Island Capital Group’s Charity Reaches $125k Milestone

Posted by on May 3, 2018

Hurricanes Maria and Irma proved to be some of the most devastating natural disasters that the Caribbean has seen to this date. Some islands that were ravaged by these hurricanes include Anguilla, Barbuda, the British Virgin Islands, Puerto Rico, Saint Barts, Saint Maarten, and the US Virgin Islands. Although it’s easy for those not affected to move on from this disaster, it’s not so easy for many of the Caribbean islands to recover

That’s when IGY Marinas and Island Capital Group, both owned by Andrew L. Farkas, stepped in. Already known for his philanthropic work, Andrew Farkas made the decision to create the NYC Eastern Caribbean Relief Fund. This charity was made with the sole purpose of helping out Caribbean islands that are still facing the aftermath of Hurricanes Maria and Irma.

Although NYC Eastern Caribbean Relief Fund was just created in September of 2017, it has already raised $125,000. The charity’s end goal is to raise at least $5,000,000 to help bring resources back to the area. Every penny counts, as fewer tourists have been visiting these islands due to the consequences of the hurricanes. The tourism industry is extremely important to these islands and is what helps boost its economy.

Most importantly, locals rely on the yachting community as a form of transportation that can provide resources during this time. However, the rate of homelessness due to these hurricanes is still at an all time high. Donations made to the NYC Eastern Caribbean Relief Fund would result in more resources that can be brought into the islands by yacht.

Andrew L. Farkas has always been extremely invested in philanthropy and giving back to the community. He has put forth tremendous effort in helping communities just like the Caribbean islands, especially when they need it most. With the guidance of Andrew Farkas, IGY Marinas and Island Capital Group will continue to use NYC Eastern Caribbean Relief Fund as a resource to help those who were affected the most by Hurricanes Maria and Irma.

To make a donation and find out more about NYC Eastern Caribbean Relief Fund, visit their site here.