Sun Capital Partners Foundation makes USD100,000 donation to charity: water
Sun Capital Partners Foundation has made a USD100,000 donation to charity: water, a non-profit organisation whose mission is to build sustainable, community-owned water projects around the world.
This marks the Foundation’s first major donation of 2020, the year Sun Capital Partners celebrates its 25th Anniversary.
“Recognising the serious challenges that water insecurity imposes upon communities around the world, the Sun Capital Partners Foundation is proud to build on our past support of charity: water, a recognised leader in bringing clean water and sanitation to developing communities,” said Marc J. Leder, Co-CEO of Sun Capital Partners and President of The Foundation. “The Foundation is focused on supporting innovative and impactful organizations that drive positive change, and we look forward to seeing the great things charity: water will accomplish with our support.”
According to the World Health Organization, every USD1 invested in clean water and sanitation efforts puts at least USD4 back into a local economy, in part because people end up healthier and have more time to contribute to their communities. charity: water has funded 51,400 water projects, such as drilled wells, rainwater catchments, and water purification systems, serving more than 11 million people across 28 countries to date.
“We are grateful to the Sun Capital Partners Foundation for their continued support and this generous donation, 100 per cent of which will fund clean water projects in Ethiopia,” says Scott Harrison, CEO and Founder of charity: water. “Access to clean and safe drinking water changes everything, and this gift will make a transformative impact on the lives of thousands of people in need.” Sun Capital Partners Foundation’s prior donations to charity: water have helped fund three projects in Northern Ethiopia, bringing clean water to approximately 775 people.
“Through our investment in Ethiopia-based Afriflora, the world's largest grower of roses, we have direct knowledge of the challenges that the country faces with reliable sources of clean water,” adds Leder. “This is an especially meaningful philanthropic partnership as we are excited to support great causes in the communities where we invest.”
Leder and Rodger R Krouse, founders of Sun Capital Partners, started Sun Capital Partners Foundation with the belief that success brings with it a responsibility to make a difference in local communities. By supporting innovative non-profit organisations, The Foundation aims to fulfil its mission of promoting sustainable and positive change.
The Sun Capital Partners Foundation has donated over USD13 million to more than 700 local, national and international organisations. Past recipients include the American Heart Association, American Red Cross, Autism Speaks Inc, Boca Helping Hands, Inc, Faith Hope Love & Charity, Inc, Foundation for AIDS research, and Gabrielle’s Angel Foundation for Cancer Research and Samuel Waxman Cancer Research Foundation.