The Children's Investment Fund Foundation
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| Motto | Using data and evidence for impact at scale. |
|---|---|
| Founded | 2002 |
| Founders |
|
| Type | Charity |
| Focus | Child & Mothers' Health & Nutrition, Education, Climate Change |
| Location | |
Area served | Global |
| Method | Grants |
Key people |
|
| Endowment | £ 2.2 billion |
| Slogan | Every child deserves to survive and thrive. |
| Website |
www |
The Children's Investment Fund Foundation (UK) (CIFF) is a large charitable organization headquartered in London with offices in Nairobi and New Delhi. It is a registered charity in England & Wales and in 2012–13 had an income of £100 million and spending of £98 million.[1] With assets of £2.2 billion, it is the 4th largest charity in the UK.[2]
It was founded in 2002 by Jamie Cooper-Hohn and her husband hedge fund manager Sir Chris Hohn.[3]
It initially received its funding as donations from The Children's Investment Fund Management which manages the London‐based hedge fund, The Children's Investment Fund founded by Chris Hohn in 2003.[4][5][6] Coinciding with the couple's divorce proceedings, changes set in motion in 2012 led to the splitting up of the fund and the foundation. The fund no longer donates money to the foundation on a contractual basis, though it may do so on a discretionary basis.[7]
Jamie Cooper-Hohn managed CIFF until 2013 when Michael Anderson was appointed Chief Executive Officer.[8]
Activities
CIFF focuses on improving the lives of children living in poverty in developing countries. Its main areas of activity are children and mothers' health and nutrition, children's education and welfare and smart ways to slowdown and stop climate change.[9] In health, the areas of focus are survival of newborns, prevention of mother to child transmission of HIV/AIDS and deworming. Within nutrition, these are the treatment of severe acute malnutrition and the reduction of stunting. In education, CIFF works on early learning (or pre-primary.) Cleaner (or reduced carbon emission) energy systems and lower carbon emitting and higher resource efficient urbanisation are the areas of priority of CIFF to address climate change.[9]
Some of the grants CIFF made in 2014 include:
- $50 million funding to prioritise national deworming programmes through the Uniting to Combat Neglected Tropical Diseases partnership.[10]
- $50 million to increase the number of children receiving life-saving antiretroviral therapy in partnership with the US President's Emergency Plan for AIDS Relief (PEPFAR).[11]
- $20 million pledged in response to the Ebola outbreak in West Africa.[12]
- Launched (along with UBS Optimus Foundation, Educate Girls and Instiglio) the first ever development impact bond.[13]
In 2013, CIFF committed to spend $787 million over 7 years to tackle malnutrition. This was part of a total pledge of $4.1 billion towards reducing malnutrition announced at the Nutrition for Growth summit in London, co-hosted by the United Kingdom, Brazil and CIFF.[14]
In 2012, CIFF was one of the signatories of the London Declaration on Neglected Tropical Diseases, a WHO inspired collaborative disease eradication programme of 10 neglected tropical diseases.[15]
The Clinton Foundation lists CIFF among 7 organisations from which it received more than US$25 million.[16]
References
- ↑ Charity Commission. The Children's Investment Fund Foundation UK, registered charity no. 1091043.
- ↑ "Top 10 Charities". Charity Commission. 14 February 2015. Retrieved 15 February 2015.
- ↑ "Leader of the swarm". The Economist. 12 July 2007. Retrieved 15 February 2015.
- ↑ "A Little Fund with Big Demands, Businessweek, May 23, 2005". Businessweek.com.
- ↑ "Feared fund turns to business of charity". Financial Times. 2 June 2007. Retrieved 15 February 2015.
- ↑ "The new new philanthropists". Management Today. 1 October 2007. Retrieved 15 February 2015.
- ↑ "TCI Hedge Fund in Britain Ends Ties to Charitable Arm". 18 June 2014.
- ↑ "CIFF Announces Expansion of Leadership Team". CIFF. 15 July 2013. Retrieved 15 February 2015.
- 1 2 "Priority Impact Areas". ciff.org. Retrieved 12 February 2015.
- ↑ "Uniting to Combat NTD's website".
- ↑ "PEFAR and CIFF Launch $200 million Accelerating Children's HIV/AIDS Treatment Initiative to Save Lives". PEPFAR. 16 August 2014. Retrieved 15 February 2015.
- ↑ Galatsidas, Achilleas. "Guardian Ebola Tracker". Retrieved February 2015. Check date values in:
|access-date=(help) - ↑ "First Development Impact Bond Is Launched". Center for Global Development. 17 June 2014. Retrieved 15 February 2015.
- ↑ "Hedge fund foundation pledges £500m-plus to fight malnutrition". The Telegraph. 8 June 2013. Retrieved 14 February 2015.
- ↑ "Table of Commitments" (PDF). World Health Organisation. 30 January 2012. Retrieved 15 February 2015.
- ↑ "Contributor Information". William J. Clinton Foundation. Retrieved 15 February 2015.