The International Network of Women's Funds (INWF) is a membership organisation bringing together women's funds from around the world, in order to promote "philanthropy with a feminist perspective". [1] INWF was founded in 2000 with nine members, including the oldest international women's funds Mama Cash and the Global Fund for Women, and in 2014, had 42 members globally. [2] [3] From 2010, the Executive Director has been Emilienne de León (also known as Emilienne de León Aulina). [4]
Some the members distribute substantial amounts of money. For example, according to its annual report, Mama Cash allocated 15.7m Euro (approx $16m) in 2022 [5] . According to its website [6] , the Fondo Centroamericano de Mujeres (FCAM) based in Central America 'has awarded 2,568 grants with a total value of 32 million U.S. dollars to more than 600 organisations and activists in Central America'.
In 1999, the Global Fund for Women and Mama Cash brought together six women's funds from around the world for a brainstorming session. In 2000, the first meeting of INWF was held, with nine members. According to Shirley Waters, founder and chair of the Women's Hope and Education and Training Trust, "these international women's funds provide[d] an easily identifiable way to support the work of women's groups in other countries." [7] Similarly, while discussing women's funds and the history of the INWF in 2013, Musimbi Kanyoro (CEO of the Global Fund for Women) said, "Organized philanthropy can make a difference if the funding is targeted towards addressing the root causes of women’s vulnerability." [3]
United Way is an international network of over 1,800 local nonprofit fundraising affiliates. Prior to 2015, United Way was the largest nonprofit organization in the United States by donations from the public.
Philanthropy is a form of altruism that consists of "private initiatives for the public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material gain; and with government endeavors that are public initiatives for public good, such as those that focus on the provision of public services. A person who practices philanthropy is a philanthropist.
Open Society Foundations (OSF), formerly the Open Society Institute, is a grantmaking network founded by business magnate George Soros. Open Society Foundations financially supports civil society groups around the world, with the stated aim of advancing justice, education, public health and independent media. The group's name was inspired by Karl Popper's 1945 book The Open Society and Its Enemies.
Omidyar Network is a self-styled "philanthropic investment firm," composed of a foundation and an impact investment firm. Established in 2004 by eBay founder Pierre Omidyar and his wife Pam, Omidyar Network has committed over US$1.5 billion to nonprofit organizations and for-profit companies across multiple investment areas. According to the OECD, Omidyar Network's financing for 2019 development increased by 10% to US$58.9 million.
Jeffrey Stuart Skoll, OC is a Canadian engineer, billionaire internet entrepreneur and film producer. He was the first president of eBay, eventually using the wealth this gave him to become a philanthropist, particularly through the Skoll Foundation, and his media company Participant Media. He founded an investment firm, Capricorn Investment Group, soon after and currently serves as its chairman. Born in Montreal, Quebec, he graduated from University of Toronto in 1987 and left Canada to attend Stanford University's business school in 1993.
Craig Alexander Newmark is an American internet entrepreneur and philanthropist best known as the founder of the classifieds website Craigslist. Prior to founding Craigslist, he worked as a computer programmer for IBM, Bank of America, and Charles Schwab. Newmark served as chief executive officer of Craigslist from its founding until 2000. He founded Craig Newmark Philanthropies in 2015.
A giving circle is a form of participatory philanthropy by a group of individuals who form a voluntary association to donate their money or time. The group then decides how to allocate these resources to charitable organizations or community projects. Groups may also seek to increase their awareness of and engagement with the issues covered by the charity or community project.
Direct Relief is a nonprofit humanitarian organization whose mission is to improve the lives of people in poverty or emergency situations by providing the appropriate medical resources. The charity provides emergency medical assistance and disaster relief in the United States and internationally. The organization is headed by an independent board of directors and its president and CEO, Thomas Tighe.
Venture philanthropy is a type of impact investment that takes concepts and techniques from venture capital finance and business management and applies them to achieving philanthropic goals. The term was first used in 1969 by John D. Rockefeller III to describe an imaginative and risk-taking approach to philanthropy that may be undertaken by charitable organizations.
Legatum Limited, also known as Legatum, is a private investment firm, headquartered in Dubai, United Arab Emirates. Legatum is a partnership that uses its own funds to invest globally. The firm also invests in activities to promote entrepreneurship and free enterprise as well as anti-slavery, health and education initiatives.
The Skoll Foundation is a private foundation based in Palo Alto, California. The foundation makes grants and investments intended to reduce global poverty. Jeffrey Skoll created the foundation in 1999.
Apollo Global Management, Inc. is an American private equity firm. It provides investment management and invests in credit, private equity, and real assets. As of 2022, the company had $548 billion of assets under management, including $392 billion invested in credit, including mezzanine capital, hedge funds, non-performing loans, and collateralized loan obligations, $99 billion invested in private equity, and $46.2 billion invested in real assets, which includes real estate and infrastructure. The company invests money on behalf of pension funds, financial endowments, and sovereign wealth funds, as well as other institutional and individual investors.
Impact investing refers to investments "made into companies, organizations, and funds with the intention to generate a measurable, beneficial social or environmental impact alongside a financial return". At its core, impact investing is about an alignment of an investor's beliefs and values with the allocation of capital to address social and/or environmental issues.
Bloomberg Philanthropies is a philanthropic organization that encompasses all of the charitable giving of founder Michael R. Bloomberg. Headquartered in New York City, Bloomberg Philanthropies focuses its resources on five areas: the environment, public health, the arts, government innovation and education. According to the Foundation Center, Bloomberg Philanthropies was the 10th largest foundation in the United States in 2015, the last year for which data was available. Bloomberg has pledged to donate the majority of his wealth, currently estimated at more than $54 billion. Patti Harris is the CEO of Bloomberg Philanthropies.
Mama Cash is the oldest international women's fund in the world, founded in the Netherlands in 1983. In 2013, Mama Cash supported 118 women's, girls and trans rights organisations with 4.3 million euros.
Women's Entrepreneurship Day (WED) is a day on which the work of women entrepreneurs is observed and discussed, held every day of each year. The inaugural event was held in New York City at the United Nations, with additional events being held simultaneously in several other countries. 144 nations overall recognized the first WED in 2014, which included the presentation of the Women's Entrepreneurship Day Pioneer Awards. The organization behind WED also has an ambassadorship and fellowship program.
The Fondo Centroamericano de Mujeres (FCAM) or Central American Women's Fund is a feminist organisation supporting women's rights in Central America, based in Nicaragua. FCAM is the first and only foundation in Central America, focused on resourcing grassroots women's organisations. As a women's fund, it works towards guaranteeing women's human rights through physical and emotional integrity, economic justice, and political participation. FCAM provides money, capacity building, and opportunities for the defence and promotion of human rights.
Theresia Gouw is an entrepreneur and venture capital investor in the technology sector. She worked at Bain & Company, Release Software and Accel Partners before co-founding Aspect Ventures, a female-led venture capital firm, in 2014. Gouw was named one of the 40 most influential minds in tech by Time Magazine. and has been recognized seven times on the Forbes Midas List as one of the "world's smartest tech investors". According to Forbes, Gouw is the richest female venture capitalist, with a net worth of approximately $500 million, primarily due to her involvement with Accel (company)'s early investment in Facebook.
Amina Doherty is a Nigerian/Antiguan feminist, artist and women's rights advocate. As an African-Caribbean feminist and women's rights advocate, her work is centered around raising awareness for social justice through movement-building, and innovative approaches to philanthropy and grantmaking. Amina's work takes many forms: art exhibitions, community programs, cultural events, philanthropic advising, and grantmaking initiatives.
COVID-19 Solidarity Response Fund was a global fund for supporting the work of the World Health Organization (WHO) in containing the COVID-19 pandemic. It was launched on 13 March 2020 by the United Nations Foundation and the Swiss Philanthropy Foundation in support of WHO, and was announced by the Director-General of WHO in Geneva, Switzerland. The fund ceased its active fundraising activities at the end of 2021, with further donations to be directed to the WHO Foundation.