CAYMAN ISLANDS NATIONAL RECOVERY FUND
Press Release
1 October 2004
On 23 September 2004 the Cayman Islands National Recovery Fund was formally established. It has received significant contributions already including the sum of One Million dollars from the Bank of Butterfield International (Cayman) Ltd. This trust is chaired by His Excellency the Governor and has a board of trustees also comprising The Leader of Government Business, The Leader of the Opposition, The Honourable Speaker, The Financial Secretary, Mr Huw Moses, Mr Connor O'Dea, Pastor Winston Rose, and Mr Dan Scott. Mr Andrew Jones Q.C. has been appointed the "Enforcer" of the trust.
This fund is and will be, the only official fund accepting and distributing monies to private individuals in the Cayman Islands as part of the relief effort. The beneficiaries of the fund include any persons injured, bereaved, rendered homeless, destitute or otherwise adversely affected by the Hurricane in the Cayman Islands on or after 11 September 2004. The trust has already commenced making grants to assist in the restoration of roofs of the homes of low income persons. Application forms for a grant for this purpose can be obtained from locations such as police stations, gas stations, shelters and churches throughout Grand Cayman.
The fund will be audited and considerable checks are in place to ensure proper placement and use of donations. The trustees are concerned that there may be a temptation to some to take advantage of the situation for personal profit and accordingly, any official or authorised fund raising for the Cayman Islands National Recovery Fund will bear the crest of the Cayman Islands.
Any fundraising on behalf of the fund is most welcomed and ideas should be discussed with one of the trustees. Contributions, which should be tax deductible for United States Tax purposes, should be sent to any one of the clearing banks operating in the Cayman Islands. Separate accounts have been established in CI, US, and Canadian dollars, together with Pounds Sterling.
The table below sets out the relevant accounts established to date and which are ready to receive donations.
Bank US$ Account CI$ Account Canadian$ Account Pounds Sterling Account
Bank of Butterfield 01101-036345 02101-036345 03210-036345 04210-036345
Cayman National Bank 021-77-999 011-88-999 031-00097 041-00066
Fidelity Bank 01521-114052-00 05521-114052-00 04521-114052-00 03521-114052-00
First Caribbean International Bank
1003-2530 1003-2522 1003-2994 1003-3009
Royal Bank of Canada 262-581-2 112-896-6 725-077-2 710-044-9
Scotiabank 70007-66 70007-68 70007-67 70007-69
The trustees look forward to working with all the people of these Islands to a prompt and lasting recovery from the tragic events of Hurricane Ivan and thanks the public for its efforts and donations.
The Trustees of The Cayman Islands National Recovery Fund
Contact: Huw Moses Appleby Spurling Hunter 949-4900 hmoses@applebyglobal.com
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Cayman Update is a publication of Cayman Information Service, a virtually Texas company. Find what you need on the Cayman Islands at
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Press Release
1 October 2004
On 23 September 2004 the Cayman Islands National Recovery Fund was formally established. It has received significant contributions already including the sum of One Million dollars from the Bank of Butterfield International (Cayman) Ltd. This trust is chaired by His Excellency the Governor and has a board of trustees also comprising The Leader of Government Business, The Leader of the Opposition, The Honourable Speaker, The Financial Secretary, Mr Huw Moses, Mr Connor O'Dea, Pastor Winston Rose, and Mr Dan Scott. Mr Andrew Jones Q.C. has been appointed the "Enforcer" of the trust.
This fund is and will be, the only official fund accepting and distributing monies to private individuals in the Cayman Islands as part of the relief effort. The beneficiaries of the fund include any persons injured, bereaved, rendered homeless, destitute or otherwise adversely affected by the Hurricane in the Cayman Islands on or after 11 September 2004. The trust has already commenced making grants to assist in the restoration of roofs of the homes of low income persons. Application forms for a grant for this purpose can be obtained from locations such as police stations, gas stations, shelters and churches throughout Grand Cayman.
The fund will be audited and considerable checks are in place to ensure proper placement and use of donations. The trustees are concerned that there may be a temptation to some to take advantage of the situation for personal profit and accordingly, any official or authorised fund raising for the Cayman Islands National Recovery Fund will bear the crest of the Cayman Islands.
Any fundraising on behalf of the fund is most welcomed and ideas should be discussed with one of the trustees. Contributions, which should be tax deductible for United States Tax purposes, should be sent to any one of the clearing banks operating in the Cayman Islands. Separate accounts have been established in CI, US, and Canadian dollars, together with Pounds Sterling.
The table below sets out the relevant accounts established to date and which are ready to receive donations.
Bank US$ Account CI$ Account Canadian$ Account Pounds Sterling Account
Bank of Butterfield 01101-036345 02101-036345 03210-036345 04210-036345
Cayman National Bank 021-77-999 011-88-999 031-00097 041-00066
Fidelity Bank 01521-114052-00 05521-114052-00 04521-114052-00 03521-114052-00
First Caribbean International Bank
1003-2530 1003-2522 1003-2994 1003-3009
Royal Bank of Canada 262-581-2 112-896-6 725-077-2 710-044-9
Scotiabank 70007-66 70007-68 70007-67 70007-69
The trustees look forward to working with all the people of these Islands to a prompt and lasting recovery from the tragic events of Hurricane Ivan and thanks the public for its efforts and donations.
The Trustees of The Cayman Islands National Recovery Fund
Contact: Huw Moses Appleby Spurling Hunter 949-4900 hmoses@applebyglobal.com
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Cayman Update is a publication of Cayman Information Service, a virtually Texas company. Find what you need on the Cayman Islands at
**************************************************************************
