Business Barbados - 2023 Edition

arbados benefits significantly from the generosity of non-nationals who give to local charities and augment critical government initiatives. These many globally influential and wealthy non-Barbadians have established homes and businesses here. Recent research estimates that non-national philanthropists have contributed in excess of US$100 million to social programmes in Barbados over the last 10 years. Some significant impacts include: COVID-19 Response In 2020 and 2021, over US$13 million was contributed to Barbados’ response to the COVID-19 pandemic by The Maria Holder Memorial Trust, Derrick Smith, Michael Tabor, John Magnier, J.P McManus and the Sandy Lane Charitable Trust, including PPE, respirators and vaccines. In March 2020, The Barbados Community Foundation, funded primarily by non-national donors, in response to the COVID-19 pandemic provided basic needs support for those who lost income sources, purchasing and distributing PPE and medical equipment and supplies, and implementing food security strategies. Health The Substance Abuse Foundation Inc. established its treatment centres at Verdun House in June 2000 and Marina House in October 2015. They are a leading internationally accredited health institution, providing critical intervention and recovery services to individuals suffering from the disease of addiction. The Julia and Hans Rausing Trust has provided major support to the organization for over 20 years. Marina House was made possible by a gift from The Maria Holder Memorial Trust. The The Diabetes and Hypertension Association of Barbados and the Maria Holder Diabetes Centre for the Caribbean was funded by the Medicore Foundation and is still supported by The Maria Holder Memorial Trust. Major funding has gone into this, and diabetes is a severe crisis in the Caribbean, especially in Barbados. In 2017, there were 38,800 cases of diabetes in Barbados (International Diabetes Federation, 2021). Education The Maria Holder Memorial Trust has made a significant contribution to the development of Early Childhood Education in Barbados. The trust committed to constructing six additional Non-national Philanthropy Makes a Major Impact in Barbados Peter N. Boos FCA Founder, The Peter & Jan Boos Family Foundation B P H I L A N T H R O P Y 119 BUSINESS BARBADOS 2023