Disciplined Philanthropy
Filed in archive Global Philanthropy by mstandaert on January 06, 2007
"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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