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The IAF is supporting and will continue working with you to make a positive impact in Latin America and the Caribbean. In more than 20 countries,the IAF provides a range of options for corporate partners seeking to strengthen the communities where they do business, such as formal partnerships with individual companies and consortia for co-financing and the option to channel funds through IAF for investment in grassroots initiatives consistent with a company's social responsibility priorities. (Under IRC§170, contributions made to the IAF are generally tax-deductible).
RedEAmérica
The Inter-American Network of Corporate Foundations and Actions for Grassroots Development (RedEAmérica), is an IAF-initiated business-sector alliance committed to supporting self-help projects in the hemisphere. Launched in 2002, RedEAmérica has grown from 27 founding members to a corps representing 70 corporate foundations supported by 360 companies.
Each year, members of RedEAmérica enter into agreements with the IAF that require corporate partners to match and even double the IAF's contribution to social responsibility programs. For the period between 2003 and March 2011 the investment of these 19 members of RedEAmérica totaled $8,058,243, drawn from corporate and other sources. The IAF’s commitment totaled $6,001,653 over the same period. This joint funding has reached individuals and communities through initiatives undertaken by grassroots groups, often incipient, whose projects were too small to qualify for IAF awards. In fiscal 2011, 17 RedEAmérica members had cooperative agreements with the IAF. For more information, go to redeamerica.org.