Frequently Asked Questions
Here at the Clinton Bush Haiti Fund, we are thankful for your generous support, and we are proud to play a part in helping Haiti refocus from a path that is aid-dependent to one that is more hopeful and private sector-driven. Now, we turn our attention to Haiti’s future, bearing witness as Haitians write their own bright story for many years to come.
Why was the Clinton Bush Haiti Fund created?
Immediately after the January 12, 2010, earthquake, President Barack Obama asked former Presidents Bill Clinton and George W. Bush to join forces for a major fundraising effort to assist the Haitian people. Together they established the Clinton Bush Haiti Fund, a 501(c)(3) designed to help the people of Haiti build back better.
What is the purpose of the Clinton Bush Haiti Fund?
The Fund’s purpose is to help Haitians create a better future through job promotion and smart, sustainable economic development. It strives to help Haiti transition from an aid-driven past to a private sector-driven future because sustainable reconstruction fundamentally depends not on aid from without, but private sector growth from within – the gift that keeps on giving.
How did the Clinton Bush Haiti Fund invest its money?
The Fund raised $54.4 million from individuals, businesses, and organizations. With these generous donor dollars, the Fund made grants, loans, and equity investments to organizations promoting economic opportunity in four key focus areas:
- Encouraging access to credit by supporting micro finance institutions.
- Helping small and growing businesses thrive by providing them with access to financing and business services.
- Building human capital by facilitating training and workforce development.
- Responding to critical, unmet needs.
Learn more about the work of each of the Fund’s programs here.
In which sectors did the Clinton Bush Haiti Fund work?
The Fund recognized that for recovery to be sustainable, Haiti needs smart investments that put people back to work and create an environment for sustainable economic growth. Thus, the Fund sought to work in a range of sectors critical to the country’s long-term progress. These included:
- Access to finance
- Alternative energy
- Artisan craft and garment
- Retail services
- Disaster relief
How has the Clinton Bush Haiti Fund helped Haiti?
The Fund worked to support the Haitian people’s efforts to rebuild their own country. As such, any success realized by the Clinton Bush Haiti Fund is not ours, but theirs.
The Fund’s investments were seeds of economic progress that will continue to grow. These projects are long-term, and they will bear fruit over time, though they have already begun to demonstrate positive results.
- Directly created or sustained 7,350 jobs and counting.
- Directly trained 20,050 people and counting.
- Already affected more than 311,000 people.
What are some of the Clinton Bush Haiti Fund's success stories?
Some of the Fund’s greatest successes stemmed from the strategic ways it chose to use its donor dollars, including:
- Using loans and equity investments to provide loans to small businesses that cannot gain access to finance through normal channels. The use of loans and equity avoided the “moral hazard” created by easy money in the form of grants to for-profit companies. It also returned capital to the Fund to be recycled into new projects in Haiti when the loans are repaid. A key example is the Fund’s $2 million equity investment in the Royal Oasis Hotel.
- Partnering with other organizations and leveraging funding from other donors to make possible large-scale projects. A $250,000 grant to launch the Haitian Emergency Liquidity Program unlocked investments from other donors to increase its capital to over $2 million.
- Investing in strategic areas, including insurance with the Alternative Insurance Company; housing, through Development Innovations Group’s mortgage program and reconstruction projects; entrepreneurship, through TechnoServe’s Haitian Business Accelerator and other development programs; tourism, through investments in hotels, hospitality training, and artisan crafts; and healthcare, through capacity-building programs for healthcare professionals.
What will happen to projects that the Clinton Bush Haiti Fund supported? Are partner programs shutting down?
Programs the Clinton Bush Haiti Fund has supported are not shutting down because of this transition. These programs will continue business as usual, working toward the goals established with the Fund.
Has the Clinton Bush Haiti Fund spent the money it raised?
In December, the Fund will commit its remaining funds. By December 31, 2012, the Fund will have spent down all its funds, investing in organizations promoting job creation and smart, sustainable economic development.
Is the Clinton Bush Haiti Fund still accepting donations or grant proposals?
No, beginning December 7, 2012, the Fund is no longer accepting donations or proposals to fund new projects.
I donated to the Clinton Bush Haiti Fund earlier this year. Will my money still be used in Haiti?
Your generous donation has been invested in one of the more than fifty organizations to which the Fund has granted its money. These organizations have worked—and for many, continue to work—toward promoting economic development in Haiti.
How can I help Haiti's continuing recovery?
Continue to learn about Haiti, its progress, and the work still to be done. It is important that Haiti’s future continues to be part of the public conversation.