Dear Friends of the Flax Trust

We are in the process of restructuring Flax Trust/America. Instead of an interest in many projects from housing to training, to business incubation, to neighbourhood centres, the Arts and medical centres, we have decided to concentrate our focus on two major projects.

The first project is an investment program called Ulster Community Investment Trust (UCIT) set up by the Flax Trust in Ireland. UCIT has to date invested in over 100 projects in the North and South of Ireland.  It has invested over $30m. The projects are all community based, addressing community needs from job creation to medical care, to housing, to sport and the Arts. In a world of collapsing investments, UCIT has remained strong, its return on investment secure. It is now in the process of offering its investment portfolio to interested investors who want their investment to do something worthwhile in Ireland, to be secure and to have a moderate return.

Besides the Investment Program, we will be supporting the Flax Trust initiative which is called the School for Social Entrepreneurs. We want to make sure that each graduate from the School has U.S. college experience. This year up to sixteen graduates will attend an intensiveseminar experience at Fordham University. Our role in the work of Flax Trust is as urgent as ever, making sure that the peace achieved is built to the benefit of both communities.