Jamaican Billionaire Michael Lee-Chin Launches $2M Relief Fund For Beryl Recovery

Michael Lee-Chin, a Jamaican-Canadian businessman and one of the world’s Black billionaires, has established a $2 million disaster relief fund through the N.C.B. Foundation, the philanthropic arm of The National Commercial Bank Jamaica Limited.

This charity endeavor, which aims to help areas devastated by Hurricane Beryl, demonstrates Lee-Chin’s dedication to supporting his hometown during times of distress.

Hurricane Beryl, a Category 4 storm, devastated Jamaica, especially St. Elizabeth, Hanover, and Manchester parishes. In response to the immediate need for aid, the NCB Foundation’s relief fund will assist individuals and families dealing with the impact of the calamity.

“We are deeply concerned for our fellow Jamaicans who have suffered emotional and financial losses as a result of the hurricane,” said Michael Lee-Chin, Chairman of NCB Financial Group Limited (NCBFG). He invited customers, corporate entities, the general public, and the Jamaican diaspora to support the initiative, highlighting NCB’s commitment to matching donations.

The $2 million relief fund, which began with an initial gift of J$20 million ($0.13 million), has garnered acclaim from Jamaican officials, who recognize the crucial role such initiatives play in supporting recovery efforts.

The NCB Foundation intends to use its broad network to ensure that donations are allocated quickly to individuals in desperate need, working in partnership with approved charity organizations.

NCB Financial Group Limited (NCBFG), the parent business of National Commercial Bank Jamaica, has been a cornerstone of Jamaica’s financial scene since 1837. With assets of J$163.17 billion ($1.05 billion) and a strong market presence, NCBFG remains committed to furthering Jamaica’s social and economic growth through strategic philanthropy and community participation.

As Jamaica begins to rebuild in the aftermath of Hurricane Beryl, the NCB Foundation’s $2 million disaster relief fund and matching donation program serve as a beacon of hope. Michael Lee-Chin’s leadership emphasizes the importance of working together to support vulnerable communities during difficult times, reinforcing NCBFG’s dedication to its role as a catalyst for positive change in Jamaica.

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