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Romanian-American Foundation

Romanian-American Foundation

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Last update: Dec 6, 2024 Last update: Dec 6, 2024
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Details

Legal residence:Romania
Organization type:Grant-making Foundation / Charity
Funding agencies:Other
 Other
Sectors:Education, Information & Communication Technology, ...
See more Education, Information & Communication Technology, Science & Innovation
Nr. of employees:11-50
Sanctions:Check now
Status:
Active

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About

The Romanian-American Foundation came into being in 2009, after approval by the US Congress. The Foundation grew out of a 1994 U.S. government grant of $50 million establishing the Romanian-American Enterprise Fund (RAEF), to support Romania’s transition to a free market economy. Operating under the provisions of the SEED Act (Support to East European Democracy), RAEF’s fusion of investments and development activities in over fifteen years of active presence in Romania resulted in the Foundation’s $150 million endowment.

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