United Nations Foundation Announces $35 Million for United Nations Causes
New York, NY — November 7, 2001
The United Nations Foundation announced today a major round of investments totaling $35 million to United Nations projects around the world. From Afghanistan to Swaziland, the United Nations Foundation is supporting and mobilizing resources for United Nations efforts to improve children's health, address the reproductive health needs of women and girls, protect the environment, and promote peace, security and human rights.
The docket of grants was approved today by the UN Foundation Board of Directors meeting in New York. The $35 million in grants is spread over 18 different projects submitted by UN agencies and programs.
Of the $35 million in grants, $25 million comes from the Foundation itself. Another $10 million dollars was approved by the grant in 3rd party funding, which consists of grants from UNF partners in support of the UN projects.
An additional $11 million in parallel funding that will go to the projects was also announced today. While these funds do not go through the UN Foundation, they will be directed to the same UN projects and they would not have been available without the Foundation’s work.(So while the Foundation is contributing $25 million to UN work through this docket, there is an additional $21 million from non-UNF sources available for the same projects.)
Today's announcement brings the total grants approved by the UN Foundation and its sister organization - the Better World Fund - to $500 million, since 1998.
Created in 1998 with a $1 billion gift from entrepreneur and philanthropist Ted Turner, the United Nations Foundation builds and implements public-private partnerships in support of the United Nation’s (UN) efforts to address the most pressing humanitarian, socioeconomic, and environmental challenges facing our world today.