GlobalGiving names Carol Realini Executive Chairman

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Tech veteran brings successful entrepreneurial record to philanthropic start-up

WASHINGTON, DC (January 1, 2004) — GlobalGiving, the global philanthropic exchange, announced today that it is growing with the addition of a new executive chairman. Carol Realini, a successful serial entrepreneur in the technology industry joins the team in its efforts to create the world's richest marketplace for international aid and philanthropy.

"We reinvent international philanthropy by directly connecting donors with the social entrepreneurs working to solve society's toughest problems," said Dennis Whittle, GlobalGiving CEO and former World Bank executive. "We believe that adding a passionate and successful entrepreneur like Carol to our team will help take us to the next level."

Realini is one of the most recognized entrepreneurs in the technology industry. She joins GlobalGiving after serving as the CEO/President of Chordiant Software (CHRD), a leader in one-to-one marketing and customer interaction software. During her tenure, she raised over $30 million in venture capital financing and played a key leadership role in the start-up, development and successful IPO of the company.

As GlobalGiving's new executive chairman, Realini's largest role is as a strategic fundraiser and management coach.

"I joined GlobalGiving because I saw it had the structure and the focus to support social entrepreneurs in the developing world," Realini said. "When these entrepreneurs are given the financial support they need, their ideas and enterprises can drive tremendous social and economic growth.

Founded by former executives of The World Bank, GlobalGiving is the trusted, global philanthropic exchange. It uses a market-based approach of directly connecting low-threshold, social development projects with individuals and businesses that have a stake in global prosperity. GlobalGiving is backed by philanthropic industry leaders that include HP, Visa International, The Skoll Foundation, The Omidyar Foundation, USAID, The Sall Family Foundation, The Charles Stewart Mott Foundation, The Calvert Foundation and The W.K. Kellogg Foundation, among others. For more information, please visit their Web site at www.globalgiving.org.

Note to Editors

About Carol Realini:
Realini also currently serves as a trustee for Search for Common Ground, a nonprofit organization that pursues peaceful methods of dialogue and negotiation to curb present and future conflict.

Prior to her success at Chordiant, Realini was the CEO of J. Frank Consulting which she sold to MCI in 1996. Prior to J. Frank, she was the vice president of sales and marketing at Legato Systems, Inc. where she launched the company's first series of products and established key strategic business relationships. Realini previously served as the Director of Product Marketing at Ingres Corporation from 1987 to 1988.

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Joan Ochi
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