K.FUND launches a humanitarian effort to preserve and provide for the people of Ukraine

K.FUND, founded by Vasyl Khmelnytsky, launches a humanitarian effort to combat the devastating consequences of Russia’s military aggression in Ukraine. Nicholas Tymoshchuk, CEO of UFuture investment holding, will lead the fund. The supervisory board includes Vazil Hudak, former Vice President of EIB and now advisor to the Czech National Development Fund, Michal Tomasz Kaminski, Deputy Marshal of the Polish Senate, and Arturo Brice, Professor of Finance at the International Institute of Management Development (IMD) and Director of the IMD World Competitiveness Center.

For more than three weeks, a full-scale invasion by Russian forces has been underway in Ukraine. Russia is bombing Ukrainian cities, destroying residential blocks and maternity wards, TV towers, hospitals, schools, and theaters. Thousands of Ukrainians have already been killed, including 109 children. People are shocked and seek safety and protection. Hundreds of thousands of people have no access to water, food, electricity, communication, etc. Humanitarian needs are increasing on an hourly basis.

Thus, K.FUND’s management has decided to focus its activities entirely on humanitarian aid. The fund’s primary mission is to preserve and provide for Ukraine’s most valuable resource — its people. The fund is a non-profit, charity organization. For over seven years, K.FUND and its team have been implementing and supporting education and economic development projects, often in cooperation with international organizations and donors.

K.FUND accumulates resources in the EU. The fund collects donations and contributions from foreign partners, donors, and organizations, procures essential goods and services outside Ukraine, and then delivers them into the country. The fund focuses on the following areas: medicines and medical equipment, specialized food products for humanitarian disaster areas, elements of mobile energy infrastructure, and specialized transport.

The fund possesses a logistics ecosystem and trusted partners in Ukraine to deliver aid directly and timely to where it is needed the most. K.FUND cooperates closely with municipal and civilian public administrations and volunteer organizations. The following partners have already joined the fund: Nova Poshta, KPMG, Ukrzaliznycia, and FTI Consulting.