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August 28, 2008 Skoll Foundation Extends Investments in Leading Social Entrepreneurs
PALO ALTO, Calif.—Aug. 26, 2008—The Skoll Foundation today announced additional investments in the inaugural 2005 recipients of the Skoll Award for Social Entrepreneurship, named two new recipients of the Award, and deepened its commitment to building out a global ecosystem to support social entrepreneurs. These new grants total $19.18 million. The follow-on investment in the 2005 Skoll social entrepreneur class is designed to help these organizations further drive systemic change in the regions in and issues on which they work and achieve sustainability. The new award winners, Teach For All (Teach For America) and Apopo, will each receive three-year grants of $1,015,000 and join the growing global network of Skoll social entrepreneurs, now numbering 61, who have created innovative, effective solutions for combating social and economic challenges worldwide. The Foundation has also deepened its relationship with the Santa Clara University’s Global Social Benefit Incubator and with Duke University’s Center for the Advancement of Social Entrepreneurship, reflecting the Foundation’s commitment to supporting the global ecosystem for social entrepreneurs. “We have had the chance to work closely with our initial group of Skoll social entrepreneurs over the last three years, helping us better understand both what is most effective in driving systemic change and what these innovators need to be successful,” said Sally Osberg, CEO of the Skoll Foundation. “The additional investments we’re making now show our continued support for the power of the social entrepreneurial model and our commitment to helping build a global network to support social entrepreneurs.” The Skoll Foundation’s flagship Skoll Award for Social Entrepreneurship (SASE) program identifies and supports social entrepreneurs who are effectively addressing key challenges in six critical issues: tolerance & human rights, health, environmental sustainability, peace & security, institutional responsibility and economic & social equity. Climate change, pandemics, access to water, nuclear proliferation and Middle East conflict are areas of special urgency. The inaugural 2005 SASE awards were three-year grants for unrestricted core support to help the recipients scale their organizations and drive permanent social change. On June 10, the Foundation’s board approved a series of follow-on investments, totaling $15.18 million in aggregate, to these 2005 SASE organizations. The primary criteria for additional funding were the organization’s potential to drive equilibrium change and the sustainability of its business model. The Foundation also assessed the organization’s leadership teams, as well as their potential for leveraging Skoll funding, in its decision. “What struck us in studying the progress of these organizations is how effectively they have used core operating support to strengthen their management and increase their capacity to seize the opportunities before them,” said Lance Henderson, vice president of program and impact at the Skoll Foundation. “Selecting innovative social entrepreneurial leaders, helping strengthen their organizations through core operating support, and celebrating their success is a highly leveraged use of philanthropic resources. The progress these organizations have made is our evidence of impact.” New SASE AwardsIn addition to the follow-on investments in 2005 Skoll grantees, the Foundation also announced two new recipients of the Skoll Award for Social Entrepreneurship. In 2007, the Foundation instituted a new year-round grant-making process for its SASE program, resulting in a smaller number of grants awarded three to four times a year. These new recipient organizations will be celebrated at the 2009 Skoll World Forum next March. Teach For All (Teach For America) Apopo (HeroRATS) “Wendy Kopp and Bart Weetjens are powerful examples of effective social entrepreneurs, seizing on ideas others said wouldn’t work or couldn’t scale and bringing that determination to bear on difficult challenges in education and in post-conflict environments,” said Osberg. “It’s a privilege to add them as partners to the growing network of Skoll social entrepreneurs, and we look forward to helping them increase the impact of their organizations.” Building the ecosystem Complementing its support for leading social entrepreneurs, the Foundation is deepening its work to expand the global ecosystem that social entrepreneurs need to succeed. Santa Clara University’s Global Social Benefit Incubator (GSBI®): Duke University Center for the Advancement of Social Entrepreneurship (CASE) at the Fuqua School of Business About the Skoll FoundationThe Skoll Foundation was created in 1999 by eBay's first president, Jeff Skoll, to promote his vision of a more peaceful and prosperous world. Today, the Skoll Foundation advances systemic change to benefit communities around the world by investing in, connecting and celebrating social entrepreneurs - individuals dedicated to innovative, bottom-up solutions that transform unequal and unjust social, environmental and economic systems. For more information, visit www.skollfoundation.org. |
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