The Romanian-American Foundation was founded in 2009, as a successor to the Romanian-American Enterprise Fund (RAEF). Created in 1994 by the United States Congress and funded through the U.S. Agency for International Development (USAID), RAEF pioneered a combination of investment and development activities that proved very successful in the Romanian market place. At the end of its mandate, RAEF returned half of the initial grant to the U.S. Treasury Department, the remaining half and all the profits generated constituting the endowment for an in-perpetuity foundation. RAF’s current endowment has reached 150 million USD.

The Romanian-American Foundation is emblematic of America’s enduring commitment to the Romanian people and Romania’s historic transition to a market-based economy.

1994

The Romanian-American Enterprise Fund (RAEF) was established by the United States Congress and funded through the U.S. Agency for International Development (USAID) under the Support for Eastern European Democracy (SEED) Act.

2008

USAID accepts RAEF’s liquidation plan to allow for the establishment of the Romanian-American Foundation, a U.S. in-perpetuity foundation with an initial endowment of 50 million dollars expected to reach 150 million dollars. The endowment comprises half of the initial grant and all the generated profits.

2009

Creation of the Romanian-American Foundation. In September 2009, RAF approves the first grants.

2010

RAEF returned 25 million dollars to the U.S. Treasury Department.

2014

Through inflows from RAIF’s portfolio, RAF endowment reaches 70 million.

2017

Through inflows from RAIF’s portfolio, RAF endowment reaches 100 million.

2018

Through RAIF-related capital, RAF endowment stabilized at 150 million.

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