Recovery Fund

Strategic support for supply chain during COVID-19

In the circumstances of high uncertainty we are facing today due to COVID-19, we must first ensure the safety of our business and employees. In business things are not achieved in isolation. It is a connected system of vessels in which suppliers and contractors play a key role. According to McKinsey’s report COVID-19: Implications for business, supply chain resilience will be key to long-term business stability. One of the ways in which this can be accomplished is by providing financial support to small and medium-sized suppliers who face financial problems due to COVID-19. We shall identify which individuals and entities in our environment are crucial for our business when we respond to this crisis and begin recovery, and make sure that they survive this difficult time. Taking care of your market environment will help minimize the negative impact of the pandemic on the economy, the labor market and your own organization.

It is our belief that ensuring resilience of the supply chain will be a key activity leading to successful restoration of the national, regional and global economy. This is why we have created the Recovery Fund. Its purpose is to counteract the effects of COVID-19 by enabling entrepreneurs to support key people and entities who have suffered or may suffer pandemics – so that during and after COVID-19 normal business processes can be restored.

Through the Recovery Fund it will be possible to ensure stability of

KEY PEOPLE

The companies, apart from full-time employees, are supported by a group of people who are self-employed or work under civil law contracts. Despite planned government support, they may not survive the long downtime caused by COVID-19.

Key suppliers

If, in the production or service rendering process we use elements or know-how provided by specialized, often small entities, the lack of them at the time of restoring normal business processes may hinder or even prevent efficient operation after COVID-19.

Manufacturers of key raw materials and components

If the economy is based on dispersed producers of a key raw material in a given industry, this may be a problem for the entire industry. Keeping such entities in good shape is crucial for many companies that can form alliances for this purpose

The objectives of the Fund are subject to art. 4 of the Act of 24th April 2003 on public benefit activities and volunteering. Legal and financial details can be found in the FAQ section below.

GET INVOLVED! SIGN THE AGREEMENT AND SUPPORT THE FUND FINANCIALLY.

Bank: Citi Handlowy, PL 77 1030 0019 0109 8534 0000 3845, SWIFT: CITIPLPX.

By financing the Recovery Fund, you can support the individuals you have specifically selected, including individual entrepreneurs, legal entities, social organizations, business environment institutions or other partners, key to running your business or key to your industry. You can also support the Fund without specifying any particular purpose. In this case, we, together with the Council, which consists of professionals and experts from various industries and areas, having consulted industry organizations and employers’ associations, will decide who shall become the Beneficiary of the Fund.

To save your time, one of the most valuable resources for entrepreneurs – in this situation in particular, we have limited the corporate commitment to signing one concise contract. Thanks to our experience in managing funds, we will do the rest ourselves so that you can focus on your business.

 

WHY SHOULD YOU JOIN THE FUND?

01

By joining forces, we increase
the Impact

02

We report (financially
and non-financially)

03

We provide
administrative, legal
and tax support

PARTNERS

CONTACT FORM

FAQ

Its purpose is to counteract the effects of COVID-19 by enabling entrepreneurs to support key people and entities who have suffered from or may suffer from the effects of the pandemic – so that during and after COVID-19 normal business processes can be restored.

To save jobs and businesses at risk. On the basis of this indicator, the Fund’s impact will be reported.

By making a donation at the account dedicated to the Fund:

Bank Citi Handlowy

Account number: PL77 1030 0019 0109 8534 0000 3845

SWIFT: CITIPLPX

You just have to fill in the form (which you can find above) or contact us at COVID@ceeimpact.org.

We usually enter into a single concise donation agreement. The objectives of the Fund are subject to art. 4 of the Act of 24th April 2003 on public benefit activities and volunteering.

You decide who will receive the support. You can support both natural persons, including those running a business, as well as legal persons, social organizations, business environment institutions and many others. You can also support the Fund in general to help realise the Foundation’s tasks related to philanthropy, in accordance with art. 4 of the Act of 24th April 2003 on public benefit activities and volunteering.

Yes, you can contribute to the Fund without indicating a specific purpose. In this case, we, together with the Council, which consists of professionals and experts from various industries and areas, having consulted industry organizations and employers’ associations, will decide who shall become the Beneficiary of the Fund.

The Fund can be joined by Donors (natural persons and legal persons) from all over the globe, but support will be provided to people and entities from the Central and Eastern Europe (CEE) region.

No. Any amount donated to fund the Fund matters. Our aim is to combine smaller amounts into more strategic activities – for industries or groups of companies / suppliers. It is worth considering that the Recovery Fund was created to strategically support resources (including human capital) and the supply chain, because these activities are key to rebuilding the economy – local, national, regional and global in the long run.  We carry out all tasks in accordance with art. 4 of the Act of 24th April 2003 on public benefit activities and volunteering.

Funds will be transferred to Beneficiaries in the form of donations.

After signing the contract and having the donation credited on beneficiary’s account, we will immediately contact the persons / entities that you selected for support or we will support you in the efficient identification of entities in need of support. We will transfer funds to them as soon as we sign relevant contracts.

The amount transferred to the entities or persons indicated by you depends on your recommendations or, if you leave the decision to us – it will, in effect, be our independent decision. It is important for beneficiaries to account for the donation and pay donation tax, if any, due upon receipt of the donation.

It is your decision. Support will be provided according to your decisions – both as a one-off and monthly or quarterly.

Yes, we prepared a set of information materials for internal and external communication for all partners of the Fund.

The Recovery Fund is a non-profit initiative. Fund administration, according to global standards of Charity Navigator, involves the cost of 10% of the amount donated. However, in the current economic situation, we decided to reduce this cost to 0,1-3%, depending on the amount of funds donated. This amount will allow us to cover the costs associated with administration of the Fund (mainly legal costs and accounting). If the amounts credited on the Fund’s service exceed our costs, the difference will be used to finance the Fund’s core objectives and that will be communicated to you, in such instance. Administrative costs associated with servicing the Fund are a part of the donation subject to art. 4 of the Act of 24th April 2003 on public benefit activities and volunteering.

Making a donation, based on the contract signed with the Fund, simplifies formalities to a minimum. The fund takes over all administrative activities, such as signing contracts with Beneficiaries as well as handling the transfer and accounting of funds. Thanks to strategic actions, we can combine smaller payments, which will result in greater impact.