Background
The Romanian-American Foundation came into being in 2009, after approval by the US Congress. The Foundation grew out of a 1994 U.S. government grant of $50 million establishing the Romanian-American Enterprise Fund (RAEF), to support Romania’s transition to a free market economy. Operating under the provisions of the SEED Act (Support to East European Democracy), RAEF’s fusion of investments and development activities in over fifteen years of active presence in Romania resulted in the Foundation’s $50 million endowment, expected to grow up to over $100 million in the coming years
Mission
The Romanian-American Foundation’s mission is to strengthen and promote conditions for a sustainable market economy and a democratic society that provide access to opportunities for all segments of the population in Romania
Geographic focus
Romania
Programme areas
Entrepreneurship
Education
Community Development
Applied research
Technological innovation