GABM Donates $10-million US Dollar to the Syrian Humanitarian Crisis
September 20, 2012
The
Board of Executives of Global Association of Billionaires and Millionaires
(GABM) has approved a donation of $10-million US Dollar towards the relief
efforts of the Syrian humanitarian crisis.
The
violence that has struck Syria since March 2011 has so far forced more than
300 000 people to abandon their homes and seek safety in Turkey, Jordan
and Lebanon.
As
the conflict escalates an ever increasing amount of refugees are arriving daily
in these countries and almost 80 percent of them are woman and children who are
solely dependent on humanitarian aid.
In
support of the efforts from the UN, International Committee of the Red Cross,
Syrian Arab Red Crescent and others, the donation of GABM is specifically to
provide emergency health care as well as water, food, and other basic supplies
such as blankets, hygiene kits and kitchen sets.
Mr.
Mark Paulsmeier, president of GABM, has commented by saying: “GABM’s latest
donation to the people of Syria reflects our dedication and commitment as a
philanthropic organization to provide vital support to those in need anywhere
in the world.”
How does GABM allocate funds to natural and humanitarian disasters?
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.
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.
