Commitment to Action

GIVE: Lights and Power for Panzi Hospital

Commitment by

GlobalECHO Foundation

In 2012, the GlobalECHO Foundation committed to providing financial resources that will help the Panzi Hospital in the Democratic Republic of Congo transition from a reliance on expensive diesel fuel and an undependable grid to clean, sustainable, and renewable energy. Specifically, the Foundation will provide $150,000 over a two-year period to help fund the installation of solar panels donated by another CGI member, Suntech Power Holdings Company Limited. The Foundation funds will be raised through the sale of an exchange-traded fund (ETF) listed on the New York Stock Exchange that invests in sustainable and impact investment opportunities. Forty basis points, or 0.4 percent, of the fund's total assets under management will flow to the GlobalECHO Foundation for its grant-making activities.

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Overview
Summary

Commitment

GIVE: Lights and Power for Panzi Hospital

Launched

2012

Est. Duration

6 years

Estimated Total Value

$150,000

Region

Africa

Countries

Democratic Republic of the Congo

Commitment by

GlobalECHO Foundation

Partner(s) of the Commitment Maker(s)

The Panzi Hospital Of Bukavu, AdvisorShares