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'Hope for Haiti Now' Distributing $35 Million In First Installment of Funds
February 5, 2010"Hope for Haiti Now" (HFHN) today announced the distribution of $35M as the first installment of funds raised through the January 22nd telethon: "Hope for Haiti Now: A Global Benefit for Earthquake Relief." Six of the telethon beneficiaries (Oxfam America, Partners In Health, the American Red Cross, UNICEF, United Nations World Food Programme, and Yele Haiti Foundation) submitted proposals last week. After an intensive review process and guidance from the "Hope for Haiti Now" Advisory Committee and Bridgespan, a management consulting group that advises non-profits; the Entertainment Industry Foundation (EIF), the 501(c)(3) organization providing pro bono philanthropic support and HFHN are allocating $35 million to begin funding both immediate disaster relief and reconstruction and recovery efforts in Haiti. With slightly more than half of the $66 million pledged being distributed now, the next allocation of funds is planned for May after all donations have been received. Full release.