bolten is an American lawyer and politician. Bolten served as the White House Chief of Staff to U.S. President George W. Bush, replacing Andrew Card on April 14, 2006. Since 2017, he has been president and CEO of the Business Roundtable.

Jane L. Campbell American politician

Jane Louise Campbell is an American politician who served as the 56th and first female mayor of Cleveland, Ohio from January 1, 2002 to January 1, 2006.

The Workforce Investment Act of 1998 was a United States federal law that was repealed and replaced by the 2014 Workforce Innovation and Opportunity Act.

Carlos Gutierrez

Carlos Miguel Gutierrez is an American former CEO and former United States Secretary of Commerce. He is currently a Co-Founder and Executive Chairman of EmPath, a Skills Intelligence Software as a Service machine learning company that uses proprietary software to enable large and complex organizations to discover and grow employee's skills by identifying their proficiencies and deficiencies and enabling their efficient redeployment, up-skilling, re-skilling, and training.

Appalachian Regional Commission Government agency in the United States

The Appalachian Regional Commission (ARC) is a United States federal–state partnership that works with the people of Appalachia to create opportunities for self-sustaining economic development and improved quality of life. Congress established ARC to bring the region into socioeconomic parity with the rest of the nation.

Haiti—an island country 600 miles off the coast of the U.S. state of Florida—shares the Caribbean island of Hispaniola with the Dominican Republic. Haiti has received billions in foreign assistance, yet persists as one of the poorest countries. There have been more than 15 natural disasters since 2001 including tropical storms, flooding, earthquakes and hurricanes. The international donor community classifies Haiti as a fragile state. Haiti is also considered a post-conflict state—one emerging from a recent coup d'état and civil war.

Clinton Foundation Non-profit organisation in the USA

The Clinton Foundation is a nonprofit organization under section 501(c)(3) of the U.S. tax code. It was established by former President of the United States Bill Clinton with the stated mission to "strengthen the capacity of people in the United States and throughout the world to meet the challenges of global interdependence." Its offices are located in New York City and Little Rock, Arkansas.

The Business Roundtable (BRT) is a nonprofit association based in Washington, D.C. whose members are chief executive officers of major United States companies. Unlike the U.S. Chamber of Commerce, whose members are entire businesses, BRT members are exclusively CEOs. BRT promotes public policy favorable to business interests such as lowering corporate taxes in the United States and internationally, as well as international trade policy, like NAFTA, while also promoting broader public policy initiatives such as No Child Left Behind and opposing others such as the Trump administration's family separation policy. In 2019, BRT redefined its definition of the purpose of a corporation, putting the interests of employees, customers, suppliers and communities on par with shareholders. BRT members include Jeff Bezos of Amazon, Tim Cook of Apple, and Mary Barra of General Motors.

David A. Sampson

David Allan Sampson is the president and CEO of the Property Casualty Insurers Association of America (PCI), headquartered in Chicago, Illinois. He was born in Washington, Indiana. He joined PCI in September 2007.

The President's Council on Jobs and Competitiveness, originally the President's Economic Recovery Advisory Board (PERAB), was an ad hoc panel of non-governmental experts from business, labor, academia and elsewhere that President of the United States Barack Obama created on February 6, 2009. The board reported to Obama and his economic team on possible ways to improve the nation's economy. Obama announced this new board on November 26, 2008, and also announced that it would be chaired by former Federal Reserve Chairman Paul Volcker with campaign economic adviser Austan Goolsbee as staff director and chief economist.

The Upper Manhattan Empowerment Zone Development Corp., also referred to as UMEZ, is a non-profit organization that seeks to revitalize economically deprived communities by using public funds and tax incentives as catalysts for private investment. UMEZ’s mission is to sustain the economic revitalization of all communities of Upper Manhattan through job creation, corporate alliances, strategic investments and small business assistance.

Karen Mills US businesswoman and administrator

Karen Gordon Mills is an American businessperson and former government official who served as the 23rd Administrator of the U.S. Small Business Administration (SBA). She was nominated by President-elect Barack Obama on December 19, 2008, confirmed unanimously by the Senate on April 2, 2009, and sworn in on April 6, 2009. During her tenure, her office was elevated to the rank of Cabinet-level officer, expanding her power on policy decisions and granting her inclusion in the President's cabinet meetings. On February 11, 2013, she announced her resignation as Administrator and left the post on September 1, 2013.

The Office of Social Innovation and Civic Participation was an office new to the Obama Administration, created within the White House, to catalyze new and innovative ways of encouraging government to do business differently. Its first director was the economist Sonal Shah. The final director was David Wilkinson.

The Maryland Department of Commerce is a government agency in the state of Maryland in the United States. Although its roots began in 1884, the department came to be recognized as the Department of Commerce in 2015.

Reginald Boulos is a former President of the National Chamber of Commerce and Industry of Haiti. He pursued a career as a medical doctor, an entrepreneur and businessman, and philanthropist.

Robert J. McCann Irish-American businessman

Robert J. McCann is an American businessperson with Irish dual citizenship. McCann is now chairman of UBS Americas, where his duties involve strategic initiatives around clients and business priorities. He was formerly President Wealth Management Americas and President Americas of UBS Group AG. He had led the Wealth Management Americas division since 2011 and had served as a member of the UBS Group AG executive board since 2009. He relinquished both roles when he stepped down in 2015, with Tom Naratil assuming his previous roles.

John Thomas Hailer is an American financial services executive, who retired in April 2017 as president and chief executive officer of Natixis Global Asset Management – The Americas & Asia, a subsidiary of French bank Natixis.

Local Initiatives Support Corporation

The Local Initiatives Support Corporation (LISC) is a US non-profit community development financial institution (CDFI) that supports community development initiatives in 35 cities and across 2,100 rural counties in 44 states. LISC was created in 1979 by executives from the Ford Foundation. LISC's affiliates include the National Equity Fund (NEF), the largest national syndicator of Low Income Housing Tax Credits (LIHTC), the New Markets Support Company, a national syndicator of New Markets Tax Credits, and immito, which specializes in SBA 7a lending.

The U.S. Russia Foundation (USRF) is an American non-profit organization founded in 2008 that aims to strengthen relations between the United States and Russia and to promote the development of the private sector in the Russian Federation. While initially established with its headquarters in Moscow, the organization attracted negative attention from the Russian government and relocated to Washington, D.C. in 2015.

References

  1. Cooper, Helene (January 16, 2010). "A Presidential Triple Plea for Haiti Fund". The New York Times (Jan. 17, 2010, p. A15, NY ed.). Retrieved March 30, 2010.
  2. 1 2 3 Pearce, Meg Galloway (December 20, 2012). "The Clinton Bush Haiti Fund Commits Its Remaining Funds". Clinton Bush Haiti Fund. Archived from the original on February 12, 2013. Retrieved February 5, 2013.
  3. "About the Clinton Bush Haiti Fund". Clinton Bush Haiti Fund. Archived from the original on June 27, 2010. Retrieved July 14, 2010.
  4. Johndroe, Gordon (July 7, 2010). "Over $1 Million in New Grants from Clinton Bush Haiti Fund to Rebuild Lives and Livelihoods". Clinton Bush Haiti Fund. Archived from the original on August 18, 2010. Retrieved July 14, 2010.
  5. "Press Release: Clinton Bush Haiti Fund Appoints Board of Directors and CEO". Clinton Foundation. March 10, 2010. Archived from the original on August 2, 2012. Retrieved March 30, 2010.
  6. "Clinton Bush Haiti Fund Final Report (PDF)". Archived from the original on 2010-01-17. Retrieved 2010-01-16.