Global Albanians Foundation was legally established in June of 2018, as a separate organization in the USA and it received the 501(c)(3) status, although the idea for the Foundation derived from a convergence of thoughts from Germin, Massachusetts Albanian American Society (MAASBESA), and Albanian American Women’s Organization – Motrat Qiriazi (AAWO).
This provided the legal foundation for the GAF to begin to work on a larger scale with the large Albanian Diaspora to provide sustainable financing through crowdfunding and online donations for high impact and innovative Albanian not-for-profit organizations. We strongly believe that the not-for-profit sector in the Western Balkans plays a critical role in strengthening and advancing the civic, economic, and social development.
CHANGING THE PURPOSE OF ALBANIAN DIASPORA FINANCING
Historically, the Diaspora’s main financial contribution has been through remittances. However, remittances have declined as the Diaspora has become more established outside of Albania and Kosovo. A the same time, because incomes are much higher in the destination countries than in the countries of origin, there is no doubt that most Albanian wealth is concentrated in the Diaspora. The purpose of the GAF is to attract some of this wealth back into the region to promote its economic and social development.
Therefore, GAF provides a necessary institutional mechanism to donate in their country of origin. At the same time, they would provide financing for not-for-profit organizations who are likely to see their traditional sources of revenues from international donors over the past 2-3 decades begin to decline.