Legatum, the Dubai-based private investment group behind the Freedom Fund, Luminos Fund, and the End Fund, has announced it has secured more than US$30m in commitments for a new humanitarian initiative to support frontline NGOs.
By delivering micro-grants to grassroots organisations working on the frontline of crisis response, the Resilio Fund seeks to shift power to frontline responders and build long-term resilience and autonomy within communities, subverting the traditional top-down approach of humanitarian funding, which is often hostage to bureaucracy and external controls.
Coming at a time when many international donors are cutting their overseas aid budgets, the Resilio Fund is a bold statement.
“It feels like both a good time to be doing this and the right thing to be doing at this time,” said Guy Cave, president of the Legatum Foundation, which is providing US$10m to Resilio. The other anchor donors are the Vitol Foundation, UBS Optimus Foundation, and the Irene M Staehelin Foundation, with more to be announced shortly, Cave said.
“It’s not just about doing the good humanitarian community-led work,” he explained. “But it is also about getting to such a scale that the humanitarian system kind of takes note, that this is actually possible to get behind what communities are doing and to do at scale.”