Disciplined Philanthropy
Filed in archive Global Philanthropy on January 6, 2007
A story from this week at Forbes:
"Philanthropy is similar to investing, but until now it hasn't been treated with the same level of discipline," says Steve Beck, CEO of Geneva Global. "We're a philanthropic Investment bank."
Here's how it works: Geneva Global is the middle man. It uses its network of about 600 on-the-ground advisers in the developing world to find worthy community programs and socially minded entrepreneurs to invest in. Geneva Global vets each funding candidate to ensure they all have a promising business model and a solid management structure.
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