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Ashoka gets $1m boost

June 2007

Ashoka, the world’s largest association of social entrepreneurs with bases in Asia, Africa, the Middle East, Europe, North America and South America, has received $1.1million (£553,000) from the Goldman Sachs Foundation.

The grant will be used to support ‘outstanding European social entrepreneurs in education and youth development who can employ their skills in emerging economies. It will fund an inaugural UK programme and expand newly established projects in France and Germany, giving entrepreneurs access to a global network of Ashoka personnel and resources.

Stephanie Bell-Rose, the foundation president, said: ‘The Goldman Sachs Foundation is committed to supporting the development of the next generation of leaders from all parts of the world. We are proud to work with Ashoka to improve the quality of education that young people receive and to open the doors of opportunity to bright minds that might otherwise go overlooked.’

Ben Metz, Ashoka’s UK director, said: ‘The Goldman Sachs Foundation funding underpins our continuing roll-out in Europe. It will allow us to increase our support to cutting-edge social entrepreneurs working in the fields of education and youth development in the target countries. This funding forms the core of a partnership that will add significant value to both the Goldman Sachs Venture Philanthropy programme and Ashoka.’

The foundation is a global philanthropic organization set up by the Goldman Sachs banking and investment group in 1999. It has awarded grants worth $94m for work in more than 20 countries.


Further Information
http://www.ashoka.org
bmetz@ashoka.org
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