Statement by Frank Giustra

UPDATED STATEMENT FROM FRANK GIUSTRA ON AUGUST 25, 2016 

Since we began our work in 2007, the Clinton Giustra Enterprise Partnership (CGEP) has impacted more than 600,000 lives in Latin America and the Caribbean, Asia, and Africa. CGEP is committed to continuing to help low income communities around the globe work themselves out of poverty through market-driven opportunities. If Secretary Clinton wins the election, we plan to spin CGEP into an independent entity to continue this important work, and maintain CGEP’s life-changing partnerships around the world.

The independent entity will be completely separate from the Clinton Foundation with independent governance and funding. CGEP also anticipates changing its name once the transition is complete. The new name and other details of the transition will be worked out post-election.

“The work that we have accomplished and lives we have changed through the Clinton Giustra Enterprise Partnership is what I consider my most important lifelong work. President Clinton and I believe it is important that we continue the work of alleviating poverty around the world, and I am committed to the future of CGEP in order to do so.”

PREVIOUS STATEMENT BY FRANK GIUSTRA

Our Founder and Chairman released a formal statement on May 4th, 2015. Please CLICK HERE.

FREQUENTLY ASKED QUESTIONS

WHAT TYPE OF REGISTERED CHARITY IS THE CLINTON GIUSTRA ENTERPRISE PARTNERSHIP (CANADA) AND WHEN WAS IT ESTABLISHED?

The Clinton Giustra Enterprise Partnership (Canada) (formerly called the Clinton Giustra Sustainable Growth Initiative (Canada)) was established in 2007. It is a Canadian registered charity and is designated as a “charitable organization” by the Canada Revenue Agency.

WHAT IS THE “REGISTERED BUSINESS NUMBER” OF THE CLINTON GIUSTRA ENTERPRISE PARTNERSHIP (CANADA)? 

The “registered business number” of the Clinton Giustra Enterprise Partnership (Canada) is 84602 8819 RR0001. 

WHY DID MR. GIUSTRA ESTABLISH THE CLINTON GIUSTRA ENTERPRISE PARTNERSHIP (CANADA) INSTEAD OF DONATING DIRECTLY TO THE CLINTON FOUNDATION?

The Clinton Giustra Enterprise Partnership (Canada), a separate Canadian registered charity, was established so that Mr. Giustra and other Canadian residents could receive a charitable tax credit in support of Mr. Giustra’s vision of working toward innovative solutions to poverty alleviation on a global scale.

WHY DID THE CLINTON GIUSTRA SUSTAINABLE GROWTH INITIATIVE (CANADA) CHANGE ITS NAME TO THE CLINTON GIUSTRA ENTERPRISE PARTNERSHIP (CANADA)?

The Clinton Giustra Sustainable Growth Initiative (Canada) was established in 2007.

The Clinton Giustra Sustainable Growth Initiative (Canada), through its relationship with the Clinton Foundation, had a number of successes including:

      • completing 50,662 cataract operations in Peru,
      • providing 4.3 million meals to 4,000 underserved children in Colombia,
      • providing skills training and various construction certifications to 5,424 marginalized individuals in Colombia,
      • providing access to maternal and child nutrition programs to 2,253 mothers and 5,387 children in Peru, and
      • providing capacity building to 5,128 smallholder farmers and linking them to new high-value markets in Peru and Colombia resulting in over $8 million in sales.

In 2012, the leadership took a step back to evaluate our goals and achievements, and realized that the best way to lift people out of poverty was to create activities that generated more income for marginalized individuals and increase sustainable employment opportunities. And so, in 2013, we changed our name from the Clinton Giustra Sustainable Growth Initiative (Canada) to the Clinton Giustra Enterprise Partnership (Canada) to better reflect this new approach to economic development.

WHY IS THERE AN INITIATIVE AT THE CLINTON FOUNDATION WITH THE SAME NAME?

The initiative at the Clinton Foundation is called the “Clinton Giustra Enterprise Partnership” without the name (Canada) at the end of it because this is an “initiative” of the Clinton Foundation.

WHY IS MR. GIUSTRA’S NAME IN THE “INITIATIVE” OF THE CLINTON FOUNDATION?

Mr. Giustra’s name is on the initiative of the Clinton Foundation in recognition of his extraordinary commitment and a reflection of Mr. Giustra’s and the Clinton Foundation’s commitment to working together toward innovative solutions to poverty alleviation. 

HOW DOES THE CLINTON GIUSTRA ENTERPRISE PARTNERSHIP (CANADA) WORK WITH THE CLINTON FOUNDATION?

The Clinton Giustra Enterprise Partnership (Canada) does not provide general operating support to the Clinton Foundation, but rather we contract with the Clinton Foundation to execute specific programs and we provide ongoing instruction on the use of our resources, holding the Clinton Foundation accountable for reaching established philanthropic goals that help further our charitable purpose(s).

The Clinton Giustra Enterprise Partnership (Canada) contracts with the Clinton Foundation to carry out this work based on the Clinton Foundation’s capacity, resources, specialized skill sets, knowledge, as well as established networks needed to successfully execute economic development activities in sometimes challenging environments.

ARE THE NAMES OF ALL THE CANADIAN DONORS THAT HAVE CONTRIBUTED TO THE CLINTON GIUSTRA ENTERPRISE PARTNERSHIP (CANADA) PUBLIC INFORMATION? 

No. Under Canadian laws and charitable best practices, charitable donors have a right to privacy. When a donor gives money to a Canadian charity in confidence, and in the process provides his or her personal information, under Canadian law a fiduciary relationship is established between the Canadian charity and the donor concerning the use of private information that the donor has provided. To maintain the fiduciary relationship between Canadian donors and the Clinton Giustra Enterprise Partnership (Canada) with regard to disclosure of donor information, prior consent must be first obtained from each and every Clinton Giustra Enterprise Partnership (Canada) donor agreeing to disclose their donor information to any other person or organization.

Please CLICK HERE to read a legal opinion from our legal counselWeirFoulds LLP.

Please CLICK HERE to read an independent legal opinion from Carters Professional Corporation.

Although there is no formal requirement to disclose our donors, in light of media inquiries, we have reached out to those donors who have contributed $100,000, or more. The majority of these donors have provided written consent and are disclosed below. Our remaining donors comprise many one-time donations, most of which are from the over 1,000 attendees at our 2008 Gala.

  • Frank Giustra
  • B2Gold Corporation
  • Barrick Gold Corporation
  • Cannon Point Resources Ltd.
  • Stephen Dattels
  • Deloitte Foundation Canada
  • Endeavour Mining Corporation
  • Evanachan Limited
  • Fernwood Foundation
  • Fiore Management & Advisory Corp.
  • GMP Securities L.P.
  • Gran Colombia Gold Corp.
  • Griffths McBurney Canada Corp.
  • Haywood Securities Inc.
  • Gord & Katherine Keep
  • Dr. Sergey Kurzin
  • Alison Lawton
  • Sam Magid
  • New Gold Inc.
  • Oceanic Iron Ore Corp.
  • Pacific Coal Resources Ltd.
  • Pacific Rubiales Energy Corporation
  • Royce Resources Corp.
  • Ian Telfer
  • The Dragon Group of Companies
  • The Radcliffe Foundation
  • Anna Wallner
  • Trevor Wilson
  • Wekerle GM&P Holding Corp.
  • Neil Woodyer

HAS THE CLINTON GIUSTRA ENTERPRISE PARTNERHSIP (CANADA) RECEIVED DONATIONS FROM FOREIGN OR CANADIAN GOVERNMENTS OR GOVERNMENT CONTROLLED ENTITIES?

The Clinton Giustra Enterprise Partnership (Canada) has never received any donations from foreign or Canadian Governments or government controlled entities.

DOES THE CLINTON FOUNDATION DISCLOSE DONATIONS MADE BY DONORS OF THE CLINTON GIUSTRA ENTERPRISE PARTNERSHIP (CANADA)? 

No. The Clinton Foundation lists all of its contributors on the Clinton Foundation’s website HERE, including the Clinton Giustra Enterprise Partnership (Canada) and other charitable organizations that support the Foundation’s work. Clinton Giustra Enterprise Partnership (Canada) is an independent organization and therefore its contributions are not disclosed on the Clinton Foundation’s website, and under Canadian law, Clinton Giustra Enterprise Partnership (Canada) is prohibited from independently disclosing its donors without prior consent from the donors

WHAT DOES THE “INITIATIVE” (WITH THE SAME NAME- WITHOUT (CANADA) AT THE END OF IT) AT THE CLINTON FOUNDATION DO AND WHERE DOES IT OPERATE? 

The “initiative” of the Clinton Foundation works to advance innovative solutions to poverty alleviation on a global scale.

The “initiative” currently operates in Colombia, El Salvador, Haiti, Peru, and is actively evaluating opportunities to establish its enterprise models elsewhere including Mexico, Africa, and Asia.

We believe there is great potential to enhance the economic and social benefits of marginalized communities by incorporating these individuals into one of our three “market-driven” models – Distribution Enterprises, Supply Chain Enterprises, and Training Center Enterprises. As a result of our activities, we have positively impacted more than 600,000 marginalized individuals through our enterprise models and health and well-being programs. Please learn more about our work HERE.