African Well Fund is a non-profit organization

Non-profit organization

Nonprofit organization is neither a legal nor technical definition but generally refers to an organization that uses surplus revenues to achieve its goals, rather than distributing them as profit or dividends...

 dedicated to raising funds for the construction and maintenance of freshwater wells throughout impoverished sections of Africa

Africa

Africa is the world's second largest and second most populous continent, after Asia. At about 30.2 million km² including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area...

. It was founded in October 2002 by a group of U2

U2

U2 are an Irish rock band from Dublin. Formed in 1976, the group consists of Bono , The Edge , Adam Clayton , and Larry Mullen, Jr. . U2's early sound was rooted in post-punk but eventually grew to incorporate influences from many genres of popular music...

 fans who were inspired by frontman Bono's

Bono

Paul David Hewson , most commonly known by his stage name Bono , is an Irish singer, musician, and humanitarian best known for being the main vocalist of the Dublin-based rock band U2. Bono was born and raised in Dublin, Ireland, and attended Mount Temple Comprehensive School where he met his...

 May 2002 visit to poor sections of Africa

Africa

Africa is the world's second largest and second most populous continent, after Asia. At about 30.2 million km² including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area...

 along with former U.S. Secretary of the Treasury

United States Secretary of the Treasury

The Secretary of the Treasury of the United States is the head of the United States Department of the Treasury, which is concerned with financial and monetary matters, and, until 2003, also with some issues of national security and defense. This position in the Federal Government of the United...

 Paul O'Neill. The organization was inspired by Bono's

Bono

Paul David Hewson , most commonly known by his stage name Bono , is an Irish singer, musician, and humanitarian best known for being the main vocalist of the Dublin-based rock band U2. Bono was born and raised in Dublin, Ireland, and attended Mount Temple Comprehensive School where he met his...

 charitable work throughout Africa, but is not directly connected to the band.

The organization is partnered with Africare

Africare

Africare is a non-profit organization based in the United States which provides development aid for Africa. Africare was founded in 1970 by former Peace Corps members who had worked in eastern Niger, as well as a Nigerian diplomat. Africare now provides aid for approximately 25 countries in every...

, and is staffed entirely by volunteers to minimize overhead.