Major Humanitarian Project Loan Program


The Program

The Major Humanitarian Project Loan Program is a well-established, well-defined approach for channeling qualified project assets to U.S. Federal Tax Code qualified 501 (c) (3) organizations or qualified non-governmental organizations (“Recipient”) in such a manner that all interest holder participants are fully protected. Recipients must be able to write a tax receipt.


Recipient Requirements

Recipients are required to demonstrate ability to manage the project and show financial creditworthiness. The company will assist in structuring the financial project and in executing the process to funding completion..


Project Requirements

Recipient defined Projects must be humanitarian in nature and have sustainability. Projects must be completed within five years or staging to allow more increments to meet time requirements. Minimum Project size is $150 million including applicable soft costs. Projects may be located in US friendly countries through a NGO. Outside the US projects may include infrastructure as appropriate and qualifying for the humanitarian effort.

Acceptable projects are asset based only. No funds are provided for research, salaries, endowments, operational expenses, etc. Typical projects include a housing, medical, and educational focus including FF&E as appropriate.



The program uses a specific non-negotiable methodology to ensure the proceeds are used as represented in the Request for Funds, and the chance of fraud is minimized. It is a loan to the Recipient for the total amount of the project including appropriate soft costs.

Applicable soft costs include such items as architectural/engineering fees, environmental reports, reimbursable fees, loan fees, 10% contingency reserve, and interest. The use of a loan structure makes the process manageable through responsible, independent third parties and fulfills benefactor requirements.

The loan is subsequently forgiven in exchange for a qualified tax receipt. The methodology includes a typical construction/asset acquisition approach to development projects with typical AIA draw down schedules



Recipient (or a third party – named a Sponsor) shows financial capacity, i.e. creditworthiness, by providing a collateral-banking transaction arrangement for one year and one month; although, the project may take up to five years to complete. After the initial Sponsorship, all appropriate insurance coverage must go into effect.

This bank transaction may take several forms and is arranged with and through tier one banks (both Receiving & Issuing) operating in the US, Canada, Singapore or Western Europe. The Receiving Bank is providing a bank undertaking with full bank responsibility for the safe return of the transaction documents to be unencumbered and clear.

Upon agreement with the Sponsor and completion of the Sponsorship transaction, project funds are deposited in a designated. AA+ rated bank, in-full and up-front, under the control of a third party major accounting firm such as KPMG or Ernst & Young. The CPA handles draw requests and authorizes the bank trust department to pay project costs through project completion.

The loan is nonrecourse. Assets are donated in logical stages or upon completion – Tax receipts are provided as agreed in logical segments. These tax benefits belong to the benefactors.