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The "Fund to support and compensate the Victims of the Blasts in Lebanon" was established on April 14th, 2005, as by an agreement signed by six organizations, including:

• Federation of the Chambers of Commerce, Industry and Agriculture in Lebanon
• The Association of Lebanese Banks
• The Association of Lebanese Industrialists
• The Association of Beirut Traders
• Federation for Tourism Industries in Lebanon
• Association of Insurance Companies in Lebanon (ACAL)

The Fund is a non-profit organization that aims at assisting the largest possible number of the institutions that were directly damaged by the recent terrorist explosions in Lebanon (starting from February 14th 2005). The Fund’s Board of Trustees, including members of the signatory parties, shall manage the Fund’s activities.

The Fund’s main financial resources are constituted of donations and aids from local, as well as, international parties.

Financial assistances shall be provided to victims of the blasts according to a selection mechanism set by the Board of Trustees, with the ultimate, sole aim of helping the largest possible number of damaged institutions in setting-off their productive activities.


Project Brief >> top

The establishment of the compensation Fund comes to express the civil society’s:
  • its strong rejection to these denounced terrorist events that sadly brought about irreplaceable human losses and significant damages affecting institutions and the economy as whole, and
  • its continuous support to the Lebanese people in their rightful struggle, their hard work, their determination to preserve the country's sovereignty and freedom, as well as to their insistence to maintain its democratic regime and to restore security, civil peace and national unity,
  • its deep belief that the Lebanese people, in Lebanon as well as abroad, always tend to unite and cooperate, especially in hard times;
  • and last but not least, its effective and important role in putting together the different efforts and initiatives;


Our Objectives >> top

  1. The Fund, and as by the priorities set by its Board of Trustees, mainly aims at helping the largest possible number of institutions that were directly damaged by the terrorist explosions.
  2. In order to achieve the above-mentioned purposes, the Fund shall organize different activities and programs.


Project Timeframe >> top

  1. The Fund is perceived to remain operational for the duration of one year, renewable by a decision from the Board of Trustees. The Fund's activities, however, could be terminated by the decision of two thirds of the Board members, even before the expiration of the original mandate.
  2. Any member organization is entitled to, and at any time, to withdraw from this agreement; for this purpose, organizations have thus to submit a letter to the Board of Trustees in which it expresses their intention.
  3. Upon the termination of the Fund's mandate or upon its dissolution for any reason, the Board of Trustees appoints one person or more to carry on, under the supervision of an Auditing Office, with the necessary procedures to "liquidate" the Fund. The Fund’s remaining money and net assets, and by the votes of two thirds of the Board of Trustees, shall be transferred to the institution or institutions deemed most qualified to carry on the objectives listed by the Fund.


Trustees >> top

  1. The Board of Trustees shall, and given the approval of at least two thirds of the organizations signatory of this agreement, encompass representatives of these latter, in addition to other members representing different potential candidate organizations.
  2. The Board of Trustees shall be responsible for drafting and amending the by-laws related to the executive committee and to the administrative body. The Board may appoint an executive manager who shall, and in cooperation with the administrative body, control and follow up on the activities of the Fund. The Board shall, as well, appoint an international auditing company.
  3. The Board of Trustees shall enjoy extensive prerogatives in order to achieve its purposes, non-exhaustively including designing the mechanisms for the distribution of aids and donations among the victims of the blasts.


Committees >> top

  1. All committees shall be formed by a Board of Trustees decision determining: its mission, functions, number of members, and its President who should be a member of the Board of Trustees. The committee shall follow in its meetings the agenda determined by the Board of Directors. Future committees might include: The Media Committee, Friends and Supporting Bodies Committee, Committee for Special Coordination with institutions in each region in case of future terrorist explosions.
  2. The adhesion to the committees is open for the members of the Board of Trustees who are, anyway, entitled cases to attend their meetings. The committees are entitled to ask assistance of any specialist they deem qualified
  3. The committees shall be invited to hold their sessions by either the president of the Board of Trustees, or their President or their secretary. The committee shall elect its secretary among its members during the first session it holds.


Management >> top

Within the framework determined in this agreement, the Board of Trustees, assisted by the executive committee when necessary, shall handle the and the management of the Fund.


Resources >> top

  1. The Fund shall accept donations, contributions and aids, whether in the form of cash or otherwise, from all local, foreign and international individuals, parties and organizations, or from any other source.
  2. Contributors, and through a clear declaration form, can dedicate their donations and aids to a specific region or specific industry, or to a specific party; otherwise, the Fund shall utilize the donation in the best way it deems appropriate to achieve its purposes.
  3. The Board of Trustees shall deposit the collected cash in one or more of the accredited banks operating in Lebanon and abroad. The Fund's money shall, once more, be spent according to its objectives determined here-above.
  4. The Board of Trustees shall award eligible candidates financial compensation, based on the applicant's needs as well as on the available resources. The Board of Trustees shall post all statements and on its special website.


Auditors >> top

In every case, after submission of the application, an adequate evaluation will be obtained from the Mac Larens consulting who are the ULSF's assigned consultants to estimate the cost and the help to be assigned to the applicant. A report per each case will be submitted to ULSF for consideration.


Apply ULSF >> top

Support line

Businesses and institutions that suffered from the explosions and seeking help should use the ULSF Supportline on:

Telephonist

961-1-353390 ext 319
Calls to the Supportline are all answered. Responsibles and professional deal with each of these vital  'first contacts'  with high sensitivity. If possible when you phone please collect together as many details as possible about your damages and cost evaluation.


If you are one of the damaged of the latest explosions, please do not hesitate to download the application (click here to download the PDF file 66KB)
And forward it to ULSF.

and send it to the Fund at:
Federation of Lebanese chambers of Commerce
1 Justinien street , CCIAB building, 12 th floor.
POBOX: 11-1801 Beirut , Lebanon
Phone : 961-1-353390 ext 319
Fax: 961-1-349614

















 



 
 
"Ask not what your country can do for you but what you can do for your country."


Gibran Khalil Gibran		  
 


If you are damaged from one of the latest terrorist explosions, and wish to get help and support from ULSF, please download the application (PDF) and fax it back to us: 961-1-349614. Please precise it is a PDF


Click here to Apply