Orphanage Relief Fund

As of 8/29/2010 Donated: $58,424.96;
Status: Open to donations…
Thanks for kind donations: Kirill & Keila Bogouslavski, Microsoft Giving Campaign, Craig Walker, Estate of Mona Desandro, Richard & Rebecca Soverns, Google, HP Inc., Dell Direct Giving Campaign, Carlo Scevola & Partners, Robin Williams, Jonathan Soverns, Mirador One, Yuliya Smyk, Motorola Foundation, GE Foundation, technoza.com, David Blackburn, Wells Fargo Community Support, Alans Online, Mission Fish, Anonymous, Steve Broos, Donna Finch, Marci Iverson, Valeria Johnson, Julie Humphrey, Galina Desiatnikov, Kristina from Mariupol, Network For Good, iGive.com, Capmark Finance Inc, Just Give, Natalia Ryndina, Techno-Tutors LLC, Elizabeth Randall, Rohit & Amanda Setty, Allstate Giving Campaign, Howard & Lou Ann Openo (In Honor of Luka Savas), Charles & Kristin Groh (In Honor of Luka Savas), Aimee Soverns, Lee Santilli, firstgiving,
This permanent fund has supported the following projects: Bathroom for Older Orphans, Bite Size Project, Christmas & New Years 2008, Diapers & Nursery Supplies, Dormitory and Appliances, Elena Krinina & Peter Ogram Wedding Registry, Furniture & Washing Machine, Physical Therapy, Repair Showers, Replace Doors, Shoes & School Supplies, Transportation,

About the Orphanage Relief Fund
In the beginning of the year 2006 iOrphan officers have donated over $10,000 to start the Orphanage Relief Fund. This is not a separate legal entity, but rather another instrument to help us better serve needy orphanages. Based on our principles we give 100% of every donation to specific orphanage projects. We do not hold donation money and send it to the orphanages as soon as the project (or one of project stages) is funded. We love this approach as it promotes transparency, efficiency and trust. However, as we start sponsoring $10,000+ projects, the need for a reserve fund becomes apparent. Raising money for a larger project may take several months. It may take another year to implement it.

Establishing the Orphanage Relief Fund has enabled us to send advances to the orphanages while the funds for their projects are still being raised. This promotes efficiency and improves project feedback and communication. Another important purpose of the Fund is funding and expanding on-going projects and orphanage emergencies. Essentially, this is a beginning of our own endowment. This fund will NOT be used for operating expenses. We will continue paying for all operating expenses out of our own pocket.

All individual and corporate donations (including unspecified and "where most needed") will continue to be assigned to specific orphanage projects. You are welcome to make a contribution to the Fund by using the DONATE buttons above. Every penny of your donation and its investment return is still directly serving the orphanages. Your contribution is fully tax deductible. This fund's investment strategy is managed by Ascend Advisory Group (not affiliated with us in any way).