GlobalGiving Foundation names David L. Goldwyn Chairman of the Board

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NEWS RELEASE

WASHINGTON, DC (December 31, 2003) — The GlobalGiving Foundation announced today that David L. Goldwyn has been appointed Chairman of the Board. The Foundation's board is comprised of leaders with backgrounds in business, finance, government and philanthropy.

"GlobalGiving is truly visionary in its approach in creating opportunity for social and economic development around the world," said Goldwyn. "Once I saw its potential for revolutionizing the way international development is funded and managed, and for transforming the corporations conduct community investment, I wanted to be part of this remarkable organization."

Goldwyn currently serves as president of Goldwyn International Strategies LLC, an international consulting firm. He brings a rich and diverse background that includes experience with the US Department of State, the US Mission to the United Nations, the US Department of Energy, the Ford Foundation, the Brookings Institution and private law practice. Goldwyn is also an Adjunct Professor at Columbia University's School of Public and International Affairs.

"We are pleased to have such a distinguished, experienced, and passionate person leading the Foundation board," said Dennis Whittle, GlobalGiving co-founder and former World Bank executive. "David is the ideal leader to help us extend the reach of GlobalGiving to all individuals, organizations and companies with a stake in global prosperity."

GlobalGiving Foundation is a registered 501c(3) organization whose mission is to promote social and economic development among poor and disadvantaged people and communities. The Foundation supports GlobalGiving.com - the Web site where donors directly support grassroots development projects overseas.

Joining Goldwyn on the GlobalGiving Foundation board are Whittle; Robert A. Kushen, Special Counsel to the Open Society Institute; and Guy Pfeffermann, former Chief Economist of the International Finance Corporation. William Easterly, a Professor of Economics at New York University, will act as a special advisor.

Notes to Editors:

About David L. Goldwyn
David L. Goldwyn is president of Goldwyn International Strategies LLC, an international consulting firm. He has advised the World Bank on power sector reform, assisted the US Department of State on Africa policy and on wealth sharing options for the warring parties in the Sudanese civil war and advised a host of Fortune 100 companies.

Goldwyn served the US Government in a number of senior positions from 1991-2001. Goldwyn served as Assistant Secretary of Energy for International Affairs, Counselor to the Secretary of Energy, national security deputy to U.N. Ambassador Bill Richardson, Chief of Staff to the Under Secretary of State for Political Affairs and as an attorney-adviser in the Office of the Legal Adviser at the State Department.

Goldwyn received his BA from Georgetown University and his Masters in Public Affairs from the Woodrow Wilson School of Public and International Affairs at Princeton University. He also obtained his JD from the New York University School of Law and is a member of the Council on Foreign Relations, the District of Columbia Bar and the New York State Bar Association.

Goldwyn is an Adjunct Professor at Columbia University's School of Public and International Affairs. He is co-author of the book, "Energy Security in the 21st Century: A New Foreign Policy Strategy," expected to be published in 2004 by Wilson Center Press. He is the author of "Extracting Transparency," featured in the Georgetown Journal of International Affairs (Winter/Spring 2004).

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About GlobalGiving

GlobalGiving is the emerging marketplace for international aid. It directly connects social entrepreneurs in the developing world with individuals, corporations, and institutions that have an interest in funding social, environmental, and economic development projects. Founded in 2000 by two ex-World Bank executives, GlobalGiving is growing the overall development market by engaging donors and social entrepreneurs who have historically been marginalized by the international aid system. GlobalGiving has partnerships with Visa International and Hewlett-Packard and has received financial support from the Skoll, Omidyar, Sall, William and Flora Hewlett, Mott, Kellogg and Calvert Foundations, as well as USAID. For more information, please see www.globalgiving.org.

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