The Structure of our Funds:  

The Jaltemba Foundation maintains three types of funds; the long-term endowment fund, the community service and development fund, as well as, several designated or donor advised funds.

The Jaltemba Foundation Long Term Endowment Fund:

The Jaltemba Foundation Long Term Endowment Fund is maintained to provide a sustaining source of funds to support innovative projects for the foreseeable future.  These funds are derived from individual, family and institutional giving, special appeal fundraising activities, fee for service income, and sale of in-kind gifts.  These endowment funds are invested in conservative instruments to provide long term interest income used to support our Community Service and Development Fund.  These funds are controlled by the Jaltemba Foundation board and at this time are not available for distribution.   

The Jaltemba Foundation Community Service and Development Fund:

The Jaltemba Foundation Community Service and Development Fund is maintained to provide resources to increasingly and directly support a variety of innovative and self sustaining community projects.  The funds deposited to the Community Service and Development Fund are derived from the proceeds of the Long Term Endowment Fund and other direct donations and institutional grants.  The projects supported through the Community Service and Development Fund are selected on the basis of (i) impact on the community, (ii) degree of contribution to community health and safety, (iii) period to accomplish, and (iv) economy of scale.

Impact on the community:  How many people will benefit or be impacted by this project?

Degree of contribution to community health or safety:  How will this project contribute to the health and safety and basic needs of the people in this community? 

Period to accomplish:  How much time will be required to complete this project?

Economy of scale:  How much money is being requested in relation to the number of people to be impacted, degree of contribution and period to accomplish?

The funds from the Community Service and Development Fund are controlled by the Jaltemba Foundation board and are available to any community based non-profit entity that meets the above criteria.  However, at this time, these funds are very limited.   

Designated or donor advised funds:

Designated or donor-advised funds are charitable giving accounts offered by the Jaltemba Foundation on behalf of families or community donor groups that contribute money to support grants based on their own selected criteria to Jaltemba Bay area charitable organizations or causes.  These criteria may target selected groups of people with very specific needs, eg. women with cervical cancer, children with cleft pallets, people with vision impairments, etc.  The criteria may also be focused on very specific activities, eg. collect and distribute prosthesis, conduct specific medical lab tests, etc. Also, the criteria may direct working with specific other community organizations, eg. DIF, Jaltemba Bay Animal Rescue (JBAR), Tercera Edad, etc.

As a condition for accepting designated or donor advised funds, the Jaltemba Foundation will execute a letter of understanding (LOU) with the donor group that includes all of the criteria as described above.  

The Jaltemba Foundation maintains complete and accessible records in accordance with professional standards and government regulations.

The designated or donor advised funds currently held by the Jaltemba Foundation are as follows:

This is a fund within the Jaltemba Foundation that will fund worthy projects or individuals as determined by the Howell Family. The fund and the good works that will arise out of the projects commemorate Robert Howell – the friend, father, marine and philanthropist. These projects or individual cases would meet the charitable and non-profit guidelines from which the Jaltemba Foundations must govern.

The current project that the funds will be applied to is the Park of Angels in Rincon de Guayabitos.

The Howell Family will also from time to time request that the Howell Fund be designated to a specific and generally emergent individual or project that is deemed necessary by the family. 

The family requests that they not be further solicited with projects until the Park is built.