GABM's $10-Million US Dollar donation to the Asian Tsunami Disaster Fund
The Global Association of Billionaires and Millionaires (GABM) has pledged $10-million US Dollar to the Asian Tsunami Disaster Fund.
President of GABM, Mr. Jorgé Vicente, said the Tsunami disaster created enormous destruction to both people and property infrastructure.
"This donation by our members clearly reflects GABM's policy of corporate responsibility towards social development and upliftment," Mr. Vicente said.
GABM - part of the Paulsmeier Inc. Group which is based in Cape Town, South Africa - consists of many international billionaires and millionaires. Its objective is to overall add value to the global economy collective through responsible corporate support and contribution.
How does GABM allocate funds to natural and humanitarian disasters?
GABM’s equity grants towards global natural and humanitarian disasters are funded from the funds generated by the annual GABM associate membership fees.
By making these donations GABM also believe it will serve as an encouragement to other like-minded and prominent organizations to become good corporate citizens, as well as to support our ‘Let’s Do More Initiative’.
Depending on the nature and the geographical region of a natural or humanitarian disaster, GABM will donate funds to organizations like the Red Cross, United Nations and others to support large scale relief efforts. GABM also in certain cases allocate bank debit cards to victims directly to enable them to acquire emergency food, fresh water, blankets and tent shelters.
How does GABM allocate funds to natural and humanitarian disasters?
GABM’s equity grants towards global natural and humanitarian disasters are funded from the funds generated by the annual GABM associate membership fees.
By making these donations GABM also believe it will serve as an encouragement to other like-minded and prominent organizations to become good corporate citizens, as well as to support our ‘Let’s Do More Initiative’.
Depending on the nature and the geographical region of a natural or humanitarian disaster, GABM will donate funds to organizations like the Red Cross, United Nations and others to support large scale relief efforts. GABM also in certain cases allocate bank debit cards to victims directly to enable them to acquire emergency food, fresh water, blankets and tent shelters.
