CAFAmerica to distribute royalties from Bob Dylan's Christmas
album to UK charity Crisis
11 December 2009
A “Donor Advised Fund”
(DAF) administered by CAFAmerica will be used to channel some of
the royalties for charitable donations from sales of Bob Dylan’s
new Christmas album, ‘Christmas in the Heart’.
A DAF with CAFAmerica allows donors in the US to support and
manage global philanthropic initiatives and to give tax effectively
across borders.
Columbia/Epic, a label of Sony Music Entertainment, have opened
a DAF for the sole purpose of donating royalties from Bob Dylan’s
‘Christmas In The Heart’, to make grants to Crisis, one of the UK’s
leading charities, dedicated to ending homelessness by delivering
life-changing services and campaigning for change. CAFAmerica will
also help Bob Dylan to support other charities outside the US.
Royalties from the album will be donated to charity in
perpetuity and ‘Christmas in the Heart’ album has already raised
$125,000 for charity.
CAFAmerica CEO Susan Saxon-Harrold said, “We are thrilled that
CAFAmerica will be able to assist Columbia/Epic and Bob Dylan in
supporting grants to Crisis and other charities in the United
Kingdom and United States. Bob Dylan’s generosity, lending both his
name and his music to this noble effort, will ensure that thousands
of people do not go hungry during the holiday season. CAFAmerica is
delighted to find a charitable solution to assist Bob Dylan and his
record company in supporting the causes they are committed to
globally.
“Supporting a charitable initiative like this one in perpetuity
is a bold move and is likely to result in a real difference in
lifting people out of poverty.”
Bob Dylan announced that royalties in perpetuity from sales of
his first ever Christmas album will be donated to Feeding America a
charity in the US, as well as two UK based charities Crisis and the
World Food Programme. Crisis estimates that the initial proceeds of
the donations will provide 15,000 meals for homeless people in the
UK over Christmas, as well as 500,000 meals for schoolchildren in
the developing world.
Commenting about the grants, Bob Dylan said, "The problem of
hunger is ultimately solvable, which means we must each do what we
can to help feed those who are suffering and support efforts to
find long-term solutions.”
Notes to editors
1. For more information about the Dylan Christmas album, please
visit Bob Dylan’s website.
2. Charities Aid Foundation America (CAFAmerica) was founded in
1992. As a member organization of the United Kingdom based
Charities Aid Foundation network of offices, which provide
charitable financial services to individuals, global corporations,
charities, and foundations. CAFAmerica is dedicated to expanding
borderless charitable giving by providing guidance and
international grant making solutions for donors and charities.
Together with its UK subsidiary for dual US/UK taxpayers, the CAF
American Donor Fund makes over $40 million in grants to charities
in 76 countries around the world. CAFAmerica’s range of charitable
solutions include Donor Advised Gifts, Donor Advised Funds,
Matching Donor Advised Funds, Designated Funds, bequest planning
and a ‘Friends of’ Charity Fund.
3. In October 2009, CAFAmerica made the Chronicle of
Philanthropy’s “Philanthropy 400” list of U.S private fundraising
charities.
4. Find out more information on the DAF and CAFAmerica
5. For more information from CRISIS, please
see their press release on the subject.
Media contact
James Ketchell
T: 03000 123 214
E: jketchell@cafonline.org