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Money Management Executive

Fund to Provide Humanitarian Aid To Iraq

March 26, 2003, 1:00 a.m. EST 1 Min Read

Socially responsible Pax World Balanced Fund is giving investors the opportunity to contribute investment proceeds to provide humanitarian aid to Iraq. Through its affiliate Mercy Corps, a relief and development organization operating in the Middle East, Pax World will help provide refugees with food, shelter and sanitation facilities. Mercy Corps will also establish medical clinics for displaced families, and help to rebuild the infrastructure of the nation once the conflict has ended.

"Many investors are attracted to Pax World Funds because they want to take a positive approach to dealing with the world's ills, working to foster peace wherever possible," said Pax World Funds President Thomas W. Grant. "Pax World Balanced Fund shareholders have a unique opportunity to help Iraqi civilians recover from the effects of war and find a way to make peace work."

Investors can make a voluntary contribution from their capital gains or dividends of any amount, up to 100%. Mercy Corps estimates that a contribution of $500 could provide lifesaving medicine for 300 Iraqi children cut off from health care, while $2,750 would buy a 10,000-liter water tank able to provide water for 333 people in a refugee camp.

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Money Management Executive
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