The Australian Mercy Fund (AMF) is a funding initiative of ARMS to help projects amongst the poor that are unable to get funding from other sources.
Funds donated in the AMF are invested into ethical and conservative investments as laid down by the ARMS Board. The return from those investments is broken up as follows.
75% - Set aside for AMF Disbursals
20% - Re-invested into the fund to help increase the size of the fund and to help buffer it against inflation.
5% - Admin costs of running the fund.
Currently the AMF has invested capital of $25,000; because it is a perpetual fund interest from the donations made to the fund are used time and time again to help projects in the developing world that are serving the poor and needy.
To date the AMF has given small grants to the following projects.
$1000 – Donation project among HIV families in Thailand -
$2,000- Grant to build houses for widows in Rural India
$2,000 - Donation for the acquisition of land for a land mine project in Cambodia.
The AMF seeks public donations to increase the size of the invested core of the fund. The fund is also supplemented by fund raising done through the ARMS National Office.
Disbursals from the fund are made on an ad hoc basis at the discretion of the ARMS Board.
In the coming years the Australian Mercy Fund will continue to provide funds for poorer projects that are serving the poor and needy.
The Australian Mercy Fund (AMF) is a funding initiative of ARMS to help projects amongst the poor that are unable to get funding from other sources.
Disbursals from the fund are made on an ad hoc basis at the discretion of the ARMS Board.
