Founders commit further $16 million to Freedom Fund

 

Alliance magazine

0

The Freedom Fund announced the Fund’s three founders – Minderoo Foundation’s Walk Free initiative, Legatum Foundation and Humanity United – have recommitted a total of $16.2 million to the Freedom Fund’s anti-slavery work.

Walk Free, Legatum Foundation and Humanity United have made renewed commitments of $6m, $5m and $5.2m, respectively, to carry out the Fund’s mission. To date, the Fund has raised more than $90 million to help end modern slavery.

‘In a very short time, the Freedom Fund has become a critical authority on how we can end the scourge of modern slavery”, said Alan McCormick, Chair of the Freedom Fund’s Board and Managing Director of Legatum Foundation. “By identifying interventions that work, bring systemic change, and can scale, the Freedom Fund continues to demonstrate a disciplined approach to philanthropy.’

The Freedom Fund was established in January 2014 with an initial $30 million investment from the Minderoo Foundation, Legatum Foundation and Humanity United. The new funding will aim to boost Freedom Fund’s ambitious new strategy to impact 10 million people vulnerable to slavery by 2025.

‘The Freedom Fund has effectively mobilised resources and targeted its anti-slavery efforts in ways that have had a measurable impact on modern slavery,” said Andrew Hagger, CEO of Minderoo Foundation. “We invite those who share our vision of a world free of slavery to unite and become part of an effort focussed on outcomes.’

‘The Freedom Fund is playing a critical and leading role in the global fight against human trafficking,” said Philippe Sion, Managing Director of Humanity United and member of the Freedom Fund’s Board. “We are pleased to support their efforts to create scalable, lasting change for millions of people.’

For more visit: https://freedomfund.org/


Comments (0)

Leave a Reply

Your email address will not be published.