NYC Eastern Caribbean Relief Fund announces recipients of $125,000 fund

The NYC Eastern Caribbean Relief Fund Inc has announced the first round of recipients to receive shares of charitable donations totaling $125,000.

Formed in September of 2017 after Hurricanes Irma and Maria devastated parts of the Caribbean, the NYC Eastern Caribbean Relief Fund was created by Island Global Yachting Ltd and its parent company Island Capital Group LLC with a goal to raise $5 million to assist those affected by the recent hurricanes.

In the five months since its formation, the Fund has received contributions from several of IGY’s partners and investors, announcing five local charities in the Eastern Caribbean to receive donations totaling $125,000 earlier this week. 

Tom Mukamal, Vice-Chairman of the NYC Eastern Caribbean Relief Fund Inc and CEO of IGY Marinas said, “In the aftermath of Hurricanes Irma and Maria, the humanitarian needs throughout the Eastern Caribbean are profound.

“The NYC Eastern Caribbean Relief Fund Inc has recognised the substantial need throughout the Caribbean Islands and is dedicated to raising funds to continue the support as much as we can. While the islands have made huge strides toward recovery, there is still much work that remains to be done. 

“We are optimistic that in time, the spirit and resilience of the affected islands will prevail, and we hope that these funds will help them achieve that.” 

The recipients of the donations include the Virgin Islands Marine Rebuild Fund, the Community Foundation of the Virgin Islands, the Salvation Army Corps of St Thomas, the I Can Foundation and the New Start for Children Foundation.

Between them the recipient charities are working to help those affected by the hurricanes, with support for employment, foster care, housing and education, as well as other immediate and longer-term recovery efforts, including growth opportunities within the marine industry. 

Presentation of donations will take place over the next two weeks.

For more information, or to make a donation, visit https://nyceasterncaribbeanrelieffundinc.com.

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