The Albanian-American Development Foundation (AADF) supports the development and expansion of a market economy and democratic society in Albania. It represents a strong tradition of friendship and goodwill between the United States and Albania and promotes the exchange of ideas and experience between people of both countries.
The AADF is a not-for-profit corporation established in the State of Delaware, USA, with 501(c)(3) status granted by the Internal Revenue Service. It was created by the Albanian-American Enterprise Fund (AAEF) with the support and encouragement of the United States Agency for International Development (USAID) and the United States Government. The Foundation is governed by a Board of Trustees and maintains offices in Tirana, Albania and New York, New York.
The AAEF created the Foundation in accordance with the provision of the Support for East European Democracy Act of 1989 (SEED ACT), which limits the investing life of the AAEF, and requires the establishment of a “legacy organization” using the proceeds of liquidated investments to continue the Fund’s mission of promoting private sector development and to serve as a symbol of the United States’ friendship to the people of Albania.
The Foundation will continue the Fund’s mission to support private sector development using different tools. It will also serve as a symbol of United States commitment and contribution to the democracy and well-being of the people of Albania.
Mission and Guiding Principles
The Foundation’s mission is to facilitate the development of a sustainable private sector economy and a democratic society in Albania, and to contribute to stability in Southeastern Europe.
In all of its activities, the Foundation is guided by these principles:
To seek out areas of particular need not served by others.
To create measurable and timely impact.
To operate with unchallenged integrity, honesty, and transparency.
To develop a close cooperative working relationship with the U.S. Government and the Government of Albania.
The following criteria are applied in selecting activities to pursue:
The programs of the Foundation must fall within the parameters of the SEED Act.
The programs of the Foundation must fill a demonstrated need.
Foundation activities will not duplicate the work of others.
The Foundation will choose to work on matters that it is in a unique position to address.
The maximum number of Foundation dollars are to be devoted to program rather than administration.
The Foundation will be committed to supporting programs which will result in maximum benefit for every dollar spent.
The programs of the Foundation will have measurable, demonstrable, defined results.
The Foundation will be run like a business in that it will be accountable and transparent and will evaluate its programs using qualitative and quantitative measures.
Areas of Activity
The AADF Board believes that a foundation with meaningful resources can make a major contribution to Albania’s continued transition and progress toward democracy and economic stability, serve as an important continuation of the Albanian-American Enterprise Fund’s accomplishments to date, and represent an enduring legacy and symbol of U.S. commitment to an important ally. The Foundation has the opportunity to play a major role in the continuing development of Albania.
The AADF program will concentrate on four areas:
-Education for Sustainable Development: Education has been identified as the single greatest stumbling block to economic development in Albania.
-Entrepreneurship: This area of activity will complement the AAEF’s achievements in business development and encompass programs and training initiatives for present and future executives, entrepreneurs and leaders in the public and private sectors.
-Leadership Development: The AADF will support reform in the public sector by providing opportunities for education, training and the exchange of ideas both for those already serving in leadership positions and the leaders of the future.
-Support for Cultural Tourism and Eco-Tourism: One of the chief attractions for tourists who visit Albania is the country’s rich cultural and natural heritage. But these are fragile assets which can be permanently damaged if not properly managed. The AADF will support the development of these sites as tourist destinations and economic development vehicles for the surrounding areas while also assisting in the preservation of the assets for future generations.
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