Citibank Features Greater Share in a Report on Giving
This Citibank report, “Philanthropy and the Global Economy: Reinventing Giving in Challenging Times,” features a case study on Greater Share and quotes our board chairman Paul Fletcher:
This initiative grows the stock of philanthropy flowing to high-impact charities as well as serving affluent potential donors by providing access to a hybrid investment-philanthropic product. Paul Fletcher, Chair of the Board at Greater Share, notes that he sees increasing demand for this kind of product that combines gains and donations. In conversation, he commented that Greater Share’s new model allows potential investors to understand how to give effectively and evaluate donation opportunities.
But the Greater Share model is not all about unlocking funding, it also builds a community among the NGOs, investors, and private equity funds involved. Fletcher commented that the NGOs selected to participate are now connected and learning from one another. The eight NGOs are: aeioTU in Latin America; CAMFED in sub-Saharan Africa; Kaivalya Education Foundation in India; KIPP and the National Institute for Student Success in the U.S.; London Early Years Foundation and West London Zone in the U.K.; and Teach for All, which operates globally.
The next step will be the involvement and collaboration of the private equity firms with the community surrounding the initiative.