U.S. Fund for UNICEF Bridge Fund

United States of America

Last updated 12 May 2020, by Impactyield.

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Fund geography

Global (48)

The U.S. Fund for UNICEF Bridge Fund (the "Bridge Fund") is an impact investment vehicle to help the U.S. Fund accelerate social investment support for UNICEF’s and its partners' work on behalf of the world’s children. The Bridge Fund, through a revolving grant fund, provides short-term capital to address timing gaps between when a donor pledges funds to UNICEF, and the receipt of those pledged funds. Because UNICEF's financial policies dictate that they may not borrow funds, they must have full funding or cash equivalent in-hand before securing contractual obligations. The Bridge Fund fills a vital role to address these constraints and helps UNICEF speed procurement, secure better pricing, deliver commodities or services more quickly, and provides a consistent flow of essential goods and services for children in need around the world.

Asset class


Fund style

Not listed

Financial description

The Bridge Fund offers two opportunities for investors: net worth grants and program-related investments term loans. These investment options provide supporters with new ways to advance UNICEF’s work on behalf of children. Investors provide 3-year or 5-year term loans at rates of up to 2.75%, receive annual interest payments, and the return of principal at the end of the loan’s term. Grantors contribute to net worth which is leveraged 3.5:1 to obtain impact investment loans.
Bridge Fund resources overcome timing gaps in UNICEF's procurement between a global funder's pledge of support and payment of its commitment to UNICEF. UNICEF receives funds up-front from the Bridge Fund to procure goods. Once the pledge is paid to UNICEF, the Bridge Fund up-front capital to UNICEF is reimbursed, allowing the Bridge Fund to secure additional bridge transactions.

12 years

of track record


the year funded

64,300,000 USD


SDG goals

SDG targets

Eradicate extreme poverty

Equal rights to ownership basic services technology and economic resources

Universal access to safe and nutritious food

Universal access to sexual and reproductive care, family planning and education

Free primary and secondary education

Safe and affordable drinking water

Key performance indicators

Fund overview

Asset manager: U.S. Fund for UNICEF In-Kind Assistance Corporation

Product track record: Fund has 12 years of track record

Target IRR: n.a.

Committed Capital: n.a.

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:


Inception year: 2011

Vintage year: 2012

Target region:

Target close date: n.a.

Product term: 3-year and 5-year terms

Assets under management: 64,300,000 USD (US Dollar)

Investment size: Min: 500,000; Max: 0; Avg: 3,000,000

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 26

Fund investments to date exited or repaid: 16

Management fee: n.a.

Carried interest: n.a.

Hurdle rate: n.a.

GIIN Investors' Council Investment: Yes

Limited Partners / Investors: U.S. Fund for UNICEF, Prudential Financial, Fidelity Charitable, Hull Family Foundation, Advance Trade Growth Fund LP, individual philanthropists

Limited Partner / Investor Type: Endowments/Foundations, Family Office, Other Institutional Investors, Retail Investors


E-mail: n.a.

Website: https://www.unicefusa.org/unicef-bridge-fund

Phone number: 212-880-9106

If you wish to have your details removed from this database please email gdpr@impactyield.com

Catherine Lozaw

Director, Strategy & Operations

Gabriella Morris

Senior Vice President

Impact Performance


Impact thesis

As an organization, UNICEF is prohibited from taking on debt. According to UN policy, UNICEF must operate on a cash or cash equivalent basis. Even with reliable pledges from long-term funders of UNICEF, actual payment can take weeks or even months. The Bridge Fund offers a solution to overcome this timing gap by bridging the receipt of pledges so that UNICEF or its partners may start the procurement process or program activity. The Bridge Fund provides an impact investment vehicle to help the U.S. Fund accelerate social investment support for UNICEF’s and its partners' work on behalf of the world’s children. By fast-tracking procurement or program activity, the Bridge Fund helps to ensure that essential commodities and services reach children in need in a more efficient, effective manner and sometimes at a lower cost. Once UNICEF receives the pledge payment from the funder, the Bridge Fund is reimbursed and its revolving pool of capital is ready to impact UNICEF’s work and contribute to saving children’s lives.

Impact Management


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