OHF has a policy that when there is a need, it will act on the need first and raise funds later. In the past years, we have been using our Reserve Funds but found that subsequent donations did not raise the requisite amount. For example, in the above Oxygen Concentrators project, it cost over $80,000 but we raised only $25,000. The shortage was $55,000. Due to the urgency, we could not wait for the donations to be raised before buying and sending over the oxygen concentrators.
Our general fund is not just for administrative purposes but for projects. Here are some projects that use our Reserve funds: - Livelihood projects, chicken and goat farms, computer and sewing classes in Nepal.
The cost was US$100,000 but we managed to raise only a fraction of this amount. Because of covid and also the lack of funds, we have stopped this project.
- Renovation of House to be a Restaurant. We have a building in Hope Village Prey Veng which we are renovating to turn into a restaurant that can generate income. We need to repair the floors and structure, change the doors and windows, add in fencing and a gate plus buying all the equipment needed to fit out the restaurant. This project is ongoing and hopefully can be completed in six months.
The above are two major projects that use our reserve funds. Small projects that uses our reserve funds recently are: - Purchase of marbling paint sets and drawing kits for Hope Village children.
- Purchase cross stitch kits.
- Sending donated laptops to Cambodia since we are not able to travel there due to Covid.
We need your generous support and donation to our Reserve Fund so that our projects can continue to help those living in poverty and the children in Hope Village. Donate To Make Hope Real - OHF - Operation Hope Foundation |