Here is some information directly from the website about this new fund and its purpose:
President Barack Obama asked President Bill Clinton and President George W. Bush to raise funds for immediate relief and long-term recovery efforts to help those who are most in need of food, water, shelter, medical care, and support. In response, the two Presidents established the Clinton Bush Haiti Fund (CBHF) to identify and fulfill unmet needs in the region, foster economic opportunity, improve the quality of life of those affected over the long term, and assist the people of Haiti as they rebuild their lives and country.
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