Foundation surveys potential recipients
(CNS): The charitable foundation that was kick-started with a $1 million seed donation from billionaire Ken Dart to help with the fallout from the COVID-19 pandemic is working out how it will allocate the money, as pledges to add to the fund begin to come in from the private sector. The R3 Cayman Foundation said it is shaping its grant application process and asking those who might apply for the cash to complete a survey detailing the help they need.
The money will be going to organisations and charities that provide support for the Cayman community in disaster preparedness, relief or recovery in the Cayman Islands. The survey will enable R3 to develop an understanding of the needs and where the resources can add optimum value to existing providers, not just in response to COVID-19 but also in preparing for future disasters.
“Since launching last month, our goal has been to define how the funds that are available to us should be allocated to best add value and have the most positive impact on our community,” said Bryan Hunter, Chairman of R3’s board of directors.
“We have established three committees focused on each phase of the disaster cycle – Readiness, Relief and Recovery – to agree the areas of focus, collaborate with others already working in the field and set up a robust application process that avoids duplication and maximizes efficiency and impact.”
To do that the board must understand what type of assistance is needed most, what support services are currently being providing by others and where the gaps are, Hunter added.
The survey questions indicate that the R3 will be looking to help through existing organisations like food banks, those supporting the unemployed, the elderly or sick, helping children learn to read or other community support efforts.
The fund will be used to help alleviate the devastating economic impact of the current pandemic on many people in the community right now. But Hunter said R3 is also looking further ahead to increase the country’s preparedness for the next potential disaster and a longer-term sustainable future.
“We encourage any individuals or groups who would be open to collaborating with R3 in the areas of disaster readiness, relief or recovery, to complete the survey,” he said. “Our decision-making will be guided by the information we receive.”
So far, in addition to the starter money, other private sector entities have committed around $2 million, but that money will need to double if the fund is to get more cash from Dart, who has pledged to match other private sector donations up to an additional $4 million.
The current deadline to complete the survey is Monday, 8 June.
To complete the survey, click here
Visit the R3 Cayman Foundation website
To make a donation, or to find out more about R3 Cayman, email info@R3foundation.ky.
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Category: Community, Local News
$1 million to a billionaire is the same as $100 to someone with $100,000 in the bank. Even less substantial when Dart likely has more.
Never let a good deed go unpunished eh? I despair at the ingratitude of some folk.
Lol – Mr. Dart thanks you for such Caymankind die respect.
Hopefully soon.
Pride (and nationalistic-based hate) cometh before the fall.
The three kite surfing school kids raised more money than most of our business tycoons.
No one knows how much Dart owns. Why do you want to own Cayman, Mr. Dart? Do you want to own the Earth, Mr. Dart?
Your mind is tiny. Have you not heard of the Universe?
That the fund is still stuck at $2mln, tells you all you need to know about the Caymanian elite that prosper without any regard for social responsibility. Tens of millions in Cayman Islands derived profits, while their idea of giving back is a couple hundred bucks worth of Little league uniforms (plastered with their Corp logo), once every couple years. Many of us contribute more to the Cayman Islands as a low-middle class private citizens than our most predatory businesses/tycoons.
Many are too busy laying off employees so that they can keep their inflated, seven-figure salaries to even notice the R3 Cayman Foundation. And they want their exemption NOW!
Where do you think Dart’s donation came from? Eliminate $6mln in payroll, and set up a $1mln public relations pledge you know will never be matched by local tight-wads. It’s easy.
You are either misinformed or a hater. Or both.
Mr. Dart. With all due respect, if I could not even afford a loaf of bread, I would never stoop so low as to take your blood money.
You bought the politicians, but some of the people are not for sale.