U.S. Fund for UNICEF Bridge Fund
What is the Bridge Fund?
The U.S Fund for UNICEF Bridge Fund is an innovative, impact investment tool that addresses the timing gaps that emerge between the commitment of a donor's support to UNICEF and the actual receipt of the pledged cash by UNICEF.
A program of the U.S. Fund for UNICEF's In-Kind Assistance Corporation (IKAC), the Bridge Fund's low-risk, high-impact profile is attractive to a range of impact investors seeking to make a difference in the survival and development of children. The Bridge Fund is unique not only in its mission and mandate, but also in the scale and the impact that it is able to achieve by leveraging UNICEF's infrastructure, economies of scale and global reach.
Since its inception in 2013, the Bridge Fund has bridged 27 transactions representing $108 million in program activity.
What does the Bridge Fund Do?
- Leverages net worth grants to secure capital in the form of 3-year or 5-year loans, which form a pool of revolving funds
- Provides flexible capital, from that pool of revolving funds, in the form of cash grants to UNICEF to enable it to act immediately when children’s lives are at risk
- Allows UNICEF to start the procurement process earlier to secure better pricing or start programmatic activity sooner, benefitting children in 190 countries
- Helps ensure a continuous supply of life-saving commodities from reliable manufacturers saving the lives of vulnerable children
- Multiplies programmatic impact with each subsequent bridge: a $1 million investment over a 5-year period has the impact of a $10 million investment when funds are rotated just twice a year
- Is replenished when donors' funds are received by UNICEF, and the flexible pool of capital is ready for the next urgent need
What does the Bridge Fund Bridged?
- Mosquito nets and malaria medicine
- Medical supplies, from thermometers to first-aid kits
- HIV-related medicines and diagnostics
- Vaccines and safe injection devices
- Pharmaceuticals, micronutrients and therapeutic foods
- Education equipment and materials
- Clean water, sanitation and hygiene equipment
- Other National Committee's Pledges
Read about the Bridge Fund in the news:
The Bridge Fund has adopted IRIS (Impact Reporting and Investment Standards) metrics to reflect the social and environmental impact of our work using criteria generally accepted in the impact investing industry. Below please find a document summarizing the impact of the Bridge Fund's program activity in its 2015 fiscal year.
For the second consecutive year, the Bridge Fund has been selected for inclusion in the ImpactAssets 50 list of impact fund managers. ImpactAssets was created to promote investments that generate measuable social and environmental impact, as well as financial returns, by providing products, information and thought leadership to support impact investors. They use stringent criteria to select diverse firms that demonstrate experience in the field, scale in assets under management, significant commitment to social impact, financial capacity and oversight. For more information about ImpactAssets 50 managers, please go to http://www.impactassets.org/ia50_new/.
Impact Base For additional guidance as a prospective investor, the U.S. Fund for UNICEF Bridge Fund profile is available on ImpactBase.
Review the Bridge Fund ImpactBase profile here: http://www.impactbase.org/database/us-fund-unicef-bridge-fund
ImpactBase is an online global directory of impact investment funds created by the Global Impact Investing Network (GIIN).