2014-11-25T15:06:38-06:00 2013-12-31 MITCHELL & TITUS LLP ONE BATTERY PARK PLAZA NEW YORK NY 10004 990EZ 2013-01-01 272122785 CLINTON BUSH HAITI FUND % ANITA D BHATT CLIN 2025724040 C/O PATTON BOGGS LLP 2550 M STREET Suite WASHINGTON DC 20037 Ms Anita D Bhatt Treasurer 2125724040 2014-11-11 true FREDERICK DAVIS P00446023 2125724040 2013 2015-11-30 17:44:51Z X X X WWW.CLINTONBUSHHAITIFUND.ORG X 0 0 0 0 0 0 0 0 0 0 0 0 16950982 0 0 44607 0 16995589 0 16995589 0 0 0 THE CLINTON BUSH HAITI FUND SEEKS TO FOSTER A DIVERSIFIED AND COMPETITIVE HAITIAN ECONOMY BY LEVERAGING THE NATION'S ENTREPRENEURIAL SPIRIT TO PROMOTE JOBS AND CREATE ECONOMIC OPPORTUNITIES THAT WILL LEAD TO LONG-TERM GROWTH AND PROSPERITY FOR HAITI. THE CLINTON BUSH HAITI FUND IS PROMOTING SUSTAINABLE ECONOMIC DEVELOPMENT BY SUPPORTING MICROFINANCE INSTITUTIONS, PROVIDING SMALL AND GROWING ENTERPRISES WITH ACCESS TO FINANCING AND BUSINESS SERVICES, FACILITATING TRAINING AND WORKFORCE DEVELOPMENT PROGRAMS, AND RESPONDING TO CRITICAL, UNMET NEEDS. THE CLINTON BUSH HAITI FUND MAKES AWARDS TO REPUTABLE, INNOVATIVE AND DYNAMIC ORGANIZATIONS OPERATING IN HAITI. IT PRIMARILY SERVES A LONG-TERM MISSION OF SUSTAINABLE RECONSTRUCTION THROUGH ECONOMIC OPPORTUNITY. ITS EFFORTS ARE DESIGNED TO PROMOTE JOB AND ECONOMIC DEVELOPMENT, ENABLING HAITIANS TO CHART THEIR OWN SUCCESSFUL FUTURE. FUTURE. 0 0 0 Joshua Bolton Co-Chair 1.0 0 0 0 Laura Graham Co-Chair 1.0 0 0 0 Alexis Herman Board Member 1.0 0 0 0 Bruce Lindsey Board Member 1.0 0 0 0 Bill Frist Board Member 1.0 0 0 0 Henrietta Holsman Fore Board Member 1.0 0 0 0 Sean Clancy Secretary 1.0 0 0 0 George Schutzer Asst. Secretary 1.0 0 Gary Edson President and CEO 1.0 0 Anita Bhatt CFO and Treasurer 10.0 0 0 0 false false false false true 0 false false 0 0 0 0 0 false 0 0 false ANITA D BHATT C/0 PATTON BOGGS LLP 2550 M STREE WASHINGTON DC 20037 2025724040 false false false false false false false false false false false true X 0 48999235 909026 238262 0 50146523 0 0 0 48999235 909026 238262 0 50146523 0 50146523 88999 132970 77357 0 299326 0 0 50445849 X Cash and cash equivalents 2013-01-31 7962062 book value 526040854 Inter-American Development Bank 1300 New York Avenue Washington DC 20577 n/a Loans receivable 2013-01-08 2549729 Net realizable value boo 526040854 Inter-American Development Bank 1300 New York Avenue Washington DC 20577 n/a Equity investment - Class B common share 2013-01-02 1000000 valued at cost 521803825 Inter-American Investment Corporati 1350 Ny Ave nw Washington DC 20577 n/a Cash and cash equivalents 2013-01-31 2300000 book value 311580204 Bill Hillary Chelsea Clinton Fou 1200 President Clinton Avenue little Rock AR 72201 501(c)(3) Cash and cash equivalents 2013-01-31 2000000 book value UNOPS Haiti 5 Impasse Dvilm Rue Daniel Brun Bois Moquette Ption-Ville HA n/a Cash and cash equivalents 2013-12-31 187832 book value 311580204 Bill Hillary Chelsea Clinton Fou 1200 President Clinton Avenue little Rock AR 72201 501(c)(3) Cash and cash equivalents 2013-12-31 187832 book value 150532082 Weill Cornell Medical CollWCMC-GHE 850 Third Avenue 12th Floor New York NY 10022 501(C)(3) Cash and cash equivalents 2013-05-01 738725 book value 521226629 Caplin Drysdale Chartered One Thomas Circle Suite 1100 Washington DC 20005 n/a false false false false true true true true false Form 990, Schedule N, Part I Effective December 28, 2012, the Fund's Board of Directors adopted a plan of complete liquidation for the purpose of effecting a complete, voluntary liquidation and dissolution of the Fund. Also, in December 2012, the Fund entered into an agreement with a financial institution that will provide certain services related to the wind-up of the Fund's affairs. This financial institution is focused on economic and social development in Latin America and the Caribbean (including Haiti). The services to be provided by the financial institution include monitoring certain grants made by the Fund, completing disbursements of the Fund's remaining grants payable and other services. The Fund agreed to transfer certain assets to the financial institution and an affiliate, including $2.3 million of cash and cash equivalents and assignment of the Fund's interests in outstanding loans receivable and an equity investment. The Fund also assigned its rights and interests to all grants made by the Fund to the financial institution. The financial institution and its affiliate are to use all transferred assets, and any income generated on the assets, for charitable activities that promote sustainable economic growth and opportunity in Haiti. The agreement allows the financial institution to use no more than $300,000 of the transferred assets for administrative and overhead costs incurred in relation to the wind-up of the Fund's affairs. The transactions with the financial institution and its affiliate closed in January 2013 and all transfers of assets were completed. In January 2013, the Fund also transferred funds to the financial institution to cover remaining grants payable of approximately $5.6 million. Those transactions were also reported on 2012 Form 990, Schedule R, Part II. Caplin & Drysale, Chartered - CBHF accrued $ 836,589 of wind-down expenses on its 2012 audited financial statements. These expenses were included on 2012 Form 990, Part IX, Line 24b and the detail was reported on Schedule O. During 2013, the Foundation paid out some of the wind-down expenses directly, and the remaining balance was transferred to Caplin & Drysdale, Chartered (C&D). C&D is an escrow agent engaged to pay wind-down expenses on behalf of CBHF. FORM 990EZ PART II LINE 26 Description:TRANSFER OF CASH AND CASH EQUIVALENT BOY Amount:2300000 FORM 990EZ PART II LINE 26 Description:TRANSFER OF ASSIGNED LOANS RECEIVABLE BOY Amount:2549729 FORM 990EZ PART II LINE 26 Description:TRANSFER OF ASSIGNED INVESTMENT BOY Amount:1000000