WASHINGTON, DC (March 8) — GlobalGiving, an Internet-based service that connects individual and institutional donors directly to social, economic development, and environmental projects around the world, announced today that five projects will split $100,000 in prize money awarded at its 2005 Marketplace. The Marketplace, a first-of-its-kind live event, was held as part of the Global Philanthropy Forum's 4th annual Conference on Borderless Giving March
2-4. The conference was attended by about 400 philanthropic leaders and featured such speakers as Bill Gates Sr., Teresa Heinz Kerry, and Nobel Prize winner Wangari Maathai.
The winning projects ranged from installing potable water systems in 10 villages throughout India for $1.50 per person per year, to empowering and educating Afghan women, and distributing a drug that will help prevent an average of 1 in 500 deaths by childbirth in Nigeria.
"We were thrilled to partner with GlobalGiving to develop the 2005 Marketplace," said Jane Wales, President and CEO of the World Affairs Council of Northern California and organizer of the Conference on Borderless Giving. "It gave our conference attendees the opportunity to engage with the people on the ground in developing countries creating some of the most innovative solutions to the world's problems."
The 2005 Marketplace enabled the country's leading individual and institutional philanthropists to hear the stories of, and then award grants to, a selection of project leaders from around the globe who are working to solve challenges in their communities and the world at large. To seed the Marketplace, GlobalGiving sent out a call for nominations to a network of social entrepreneurs and NGOs who post projects on globalgiving.org for funding. 150 project proposals were received and the general public was asked to rate them at globalgiving.org -- 200,000 ratings were cast within one week. The leaders of the top sixteen projects were flown to the conference and given the opportunity to pitch their work to conference participants. A jury, made up of conference attendees, then publicly deliberated which projects should share $100,000 in grant money.
"In creating the 2005 Marketplace, we were able not only to send five winning project leaders home with funds to further their work -- and $20,000 will go a long way in the developing world -- we were able to create an environment in which project leaders got a better understanding of what philanthropists look for in a project, and philanthropists learned the realities project leaders face in their work to effect positive change," said Mari Kuraishi, co-founder and President of GlobalGiving.
GlobalGiving, founded in 2001 by two former colleagues from the World Bank, is the first Internet-based platform for project-specific global philanthropy. The vision is to build a highly efficient philanthropy marketplace where individuals, corporations, and other institutions can find and directly fund social, environmental, and economic development projects around the world. By aggregating many donors, GlobalGiving enables NGOs of all sizes to tap into a new source of funding that goes directly to the project level, enabling every dollar to have more impact. Since its launch in 2002, $1.5 million has flowed through GlobalGiving to fund over 400 projects.
About The Global Philanthropy Forum and the Conference on Borderless Giving
The Global Philanthropy Forum, organized by the World Affairs Council of Northern California, serves to inspire, inform, and expand the international philanthropic community by matching individual grantmakers to vehicles for overseas giving, assisting foundations and governmental donor agencies in finding partners in global philanthropy, and by highlighting international issues of concern.
Each year, the Global Philanthropy Forum organizes the Conference on Borderless Giving -- a premier event bringing together philanthropists, foundations, corporations, and other leaders in international development who seek fresh approaches to problem solving through strategic international giving to advance individual opportunity and improve quality of life. The conference was held March 2-4 in at Stanford University in Palo Alto, California, and attended by nearly 400 hundred leaders.
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