Define: Inter-American Foundation

Inter-American Foundation
Inter-American Foundation
Quick Summary of Inter-American Foundation

The Inter-American Foundation, established in 1969, aims to improve the lives of individuals in Latin America and the Caribbean. It achieves this by providing financial support to organisations dedicated to assisting impoverished communities. The foundation is governed by a nine-member board, comprising representatives from both governmental and private sectors, all committed to enhancing the well-being of those in need.

Full Definition Of Inter-American Foundation

The Inter-American Foundation (IAF) is a federal foundation that operates independently and focuses on promoting social and economic development in Latin America and the Caribbean. It achieves this goal by granting funds to private, indigenous organisations that carry out self-help projects aimed at benefiting impoverished individuals. Established in 1969 as an experimental foreign-assistance program, the IAF is governed by a nine-member board, consisting of six private sector representatives and three government representatives. One notable project supported by the IAF is a community-led initiative in rural Guatemala, which aimed to enhance access to clean water. Thanks to the grant provided by the IAF, the community was able to construct a water treatment plant and establish a distribution system, resulting in improved health and well-being for the local population. This example effectively demonstrates how the IAF supports self-help projects that uplift disadvantaged individuals in Latin America and the Caribbean. By providing financial support to indigenous organisations, the IAF empowers communities to take control of their own development and create sustainable solutions to their challenges.

Inter-American Foundation FAQ'S

The Inter-American Foundation is an independent U.S. government agency that provides grants to support community development projects in Latin America and the Caribbean.

You can apply for a grant from the Inter-American Foundation by submitting a proposal through their online application system during their open grant cycles.

The Inter-American Foundation funds projects that promote self-help and community empowerment, with a focus on grassroots organisations and initiatives in Latin America and the Caribbean.

To be eligible for a grant from the Inter-American Foundation, organisations must be based in Latin America or the Caribbean and demonstrate a commitment to community-driven development.

The Inter-American Foundation evaluates grant proposals based on their potential for sustainable impact, community participation, and innovation in addressing local development challenges.

The Inter-American Foundation primarily funds organisations and community groups, rather than individuals, but individuals can be involved in project implementation as part of a larger organisation.

Organizations that receive grants from the Inter-American Foundation are required to submit regular progress reports and financial documentation to demonstrate the impact of their projects.

The Inter-American Foundation primarily funds organisations based in Latin America and the Caribbean, but they may also partner with U.S.-based organisations that have a strong presence and track record in the region.

The Inter-American Foundation has rigorous monitoring and evaluation processes in place to ensure that grant funds are used effectively and transparently, and they also conduct site visits to project locations.

The Inter-American Foundation has supported thousands of community-driven development projects in the region, leading to positive social, economic, and environmental outcomes for local communities.

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This glossary post was last updated: 17th April 2024.

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