Donation of $1 Million to USVI Nonprofits

St. Croix Times Staff

The Anderson Stewart Family Foundation has announced a $1million donation to the Community Foundation of the Virgin Islands (CFVI), solidifying their long-term commitment to the Territory’s future. 

This significant contribution marks a new chapter in the Anderson family’s decades-long relationship with the U.S. Virgin Islands. Despite their recent divestment from local business interests, the family remains dedicated to leaving a lasting positive impact. The family in recent years sold their USVI and BVI wholesale beverage company holdings in: Bellows International, West Indies Company, Prestige Wine Group and a bevy of other USVI/BVI companies to the McEnery family, owners of Merchants Market. 

The establishment of a donor-advised fund at CFVI is designed to provide sustainable support for nonprofit initiatives across the Virgin Islands for generations to come. The Anderson Stewart family is committed to the philanthropic value of a fund’s longevity.  Unlike one-time grants, this fund will grow over time, with annual distributions made based on investment returns. This approach ensures a perpetual source of funding for local charitable causes. CFVI’s expertise in local needs and the nonprofit landscape will assist in guiding the distribution of funds generated by the investment income.

“On behalf of the Anderson family, we are truly honored to continue our 40-year investment in the Virgin islands,” said Richard Berry, spokesperson for the Anderson family. “During this time, we have been able to support dozens of nonprofit initiatives throughout the Territory, and we are excited to continue these efforts. We are looking forward to helping today and in future generations.”

CFVI President Dee Baecher-Brown expressed gratitude for the family’s generosity. “The Anderson family has a long history of supporting charitable initiatives in the Virgin Islands,” Baecher-Brown said. “The establishment of this fund reflects their desire to maintain a strong connection with the islands and ensure their name continues to be associated with positive change in the community, We are honored by their trust in CFVI and look forward to collaborating to assure a lasting impact across the islands.”

Since 1990, the CFVI has been a catalyst for positive change in the Territory through initiatives committed to youth, learning, family support, and the environment. With a professional staff and a volunteer Board of Directors composed of community leaders, CFVI is a trusted advocate and supporter of programs that ensure opportunity and sustainability for current and future generations. CFVI is a registered non-profit organization entirely supported by individual donors, grants, trusts, corporate donations and estate planning. For more information visit cfvi.net.