Funds Management

Funds Management

Like all of the ten funds established under the programme of the Enterprise of the America’s initiative of the USA, the EFJ was set up as a sinking fund, that is, with the expectation that its activities would cease when its capital was completely disbursed. In the terms of the governing Agreement this should be in 2012, or before depending on the pace and volume of disbursements.  The concerns for child development and the environment however will continue to be pivotal to national development beyond the life of the current fund.

In reflecting on the implications of this, and the national responsibility of the EFJ, the Board of Directors recognises the need to raise additional funds to extend the work of the organization beyond 2012.

The strategy will be approached in various ways and will include exploring opportunities for further debt swaps, forging a variety of mutually-beneficial partnerships at local and international levels, including some with Jamaicans living overseas. As these partnerships develop other initiatives may involve the mounting of direct capital campaigns focused on specific themes or aspects of the work.

The EFJ has served as local funds manager to International Foundations providing not only funds management but project management and oversight responsibility to the Projects.

International Projects Managed by EFJ:

Bernard Van Leer Foundation
 

Co-Funding Initiatives
EFJ has established co-funding partnerships with other local donors which has facilitated leveraging of additional resources to project activities being implemented by applicant organisations to either donor.

Co-Funding Partners:

Global Environment Facility
Forest Conservation Fund