Community Foundation of the Virgin Islands Receives $25,000 Donation from Assured Guaranty

Community Foundation of the Virgin Islands Receives $25,000 Donation from Assured Guaranty

June 25, 2018 / 5 mins read

U.S. Virgin Islands— The Community Foundation of the Virgin Islands (CFVI) has received a $25,000 donation from Assured Guaranty to further the Foundation’s recovery work in the Territory. In presenting the donation to CFVI, Dominic Frederico, CEO, and President of Assured Guaranty said “Since Hurricanes Irma and Maria made landfall in 2017, Assured Guaranty has closely monitored the progress of recovery. The positive work, integrity, and commitment that the people and the government of the U.S. Virgin Islands have been showing during the rebuilding process is encouraging for the long-term future of the islands. We have been particularly impressed with the relief work your organization is doing to help your fellow citizens recover and thrive, and it is with great pleasure that we present a donation of $25,000 to the Community Foundation of the Virgin Islands.”

For more than 20 years, Assured Guaranty has been a financial partner of the USVI and has insured more than $500 million of bonds issued by various agencies throughout the Territory. Assured Guaranty comprises Assured Guaranty Ltd., a Bermuda-based company traded on the New York Stock Exchange, and its U.S., European and Bermuda subsidiaries. It is the leading guarantor of bonds issued to finance public infrastructure.

This donation from Assured Guaranty places the company at the top of the list of CFVI 2018 Angels. Dee Baecher-Brown, President of the Community Foundation of the Virgin islands explained, “2018 marks the 20th Anniversary of the CFVI Angels network. We are honored to have Assured Guaranty join this illustrious network of philanthropists in the Virgin Islands! And it is particularly fitting to welcome Assured Guaranty to the CFVI Angels network as they celebrate 20 years of partnering with the Territory!”

When Hurricanes Irma and Maria ripped through the U.S. Virgin Islands leaving a devastating mark on the landscape, infrastructure, and residents of the USVI, the Community Foundation was in a position to be one of the first responders and has been able to provide leadership and guidance as we build forward. All of this was thanks to the support of the CFVI ANGEL network!

In the months since the storms, CFVI has built on its modest but mighty infrastructure to handle contributions from more than 10,000 donors and, to date, provide more than $10.5 million in grants. In addition, CFVI offered expanded services for fiscally sponsored projects and for additional giving and volunteering! CFVI is committed that annual Angel donations will fund the necessary support services to its donors, partners, projects, and programs. Our community is depending on us for these services, and CFVI Angels such as Assured Guaranty make it possible!