The Environmental Foundation of Jamaica <ul><li>13 years old </li></ul><ul><li>Board of 9 </li></ul><ul><li>5 Standing Com...
EFJ’s  Grant Making <ul><li>Since 1993, 931 grants approved for a total of J$1,702,020,000B (USD $20M) </li></ul><ul><li>T...
Evaluating Our Grant Making Lessons Learned <ul><li>Call process brings strong degree of transparency, and process account...
The Road Ahead <ul><li>Capital Campaign – negotiating second generation funds and identifying new sources of funds </li></...
Investing for Sustainability <ul><li>EFJ has invested funds through fund managers in commercial banks and investment house...
Diversifying Investments <ul><li>The  EFJ as part of its sustainability plan identified and engaged in several partners to...
Diversifying Investments 2 <ul><li>Investment in Jamaican company with an international brand name product – company arose...
Diversifying Investments 3 <ul><li>The EFJ  has also allocated some of its funds to the seeding of an endowment – funds fr...
EFJ as Fund managers <ul><li>Currently the EFJ is developing its skills as fund managers for other projects. </li></ul><ul...
Co-Financing <ul><li>The EFJ  is embarking on several co-financing arrangements in order to leverage resources to its gran...
Important Lessons <ul><li>All arrangements must be formalized through written, legally vetted agreements with party </li><...
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Environmental Foundation of Jamaica

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Environmental Foundation of Jamaica

  1. 1. The Environmental Foundation of Jamaica <ul><li>13 years old </li></ul><ul><li>Board of 9 </li></ul><ul><li>5 Standing Committees : HR and Compliance, Finance and General Purposes, Grant Management, Membership and Executive </li></ul><ul><li>20 staff members – main departments : Finance, - Programme, HR and Admin, & Executive Office </li></ul><ul><li>42 member groups (environment and child sector organizations and educational institutions </li></ul>
  2. 2. EFJ’s Grant Making <ul><li>Since 1993, 931 grants approved for a total of J$1,702,020,000B (USD $20M) </li></ul><ul><li>Two Calls for Proposals (The Call) sent out each year on selected themes in the child development and survival (40% funds) and the environment (60%) </li></ul><ul><li>Discretionary grants, of up to J200,000 (approx USD3000) introduced 2005/2006 as a small responsive grants programme outside of the Call process </li></ul><ul><li>Project approval by Board based on recommendations of the Grant Management Committee </li></ul>
  3. 3. Evaluating Our Grant Making Lessons Learned <ul><li>Call process brings strong degree of transparency, and process accountability </li></ul><ul><li>Use of Due Diligence tool in process promotes fairness </li></ul><ul><li>Many successful projects yet impact more at the local level than nationally – linked with national priorities </li></ul><ul><li>Capacity building component of the EFJ’s work has been successfully applied and should be focused and possibly increased </li></ul><ul><li>Monitoring and evaluation mechanisms can be improved and linked to baseline indicators and targets </li></ul>
  4. 4. The Road Ahead <ul><li>Capital Campaign – negotiating second generation funds and identifying new sources of funds </li></ul><ul><li>Leveraging other grants on behalf of members and grantees through EFJ’s influence and through funding partnerships </li></ul><ul><li>Identifying other sources of funds that grantees and members may want to access </li></ul><ul><li>Re-looking components of the investment portfolio in order to improve investment earnings </li></ul><ul><li>Keeping administrative expenses controlled </li></ul>
  5. 5. Investing for Sustainability <ul><li>EFJ has invested funds through fund managers in commercial banks and investment houses over 13 years </li></ul><ul><li>Investment instruments have been largely safe, high interest rate government papers </li></ul><ul><li>As a result, fund has essentially more than doubled from original total expected to be about USD20M over 18-19 years </li></ul><ul><li>A staff member monitors the investments weekly even though all instruments are held by external bodies </li></ul>
  6. 6. Diversifying Investments <ul><li>The EFJ as part of its sustainability plan identified and engaged in several partners to increase its corpus </li></ul><ul><li>“ Go Green” facility with a commercial bank – small and medium sized enterprises access loans for enviro-retrofitting the bank handles the loan portfolio interest shared by bank and EFJ. </li></ul>
  7. 7. Diversifying Investments 2 <ul><li>Investment in Jamaican company with an international brand name product – company arose out of a community based agro-processing industry - Walkerswood Partners Limited - selling Jamaican sauces, spices, etc. </li></ul><ul><li>EFJ invested in and has preference shares in the company and the agreement is to collect dividends on an annual basis based on loan repayments at a very competitive rate </li></ul>
  8. 8. Diversifying Investments 3 <ul><li>The EFJ has also allocated some of its funds to the seeding of an endowment – funds from the “Go Green “ Facility and the Walkerswood Investments will be flowed into the Endowment fund </li></ul><ul><li>In addition the EFJ is negotiating a second debt for nature swap and meeting with international foundations to attract funds to the region with the EFJ as fund manager </li></ul>
  9. 9. EFJ as Fund managers <ul><li>Currently the EFJ is developing its skills as fund managers for other projects. </li></ul><ul><li>Two partnerships currently operate within this context : administrative and programme partnership with the Bernard van Leer Foundation (Child Development) and one with the TFCA and Nature Conservancy Forest Conservation Fund. </li></ul>
  10. 10. Co-Financing <ul><li>The EFJ is embarking on several co-financing arrangements in order to leverage resources to its grantees </li></ul><ul><li>Projects have been co-financed with the Jamaica Social Investment Fund </li></ul><ul><li>Agreements are being finalized with the GEF-Small Grants Programme and with the Commonwealth Foundation (England) </li></ul><ul><li>NGO Strengthening projects have taken place with IDB - Jamaica </li></ul>
  11. 11. Important Lessons <ul><li>All arrangements must be formalized through written, legally vetted agreements with party </li></ul><ul><li>Investments and arrangements should err on the conservative side to minimize risks </li></ul><ul><li>Reports must be made on schedule so that at all times the Foundation has knowledge of the status of the investment </li></ul><ul><li>Start early the process of investment </li></ul><ul><li>Have a diversified investment portfolio </li></ul>

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