“Social responsibility of First Investment Bank” fund

“Social responsibility of First Investment Bank” fund was established through a contract signed between Workshop for Civic Initiatives Foundation and First Investment Bank in November 2004.

The fund’s establishment is an extremely big break and precedence in the relations between Bulgarian corporate business and the non-governmental sector in Bulgaria. For the first time a Bulgarian bank puts a leading Bulgarian NGO in charge of a special financial fund. The money from the fund are distributed on a tender principle in order sustainable results to be achieved.

The fund is devoted to the problems of adaptation and preparation for independent life of children from orphanages in Bulgaria.

Apart from the fund each May, starting from 2005, First Investment Bank organizes a day of the open doors for the school leavers from orphanages.

2005
The first session of the fund was announced on 01.12.2004 and 65 projects from 39 towns and villages applied at the fund by 17.01.2005. Following a careful examination on behalf of WCIF grant’s committee, FIB commission and WCIF board of trustees five projects were approved.