The PCF is delighted to have received a donation of one million baht from the Van Leer Group Foundation of the Netherlands. The donation was handed over to members of the PCF by Rien van Gendt, Executive Director of the VLGF from 2002 to 2007, and still very much active in supporting it.
Mr van Gendt handed over a symbolic “big cheque” to members of the PCF board during a dinner on Sunday (August 16) at the Baan Suan restaurant in Layan.
The PCF board has agreed that the donation, possibly along with other funds the PCF now has at its disposal, will be invested as a first step toward building up an endowment fund, providing a steady stream of revenue, thereby reducing the need to rely on constant fund-raising in order to cover running costs and grant funds.
PCF president Pranee Sakulpipatana said, “This is a quite magnificent gift from K. Rien and the Van Leer Group Foundation, who have already given us huge support. It also allows us to make a first small step towards freeing ourselves of the necessity to constantly raise funds.
“That said, there is a very long way to go yet before we will be able to to rely entirely on invested assets to cover our grant making programme, our ongoing projects and our management costs. So donations will always be very welcome.”
The PCF plans to open its first grant application session on December 1. More details will be published soon.
The Van Leer Group Foundation was set up in 1919 by Bernard Van Leer. He founded a small packaging company in the Netherlands that grew to become a world leader in the industry, providing him with the resources to pursue his philanthropic interests. The foundation’s site is here.