News

The ‘Cayman Finance Cares’ programme, an initiative funded by Cayman Finance member firms, has raised in excess of CI$124,000 to support the operations of the Cayman Food Bank (Good Samaritan Food Bank).

The Cayman Food Bank is a core hunger-relief organisation working to alleviate hunger and malnutrition in the local community. It is a centralised food bank that provides food support for individuals, non-profit social service organisations, and food pantries serving families in need across all districts.

The vulnerabilities of some residents have been exacerbated by the ongoing global COVID-19 pandemic. As the association of the Cayman Islands Financial Services Industry, the key driver of the local economy, Cayman Finance through its ‘Cares’ programme, has embarked on focused charitable initiatives to assist the community during these challenging times.

“There has been extensive research in recent years that most not-for-profits end up struggling and failing due to a lack of funding of sound operational infrastructure,” said Cayman Finance CEO Jude Scott. “We felt it was important to support a solid foundational platform that allows the Cayman Food Bank to provide reliable enhanced services to those most in need during these critical times.”

One of the urgent needs identified by the Cayman Food Bank was a fit-for-purpose van for collections and deliveries. As such, some of the funds donated through the ‘Cayman Finance Cares’ programme will go toward the purchase of a new vehicle.

The Cayman Food Bank expressed gratitude as the recipient of such a sizeable donation.

“The current situation with COVID-19 is having significant impacts and effects on our community. We are very grateful to receive such a generous donation from Cayman Finance member firms to assist us as we work toward helping those who desperately need it, especially at the current time when unemployment and food needs are significantly increasing,” said Marie Eden of Cayman Food Bank.

Sponsoring Cayman Finance member firms include (Platinum): Butterfield, Dart, Deloitte, EY, KPMG, Maples, PwC, and Walkers; (Gold): Carey Olsen, Cayman Management, HF Fund Services, Mourant, Nassau Re, Ogier, Rawlinson & Hunter; and (Silver): BDO, Circumference. Additionally, Vampt Motors has demonstrated their support of the initiative by way of a Gold level donation toward the cost of a new delivery vehicle being purchased from them.

This is the second community initiative under the ‘Cayman Finance Cares’ programme. Last month, more than 450 meals were provided to frontline workers at the Health Services Authority over the Easter weekend.