HP and Visa Named Founding Members of GlobalGiving Alliance
WASHINGTON, DC (January 26, 2004) — At a meeting of global leaders in Davos on Saturday, GlobalGiving unveiled its GlobalGiving Alliance and named HP and Visa International as founding members. The Alliance builds upon a key objective of the World Economic Forum's Annual Meeting, to generate partnerships that deliver entrepreneurial solutions to social problems.
"As the participants in Davos made clear on Saturday, the global community recognizes the power of social entrepreneurs to drive tremendous growth," said Dennis Whittle, GlobalGiving's CEO and co-founder. "By launching a GlobalGiving Alliance, we hope to capture the momentum of the successful partnerships among government, business, and social entrepreneurs that were featured this weekend."
GlobalGiving is a global philanthropic exchange that aids social entrepreneurs by giving them direct access to donors through an online marketplace. It allows individuals and institutions to contribute directly to the growth and sustainability of social entrepreneurs on the ground in developing communities around the world.
The Alliance will bring together corporations, international aid organizations, non-profits, foundations, educational institutions and media entities, who have a stake in global prosperity. With such far-reaching representation, the Alliance will be able to tap into the expertise of many sectors to provide interdisciplinary solutions - such as the technology and payments expertise of HP and Visa - to society's toughest problems.
"Over the years, HP has expanded the way it contributes to social and economic development beyond the donation of philanthropic resources, said Debra Dunn, Senior Vice President of Corporate Affairs and Global Citizenship, HP. "Our partnership with Visa and GlobalGiving is a reflection of our belief that through expanded partnerships, technology innovation and new business ideas, we can create sustainable solutions for underserved communities."
During the event in Davos, HP chairman and CEO Carly Fiorina and Visa CEO Malcolm Williamson spoke about the importance of social entrepreneurship and their companies' roles within the GlobalGiving Alliance. Additional remarks were given by Mrs. Zanele Mbeki, South Africa's First Lady and board member of the Schwab Foundation for Social Entrepreneurship; Mr. Mark Malloch Brown, Administrator of the United Nations Development Programme; and Professor Klaus Schwab, Founder and Chair of the World Economic Forum and the Schwab Foundation for Social Entrepreneurship.
"GlobalGiving offers an innovative approach to international aid and philanthropy," Williamson said. "Visa is proud to partner with GlobalGiving and others, in a GlobalGiving Alliance that will help promote social and economic development where it is needed the most."
The brainchild of former World Bank executives, GlobalGiving uses a market-based approach to connect individuals and businesses directly with small-scale, grassroots development projects. In the past two years, individual donors have impacted hundreds of people across the globe by supporting projects such as training women teachers in Afghanistan, building a school for Ugandan AIDS orphans and bringing medicine to mineworkers in India.
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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