EDTF Medical Relief Fund
We have established a Medical Relief Fund in recognition of the current challenge medical facilities in Ethiopia are facing due to the shortage of life saving medical supplies. Using the success of our COVID-19 response as a blue print, we aim to provide these supplies and meet the current critical need in the Health Sector. We have committed $500,000 from available funds and have launched this fundraising campaign to reach a goal of $1,000,000.
KEY EDTF FIGURES AS OF 31 DECEMBER 2020
KEY EDTF FIGURES*
| CITIBANK DEPOSITED DONOR CONTRIBUTIONS $7,214,620.76 |
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| CBE DEPOSITED DONOR CONTRIBUTIONS $328,025.40 |
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| TOTAL DEPOSITED FUNDS $7,542,646.16 |
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| TRANSFERRED TO EDTF EMERGENCY COVID-19 MITIGATION ACCOUNT $1,000,000.00 |
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| TRANSFERRED TO EDTF MEDICAL RELIEF FUND ACCOUNT $500,000.00 |
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| COMMITTED FUNDS FOR APPROVED PROJECTS $1,342,000.00 |
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| UNCOMMITTED AVAILABLE FUNDS $4,700,646.16 |
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| 1ST QUARTER TRANSFERRED FOR APPROVED PROJECTS AS OF AUGUST 2020 (including bank charges) $165,939.00 |
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| 2ND & 3RD QUARTERS TRANSFERRED FOR APPROVED PROJECTS AS OF DECEMBER 2020 (including bank charges) $428,788.59 |
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| TOTAL TRANSFERRED FUNDS (AS OF DECEMBER 2020) $594,727.59 |
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| EDTF ADMINISTRATIVE COST $00.00 |
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| UNCOMMITTED BALANCE AVAILABLE (62.32%, AS A PERCENTAGE OF DEPOSITS) $4,700,646.16 |
KEY EDTF MEDICAL RELIEF FUND (MRF) FIGURES*
| DEPOSITED DONOR CONTRIBUTIONS $54,717.00 |
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| TRANSFERRED FROM EDTF DONOR CONTRIBUTIONS $500,000.00 |
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| TRANSFERRED FROM EDTF COVID-19 CONTRIBUTIONS $22,893.34 |
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| TOTAL MRF DEPOSITED FUNDS $577,610.34 |
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| SIGNED SNS GLOBAL PHARMA CORPORATION CONTRACT $499,987.38 |
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| 50% PAYMENT MADE TO SNS GLOBAL PHARMA CORP $249,993.69 |
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| EDTF ADMINISTRATIVE COST $00.00 |
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| TOTAL PAID FUNDS (43.28%, AS A PERCENTAGE OF DEPOSITS) $249,993.69 |
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| BALANCE AVAILABLE (56.72%, AS A PERCENTAGE OF MRF DEPOSITS) $327,616.65 |
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| UNCOMMITTED BALANCE AVAILABLE (13.44%, AS A PERCENTAGE OF MRF DEPOSITS) $77,622.93 |
* Key Figures give unofficial status of EDTF Accounts at date specified. Official EDTF Financial Statements are prepared on a monthly basis but issued after year-end with notes. The unqualified 2019 and 2018 audited financial statements are posted on the website.
Working together to build a better Ethiopia.
The Ethiopian Diaspora Trust Fund (EDTF) is a non-profit organization established to mobilize the global Diaspora community to raise funds for vital social-economic projects in Ethiopia. All donations to Friends of EDTF Inc. are tax-deductible.
