Acumen Fund is a global non-profit venture fund serving the four billion people living on less than $4 a day. The aim is to create a blueprint for building financially sustainable and scalable organizations that deliver affordable, critical goods and services that improve the lives of the poor. Jacqueline Novogratz is the founder and CEO of Acumen Fund. A non-profit organization (often called non-profit org or simply non-profit or not-for-profit) can be seen as an organization that doesnt have a goal to make a profit. ... Kevin Jones Definition- A Poor Motherfucker ... Jacqueline Novogratz is CEO of the Acumen Fund, an innovative non-profit that is seeking new ways of tackling poverty, primarily by supporting entrepreneurs who are delivering services to those earning less than $4 a day. ...
Acumen Fund claims that it seeks to set the global standard for how to effect wide-reaching social change in poverty alleviation and private sector development by: This article needs to be wikified. ... The private sector of a nations economy consists of all that is outside the state. ...
Identifying extraordinary social enterprises with innovative approaches to serving the world’s poor in the areas of health, water, and housing;
Supporting these enterprises to become financially sustainable and scalable with equity and debt financing and intensive management support;
Creating the standard for measuring the social and financial returns of these investments and establishing a position of thought leadership based on these successes;
Building a global community of professionals (staff and Fellows), donors, institutional partners and social entrepreneurs capable of deploying financial, human and intellectual capital to solve some of the most intractable problems of poverty.
Since its start five years ago, Acumen Fund has begun to prove that it can raise large amounts of philanthropic capital ($30m + since inception) and cost-effectively invest this money in enterprises that will both achieve high impact social change and return capital for future investments. As of March 31, 2006, Acumen Fund had $11m in investments under management in the following countries: India, Pakistan, Kenya, Tanzania, Egypt and South Africa. It has additional commitments approved by its investment committee of $8m in new investments pending final documentation. By year end, Acumen Fund seeks to have $20m in investments under management. Social enterprises are organizations which trade in goods or services and link that trade to a social mission. ... Houses in Fishpool Street, St Albans, England For other meanings of the word house, see House (disambiguation). ... Invest redirects here. ... A donor in general is a person that donates something. ...
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