Omidyar Network and Hewlett Foundation Invest $2.3 million in GlobalGiving's Mission to Reinvent International Philanthropy

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NEWS RELEASE

(August 2, 2005) — GlobalGiving, an Internet-based service focused on making international philanthropy more efficient and high impact, received a second round of operational grant money from Omidyar Network ($1.5 million) and the Hewlett Foundation ($800,000). Both organizations support GlobalGiving's mission to build a marketplace that helps fund social and economic development projects around the world, while creating an engaging donor experience.

"GlobalGiving is building a new model for international philanthropy," said Susan Bell, Vice President, Hewlett Foundation. "By allowing donors to fund projects directly, more money can get to communities where it will have the greatest impact."

"Through GlobalGiving, communities can form around shared interests to drive real change," said Doug Solomon, vice president of investments at Omidyar Network. "Rather than supporting top down, prescriptive measures, GlobalGiving enables communities to develop the most relevant solutions to their challenges and aggregates thousands of donors to fund those solutions."

GlobalGiving donors have access to over 400 projects in 60 countries in a broad range of themes such as education, environment, health, and economic development. This bottom-up model of giving complements traditional channels such as large aid agencies. For example, in addition to enabling the general public to find and fund projects, GlobalGiving works with organizations such as USAID to spur public-private sector partnerships, amplifying this powerful new channel of international aid and philanthropy.

"We are pleased to learn of expanded support from Omidyar and Hewlett," said Dan Runde, Director of USAID's Global Development Alliance, which joined foundations and the private sector to help fund GlobalGiving’s launch. "We view GlobalGiving as a promising avenue for getting aid funds to innovative and high-impact initiatives."

To get projects on the site, GlobalGiving partners with 31 NGOs, which support the work of social entrepreneurs around the globe through fellowship and awards programs. These NGOs see GlobalGiving as an additional channel of funding for their social entrepreneurs' work.

"Funding from Omidyar and Hewlett will enable us to continue enhancing our technology and processes, creating a scalable platform with global reach to the village level," said Dennis Whittle, co-founder and chairman of GlobalGiving.

About GlobalGiving

GlobalGiving was founded by two former World Bank executives who led the team that created the World Bank Development Marketplace, at which social entrepreneurs from around the world compete for grants. GlobalGiving's mission is to build a highly efficient marketplace where individuals, corporations, and other institutions can find and fund projects around the world. Since GlobalGiving launched in 2002, it has facilitated the flow of $2 million to over 400 projects.

Major funding partners include Omidyar Network, the Hewlett Foundation, the Skoll Foundation, USAID, and the Sall Family Foundation. Additional funding has been provided by the WK Kellogg Foundation, the Charles Stewart Mott Foundation, and HP.

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