Domini Global Giving and UN Foundation Establish Fund to Match Contributions to Children's Health and Environmental Preservation
New York — December 1, 2005
Prospective donors interested in making holiday contributions or claiming year-end tax deductions can now give to urgent global causes and have the funds matched up to 100%.
For the first time, the newly-launched Domini Global Giving Fund (www.dominiglobalgiving.org)
allows individual contributors to support UN humanitarian and development programs such as solar-energy entrepreneurs in Africa, clear minefields in Vietnam, protect sea turtles and mountain gorillas, eradicate polio, reduce measles deaths, and prevent the spread of AIDS.
The Domini Global Giving Fund was launched by the UN Foundation and the Domini Foundation, a nonprofit organization created by Domini Social Investments, a leading manager of mutual funds for socially responsible investors.
“This new, innovative fund will enable donors to maximize contributions for issues they care most about,” said Kathy Bushkin, Executive Vice President and COO of the United Nations Foundation. “The Domini Global Giving Fund will increase donors’ giving power, effectively stretching their donated dollars.”
“The Domini Global Giving Fund offers U.S. donors a simple way to make a difference to our global community,” said Amy Domini, founder and CEO of Domini Social Investments LLC, who pioneered the field of socially responsible investments. Ms Domini was honored this year as one of Time magazine’s 100 Most Influential People in the World.
Under the program, donors can direct monetary grants to one or more of the following programs:
• Clean Energy for Africa
• Clear Landmines
• The Global Fund to Fight AIDS, Tuberculosis and Malaria
• Measles Initiative
• Polio Eradication
• Protect Earth’s Wilderness
• Protect Marine Life in the Eastern Pacific
• Save the Coral Reefs
• Stop Child Marriage
• World Heritage Partnership: Congo Wildlife Protection
• Crisis Response Fund.*
Like a private foundation, a donor-advised fund allows donors to deduct contributions for the year in which they are made; avoid paying capital gains tax on contributions of appreciated securities; and trim the value of their estate therefore reducing potential liability to estate tax. In addition, a donor-advised fund offers tax deductions on contributions that exceed those of private foundations, and is generally easier to set up and administer.
Through the Domini Global Giving Fund, donors may give to UN-supported programs and organizations that have a proven record of achievement. Grants made through this innovative donor-advised fund help safeguard children’s health and protect the environment worldwide. Donors’ grants to specific programs may be matched up to 100%. Unlike other charitable organizations, the UN Foundation does not use any of the donors’ grant money for transaction or processing fees.
*The Crisis Response Fund does not receive matching funds.
The Domini Global Giving Fund is not affiliated with, and is not expressly endorsed by, the United Nations. The Domini Foundation and the UN Foundation are not affiliated.
About the Domini Foundation
The Domini Foundation, a nonprofit humanitarian organization, is the sponsor of the Domini Global Giving Fund. The aim of the Domini Foundation is to finance programs that improve children’s health and protect the environment. The address of the Foundation is 536 Broadway, 7th floor, New York, NY 10012.
About the United Nations Foundation
The United Nations Foundation promotes a more peaceful, prosperous, and just world by supporting the United Nations and its Charter. Through its grant making and public-private partnerships, the UN Foundation addresses the most pressing health, humanitarian, socioeconomic, and environmental challenges of the 21st century. In partnership with the Domini Foundation, the UN Foundation proposes programs to be supported by the Domini Global Giving Fund, and provides matching funds for grants allocated to these programs. To learn more visit, www.unfoundation.org.
Elizabeth Alexander, 202-887-9040
Amy DiElsi, 202-419-3230