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Cayman Funds 2016

ON A MISSION TO HELP CHILDREN Hedge Funds Care Cayman raises money and spends it in the form of grants to child abuse prevention and treatment programmes located in the Cayman Islands. Cindy Hislop, a board member of Hedge Funds Care Cayman, reports on the international charity’s important work and the latest local news. Hedge Funds Care (HFC), also known as Help for Children, is an international charity, supported largely by the hedge fund industry and the alternative investment sector. The sole mission is to prevent and treat child abuse with the goals of raising as much money as possible to fund such programmes and focusing the resources of the hedge fund and fi nance industries on a major community need. Child abuse occurs across all socioeconomic, religious, racial, ethnic and class divides. It is a hidden problem and not a topic that people want to discuss, therefore it is often misunderstood. That is why the hedge fund industry has chosen to champion this cause. HFC has chapters in 12 major cities worldwide: in the US, Canada, the Cayman Islands, Ireland, the UK and Asia. These chapters raise money through various events and distribute the funds locally to community-based non-profi t organisations that address the treatment and prevention of child abuse in the following areas: • Education (primary prevention) • Prevention • Interventions • Research • Advocacy • Training Since inception of the charity in 1998 HFC has awarded more than 1,100 grants with a value of more than $44 million. 70 CAYMAN FUNDS | 2016 The Cayman Islands chapter of HFC, HFC Cayman, was founded in 2005 and is largely volunteer driven, with professionals from the hedge funds industry serving on the board and committees that plan events and evaluate grant proposals. All net proceeds raised at the annual events are distributed in the form of grants to child abuse prevention and treatment programmes located in the Cayman Islands. Over the past 11 years HFC Cayman has distributed over $2.5 million in grants, serving more than 500 children. HFC Cayman’s grantees provide services to children of all ages and span the entire spectrum from preventive and educational services for at-risk families to forensic interviews and therapy for children who have already experienced abuse. “In the fi rst years of HFC Cayman, we were fortunate to be informed about the gaps in child abuse prevention and treatment services, through meetings with local agencies, government, and community leaders,” says Geoff Ruddick, chairman of the board of directors of HFC Cayman. “We used this input as guidance when we reviewed grant applications. Increasingly, we’ve seen agencies, both governmental and private, learn to work more collaboratively now that the 2012 Children Law makes greater demands for rapid response. As a result, the child welfare system in Cayman is stronger and better coordinated than ever before.” “Although much progress has been made in Cayman, there is still much more to be done,” he says. HFC Cayman grants have helped to strengthen the Island’s child welfare


Cayman Funds 2016
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