Caoba Foundation

At Caoba, we feel a strong sense of commitment to our community. Since our firm's inception, we created the Caoba Foundation, or Fundación Caoba, with the purpose of donating a substantial amount of our yearly profits to education projects in our home country, El Salvador.

Since 2008, Fundación Caoba has supported Fundación Gloria de Kriete (www.fundaciongloriakriete.org) with an annual US$50,000 award for outstanding education projects. In addition to the monetary award, our staff visits the projects and spends time with the recipients. In some cases, Caoba Foundation's involvement and financial support has continued beyond the award granting, spanning other fundraising and development activities.

FGK 2014 AWARD

The 2014 Caoba Foundation Education Award for US$50,000 was granted to World Vision El Salvador (www.wvi.org/el-salvador) for the creation of twelve Kids Clubs in four high-risk communities with strong gang influence in Soyapango, San Salvador. The project intends to foster child development through two lines of action: 1) Equipment of facilities for the Clubs; and 2) Implementation of the Kids Clubs focusing on reinforcement of basic language and mathematic skills, development of life skills, and promotion of moral values and free expression through art.

FGK 2013 AWARD

The 2013 Caoba Foundation Education Award for US$50,000 was granted to Asociación de Proyección Social de la Fuerza Armada, an organization aiming to promote of entrepreneurship amongst spouses of soldiers in the Salvadorean army, who earn very modest incomes, in order to ensure the household’s financial sustainability. The award was granted to a project which included the training of 540 spouses in various areas including cosmetology, sewing and dress-making, bakery and gastronomy. The trainings were provided by INSAFORP, the National Institute for Professional training, including 100 hours per attendee.

FGK 2012 AWARD

The 2012 Caoba Foundation Education Award for US$50,000 was granted to Asociación Pequeñas Apóstoles de la Redención for a project consisting in the construction and equipment of four classrooms with total capacity of 140 students and a basketball field located in a rural area in Jucuapa, Usulután.

FGK 2011 AWARD

The 2011 Caoba Foundation Education Award for US$50,000 was granted to Fundación Ayuda en Acción (www.ayudaenaccion.org) for their project "Mejora de la calidad educativa en el municipio de Coatepeque" oriented to the construction and equipment of three classrooms and toilets in an elementary school located in a remote rural area in Coatepeque, Santa Ana. This project is expected to increase the school's capacity in order to receive 116 additional students.

FGK 2010 AWARD

JOVESOLIDESIn 2010, Asociación de Jóvenes Hacia la Solidaridad y el Desarrollo (www.jovesolideselsalvador.org.sv, JOVESOLIDES) won the US$50,000 Caoba Foundation Education Award. Created in 2001 by college students with the help of several international aid organizations, JOVESOLIDES began the University Residential Project to provide youths from rural areas in El Salvador and limited resources with accommodation in the city during school terms to enable access to a college education. The award was oriented to the construction of the second floor of the main university residential building, which will function as a multiuse area where tutoring, seminars, forums, and social activities for the resident students will take place.

FGK 2009 AWARD

FGK 2009 AwardIn 2009, the Caoba Foundation Education Award went to Fundación Educando a Un Salvadoreño (FESA, www.fesaelsalvador.com). Since 1995, FESA has been fostering young baseball and soccer talents in their High Performance Center, offering coaching and training in addition to academic and integral education. With a vision towards developing exemplary athletes that can be positive role models in their environments, FESA has provided its holistic education model to hundreds of Salvadoran youths. Currently, 11 FESA graduates have signed contracts with Major League Baseball teams and 11 soccer players are in Spanish, Mexican, Colombian and MLS soccer clubs.

FGK 2008 AWARD

FGK 2008 AwardIn our first year collaborating with Fundación Gloria de Kriete, Fusalmo (www.fusalmo.org) was selected as the winner of the US$50,000 Caoba Foundation Education Award for their program helping youth develop entrepreneurship and workplace skills. The project included two stages: (1) a technology training center focused on software, graphic design, web design, IT and computer repair; (2) a business incubator that allows entrepreneurs to rent the computer equipment they need to develop their businesses. This program benefited 1,800 youths from the Don Bosco Integral Youth Program and an additional 300 outside youths.