Sands Family Foundation announces gift of $500,000 to the Bahamas
Elbow Cay, Abaco Island
To mark “Giving Tuesday,” the Sands Family Foundation announced it donated $500,000 to Hope Town United (HTU) and will also make a matching gift of up to $100,000 for all donations made during the holiday season to immediately help with debris removal and cleanup.
Hurricane Dorian decimated the small island of Elbow Cay in Abaco, Bahamas, destroying or significantly damaging over 70 percent of its homes and buildings while displacing hundreds of families.
“To kick off this Giving Tuesday, the Sands Family Foundation is challenging everyone to join us in helping to restore the Hope Town community that was devastated by Hurricane Dorian,” said Matt Winslow, Hope Town United Chairman and member of the Sands family. “Climate change means superstorms like Dorian will be more frequent and powerful, which is why we’re building a global model for disaster recovery and restoration with a focus on autonomy, resiliency and environmental sustainability.”
In the wake of Hurricane Dorian, HTU has become the economic engine leading the restoration of Elbow Cay. HTU’s focus is raising money to restore historic public buildings, small businesses, and resident homes, while also engaging global engineering experts to design innovative solutions for island utilities.
HTU’s strategic plan starts with rebuilding the primary school, restoring the island’s badly damaged medical clinic and leading the development of a modern, environmentally-sustainable utilities infrastructure with a focus on renewable energy generation.
In November, HTU secured major gifts to fund the primary school and medical clinic. Currently, HTU is working with global financial experts to develop innovative, blended finance structures and impact investment vehicles for the construction of the utilities infrastructure and the reconstruction of locally-owned businesses and residential homes.