Swiss foundation makes its first major grants
Howard Lake | 27 December 2006 | News
Starr International Foundation, a charitable organisation based in Switzerland established this year, has announced its first major grants. It has made a $4 million grant to Medecins Sans Frontieres (MSF) to support international humanitarian work and a $1 million grant to support various charities in Switzerland.
The foundation supports a broad range of educational, environmental, artistic,
cultural, medical, humanitarian and other charitable institutions in Switzerland and around the world. It is the successor to
the Starr International Charitable Trust, which was founded in 1971 by Starr International Company, Inc.
The Foundation is the sole stockholder of Starr International AG, a Swiss charitable corporation that holds all of the authorized shares of non-voting common stock of Starr International.
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The Foundation’s Board of Directors consists of Otto Saxer (President), former CEO of Swiss Mobiliar; John C. Whitehead, former co-chairman of Goldman, Sachs & Co. and U.S. Deputy Secretary of State, and Maurice R. “Hank” Greenberg, chairman of Starr International and the retired chairman and CEO of American International Group, Inc.
Dr. Saxer said: “We are very happy to have the Foundation up and running, and to support through this initiative the provision of the best medical care to impoverished communities, particularly in Africa and Asia. We are confident that the Foundation will be an important European philanthropic organisation in the years ahead.”
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.