Hedge Fund Donate $1.45 Million To Children

Filed in archive Hedgetalk on July 17, 2007

In a HedgeCo.Net story this morning; Hedge Funds Care announced today that they have selected the 2007 Hedge Funds Care grant recipients. After an intensive selection process, Hedge Funds Care has distributed $145,054 to support local projects designed to treat and prevent child abuse and neglect in the Cayman Islands.

The grantees are the Nadine Andreas Foster Home, the Cayman Islands Crisis Centre, St Ignatius for an abuse identification training program and the Department of Children and Family Services.

Committee co-chair Peter Cockhill said, "There is a careful screening process where the committee conducts site visits and requests that the potential grantees present the details of their proposals."

Once the proposals were received from the various agencies, the Hedge Funds Care team assist the agencies with making sure that their projects are on target with the Hedge Funds Care mission to treat and eradicate child abuse and neglect.

"This was a fascinating exercise for me and all of my colleagues on the committee," said co-chair Colleen Montain, "We were able to see first hand a side of Cayman's social network that some of us had not previously been exposed to. The issue of abuse, especially when it comes to children is horrifying, but seeing the treatment centres and the places of refuge that are all at capacity, really brought home the message that there is a need as great in Cayman as anywhere else in the world for caring people to be involved, and funds to make their efforts materialise."