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If you are a member of SVN, share your latest news with the network and the world! We welcome submissions from members for possible inclusion on this blog and in our monthly e-newsletter, The Networker. Stories about:february-2009-networker-1

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2 Comments Add your own

  • 2. Jonathan C. Lewis  |  May 17, 2009 at 3:34 pm

    The Index of Global Philanthropy from the Center for Global Prosperity is chock full of valuable “perspective data” on economic development. For example, on a global basis, 17% of total financial flows from the developed to developing countries comes from official governmental development assistance. By comparison, private remittances account for 45% of financial flows.

    For the USA, government aid is 9% of total economic engagement with developing countries. Private philanthropy accounts for another 16%; remittances from U.S. workers are another 34% and private investment is 41%. The total in 2007= $235 billion.

    Private aid – foundations, mostly – sent $3.3 billion to developing countries in 2007. 50% of all foundation international grants went to health care. 25% was for economic development. 9% was disaster and refugee assistance.

    All in all, the takeaway lesson is that social entrepreneurs need to look hard at how best to strategically engage. If funding an economic development social business, what is the exit strategy? How is success measured and, most importantly, how is that success disseminated to policymakers and sources of permanent enterprise funding mobilized?

    These challenges and more will be the subject of the SVN-supported Opportunity Collaboration. On World Poverty Day (October 17, 2009), a group of entrepreneurial anti-poverty leaders are convening for a strategic offsite. The co-conveners are the Ashoka, Aspen Network of Development Entrepreneurs, Calvert Social Investment Foundation, Global Philanthropy Forum, Social Venture Network, Stanford Social Innovation Review (Stanford Center for Social Innovation), Women Donors Network, Worldways Social Marketing and MicroCredit Enterprises CEO (and SVNer) Jonathan C. Lewis.

    We know the current economic slump is going to seriously hurt the poor, not to mention nonprofit and social finance funding. The Opportunity Collaboration presumes that financial scarcity demands an unprecedented level of collaboration, resource leveraging and new alliances.

    All SVNers are pre-qualified to attend this summit as a Delegate. Join us if you mission is poverty alleviation and your margin is measured by social change.

    Reply

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