Chart: How Many Children Could be Helped if Frozen Charitable Funds Were Released?

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Date: 
November 9, 2009

The Office of Foreign Assets Control report for 2009 indicates up to $19.8 million in assets have been frozen for individuals and entities on its watchlist. There is no public information on how much of that comes from charities, but news reports indicate at least $7 million in U.S. charitable assets are frozen.

Instead of the money remaining frozen at Treasury, the money could be used to help millions of children and families in need. As an example, we used statistics from the US Fund for UNICEF* to illustrate how frozen funds could be used for immunizing children, clean water and shelter for displaced families.

 

If the $7-19.8 million in charitable donations were released to the US Fund for UNICEF*:

 

Aid Benefit and Cost

Cost Per Child/Family

If $7 million in frozen charitable funds would be released:**

If $19.8 million in frozen charitable funds would be released:**
41 children receive basic health supplies for $25  $0.61/child  11,480,000 children helped  32,472,000 children helped

2 children immunized from the 6 leading child-killing diseases; measles, polio, diphtheria, whooping cough, tetanus, and TB for $34

 $17/child 411,764 children immunized 1,164,706 children immunized

174 children receive polio vaccine for $100

 $0.57/child 12,180,000 children vaccinated 34,452,000 children vaccinated
118 children receive wool blankets for $450  $3.81/child 1,835,555 children helped 5,192,000 children helped

555 children receive sachets of ready-to-eat therapeutic nut spread to nourish children with severe malnutrition for $150

 $0.27/child 25,900,000 children helped 73,260,000 children helped

1 family provided a sturdy tent for $733

 $733/family 9,549 families helped 27,012 families helped

60 families receive a basic family water kit for $883

 $14.72/family 475,651 families helped 1,345,413 families helped
400 children receive a School-In-A-Box kit to help resume education for children affected by natural disasters for $1,160  $2.90/child  2,413,793 children helped 6,827,586 children helped

* http://volunteers.unicefusa.org/activities/fundraise/

 

**The Office of Foreign Assets Control report for 2009 indicates $19.8 million in assets have been frozen for all individuals and entities on its watchlist. There is no public Treasury information on how much of that comes from charities, but news reports indicate at least $7 million in U.S. charitable assets are frozen.