TCI Foundation Gives US$787M To Child Hunger Effort

Jun 10 2013 | 9:29am ET

If anyone was skeptical of The Children's Investment Fund's claim that its namesake charity had all the money it needed, that charity moved this weekend to ease any fears.

The Children's Investment Fund Foundation committed US$787 million to deal with children's malnutrition at a global summit in London Saturday. The gift accounted for nearly one-fifth of the US$4.1 billion raised during the Nutrition for Growth event, hosted by British Prime Minister David Cameron.

"Our approach to segmenting deaths by disease—AIDS, malaria, diarrhea, pneumonia—means that we have missed perhaps the most critical factor in preventing death, mordibity and disability," TCI Foundation chief Jamie Cooper-Hohn, the wife of TCI founder Christopher Hohn, said. "Under-nutrition is the underlying cause of almost half of global child deaths and one-third of maternal mortality."

"Today marks the start of a sustained financial and political commitment to ending under-nutrition within a generation," she added.

The TCI Foundation gift is thought to be the largest-ever single gift by a private organization to end child hunger.

TCI in March said it would end its practice of donating a portion of its fees to the foundation, calling it "large enough." The TCI Foundation had more than £2 billion in assets as of August 2011.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR