Hometown Investment Trust Funds by Naoyuki Yoshino & Sahoko Kaji

Author:Naoyuki Yoshino & Sahoko Kaji
Language: eng
Format: epub
Publisher: Springer Japan, Tokyo

3 Five Cases for Recovery: The “Securité Disaster Area Support Fund”

3.1 Outline and Basic Mechanism

I will now explain the Securité Disaster Area Support Fund as an example of a fund’s use in the field of earthquake disaster relief.

The Securité Disaster Area Support Fund was used by 37 companies to set up 38 funds in four prefectures from Hokkaido to Fukushima, which were hit by the earthquake disaster of March 11, 2011. The total amount to be raised by the fund was 1.1 billion yen, of which approximately 900 million yen has been realized as of October 2012.

As illustrated in Fig. 3.6 the basic mechanism of the fund is similar to the other silent partnership investment funds. However, the unique characteristic of the Securité Disaster Area Support Fund is that the single lots of 10,000 yen are split into a 5,000-yen investment and a 5,000-yen charitable donation, with half of the amount being provided as a donation for which no return is necessary. Some examples of the main activities that the fund has actually enabled are described below.

Fig. 3.6Examples of the main activities that the fund has enabled

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