BENEVOLENT FOUNDATION ANNOUNCED IN TAHITI

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PAPEETE, Tahiti (Tahitipresse, Oct. 11) – The Temaru government announced plans Tuesday to create a multi-purpose Tahiti Nui Foundation with private funding of more than 100 million French Pacific francs (US$1 million).

This will be a philanthropic, scientific, social, educational, humanitarian and cultural foundation financed by eight of Tahiti’s biggest and wealthiest private businesses. They each represent a different commercial activity: Morinda International (health food), the Brasserie de Tahiti (beer and soft drinks), Electricité de Tahiti (electrical power), Wan Distribution (wholesale food distribution), Carrefour-Champion (hypermarket), Air Tahiti Nui (international airline) and the Banque de Polynésie and the Banque de Tahiti (banking).

The foundation will be created in mid-January and will eventually include 20 members, with 16 other businesses being added to the present list of eight, said Emile Vanfasse, the Temaru government’s minister of finance.

The foundation’s purpose will be to contribute to the development of Tahiti’s artistic patrimony, protection of the environment, and the spreading of Polynesian culture.

"This foundation will have the job of going beyond the actions usually proposed by businesses or associations," Vanfasse said. "Their impact will be much stronger."

October 13, 2005

Tahitipresse: http://www.tahitipresse.pf/index.cfm?lang=2

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