About Us
History
Born out of the initiative and altruistic spirit of members of the private sector and with the support and collaboration of government representatives, The Cayman Islands National Recovery Fund (CINRF) was launched on 23rd September 2004, in response to Hurricane Ivan, which devastated Grand Cayman on 11th September 2004.
Ivan represented the worst hurricane to hit the Caribbean in 10 years and its damage to the infrastructure and all productive sectors of the Cayman Islands' economy was on the scale of 183 per cent of GDP for the year prior to hurricane.
Against the background of the severity of the damage, the CINRF was also born out of a recognition that Ivan's devastating impact would put considerable strain on government resources and recovery would require private support.
The CINRF was set up as a private, independent Trust to assist the people of the Cayman Islands in recovering from hurricane Ivan. The Fund is administered by a Board of Trustees, led by His Excellency, the Governor, Mr. Bruce Dinwiddy, CMG.
The CINRF receives donations to support its recovery efforts. Cash contributions, building materials and pledges of specific sums over time are welcome.
Fund Accountability
All donations received by CINRF are administered in accordance with its goal to assist persons adversely affected by Hurricane Ivan. Critical to this process is the role of the Enforcer, who has responsibility for ensuring that funds are disbursed in strict accordance to the Trust deed. The Enforcer is Mr. Andrew Jones, QC, Partner in the law firm, Maples and Calder.
The Fund at Work
Since its inception, the CINRF has focused on providing housing assistance to residents whose properties were uninsured and those who can least afford the costs of repairs. Special focus has been placed on residences with young children, the elderly and the infirm.
In the Cayman community, the CINRF has launched several initiatives to raise funds, and the private sector and individuals have responded in many ways, including direct cash donations and fundraising on behalf of the CINRF.
With the appointment of an international fundraising team, CINRF aims to launch new initiatives to attract new donors to the Fund, from within and outside of the Cayman Islands.
Last Updated: 2005-07-11