The Children's Investment Fund Foundation
Encyclopedia
The Children's Investment Fund Foundation UK (CIFF UK) is a large charitable organization
in the United Kingdom.
It was founded in 2002 by hedge fund manager Chris Hohn and his wife Jamie Cooper-Hohn.
It is a registered charity in England & Wales and in 2006–7 had a gross income of £324 million, making it one of the 30 largest charities in the UK.
It receives its funding as an annual donation representing 1/2 of 1% of assets from TCI FM (The Children's Investment Fund Management) which manages the London‐based hedge fund
The Children's Investment Fund founded by Chris Hohn in 2003. His wife manages the charitable organization.
.
On the 18 December 2008, the William J. Clinton Foundation released a list of all contributors for presumably the 2008 year. It included The Children's Investment Fund Foundation, which gave greater than US$25 million. It was not a contributor for 2009.
The fund is also a top institutional holder of Lockheed Martin
.
Charitable organization
A charitable organization is a type of non-profit organization . It differs from other types of NPOs in that it centers on philanthropic goals A charitable organization is a type of non-profit organization (NPO). It differs from other types of NPOs in that it centers on philanthropic goals A...
in the United Kingdom.
It was founded in 2002 by hedge fund manager Chris Hohn and his wife Jamie Cooper-Hohn.
It is a registered charity in England & Wales and in 2006–7 had a gross income of £324 million, making it one of the 30 largest charities in the UK.
It receives its funding as an annual donation representing 1/2 of 1% of assets from TCI FM (The Children's Investment Fund Management) which manages the London‐based hedge fund
Hedge fund
A hedge fund is a private pool of capital actively managed by an investment adviser. Hedge funds are only open for investment to a limited number of accredited or qualified investors who meet criteria set by regulators. These investors can be institutions, such as pension funds, university...
The Children's Investment Fund founded by Chris Hohn in 2003. His wife manages the charitable organization.
Activities
CIFF is focused on improving the lives of children living in poverty in developing countries. Its main areas of activity are HIV/AIDS, emergency humanitarian aid and microfinanceMicrofinance
Microfinance is the provision of financial services to low-income clients or solidarity lending groups including consumers and the self-employed, who traditionally lack access to banking and related services....
.
On the 18 December 2008, the William J. Clinton Foundation released a list of all contributors for presumably the 2008 year. It included The Children's Investment Fund Foundation, which gave greater than US$25 million. It was not a contributor for 2009.
The fund is also a top institutional holder of Lockheed Martin
Lockheed Martin
Lockheed Martin is an American global aerospace, defense, security, and advanced technology company with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in Bethesda, Maryland, in the Washington Metropolitan Area....
.
External links
- The Children's Investment Fund Foundation website
- Financial Times: "Feared fund turns to business of charity", by James Mackintosh, 2 July 2007
- Management Today: "The new new philanthropists", by Ian Wylie, 1 October 2007
- The Independent: "Financier in record £230m donation to charity", by Arifa Akbar, 3 July 2007