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Mr. Jagtani has pledged that the foundation will be financed entirely by proceeds incurred from HJ Group’s various business activities. However, the Foundation is open to partnering with other private sector actors, the Congolese government, foreign governments and international funds and charities in order to mobilize the funds and personnel necessary to accomplish large-scale humanitarian projects with significant social impact.
When it comes to the usage of funds, a minimum efficiency rate has been set at 80%, meaning that the vast majority of funds must directly touch the lives of those in need, with a maximum of 20% earmarked for overhead like personnel salaries and benefits, marketing and office space.
HJ Foundation looks forward to making a significant impact on the country’s future.