CIFF meaning in Business ?

Answer:

What is Children's Investment Fund Foundation mean?

The Children's Investment Fund Foundation (UK) (CIFF) is an independent philanthropic organisation with offices in Addis Ababa, Beijing, London, Nairobi and New Delhi. It is a registered charity in England and Wales and in 2018 disbursed $232 million. With assets of GBP £5.2 billion (USD $6.6 billion), it is the 5th largest global development philanthropy in the world. It is also the world's largest philanthropy that focuses specifically on improving children's lives.

CIFF was established in 2002 by Sir Chris Hohn and wife, Jamie Cooper-Hohn as the philanthropic arm of Hohn's hedge fund, the Children's Investment Fund Management (TCI Fund Management), which in 2019, topped the list of the most profitable hedge funds in the world. By utilising a hybrid fund-and-foundation model, Hohn sought to bring a private sector-like approach to philanthropy with intellectual rigour and commercial acumen to attain clear returns for children from the outset. The foundation's approach emphasises a high appetite for risk to invest in bold ideas for transformative and scalable solutions and reliance on high-quality data and evidence. It has pioneered the use of several innovative financing tools and catalytic funding mechanisms within development contexts and has become one of the leaders in venture philanthropy for global development.

Jamie Cooper-Hohn managed CIFF until 2013 when Michael Anderson was appointed Chief Executive Officer. The CEO is now Kate Hampton, a key figure behind the creation of the 2016 Paris Agreement.

The Children's Investment Fund Foundations is within the Partner Circle of the Foundations Platform F20, an international network of foundations and philanthropic organizations.

reference

Full Form	Category
Children's Investment Fund Foundation	Business
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