Amsterdam 31st March 2022: Q1 Activity report
The intention when we started 2022 was for the Foundation to continue with its donation focus on our long-term, anchor projects which are involved in the education, nurturing and protection of children and teenagers across Europe. However, the Russian invasion of Ukraine, starting February 24th, and the resulting humanitarian crisis meant that we had to question our donation priorities. As a result of the Russian invasion, we polled our colleagues at Kepler Cheuvreux as to whether we should donate to charities supporting the Ukrainian refugees or continue with our focus on the anchor projects. The poll’s result led us to conclude that 68.8% of our next round of disbursements should go towards charities supporting Ukrainian refugees and the balance towards anchor projects. In addition, Kepler Cheuvreux, the company, made an additional and exceptional one-off donation of € 150 000 to the Foundation for the support of Ukrainian refugees.
Therefore, on 24th March 2022 the Foundation donated € 346 000 to the Red Cross operating in Ukraine (40%), Poland (40%), Romania (10%), Moldova (10%). A study which had just been published by the International Organization for Migration, had stated that 6.5m people had been displaced within Ukraine since the beginning of Russia’s invasion. This is in addition to the 3.5m Ukrainians who had fled the country and were designated as refugees. Additionally, € 88 920 was donated to the same anchor projects beneficiaries as in December 2021 (11 charities across nine European countries).
After this 6th round of disbursements, the Kepler Cheuvreux Foundation has now distributed, since inception in June 2020, € 2.9m to healthcare charities, food banks, Ukrainian refugee charities and anchor projects around Europe.
Thank you for your interest and support! If you have any comments or questions, please send them to: [email protected]
Secretary, on behalf of the Kepler Cheuvreux Foundation