Word: ashoka
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Dates: during 2000-2009
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That's one reason Drayton in 1980 founded Ashoka: Innovators for the Public (named for a benevolent Indian Emperor from the 3rd century B.C.). Its approach grew out of Drayton's background as a student activist at Harvard, traveler through India and consultant for nearly a decade for McKinsey & Co. Ashoka started by raising "seed capital" mostly from small donors, including three family foundations belonging to Bill Golden, Mark Lipkin and John Klingenstein. Drayton was named a MacArthur fellow from 1984 to 1989, which gave him more time and money to develop Ashoka. By 1991 its budget was $2.2 million...
...Ashoka has funded more than 1,000 projects, from India to Mexico. Each joins the organization's worldwide network of like-minded social entrepreneurs, exchanging ideas and practical experience. Alumni include Mohammed Yunis, member of Bangladesh's Grameen Bank whose "microcredit" loans of less than $60 have made it possible for thousands of poor women to build their own homes--a success story that attracted attention during Hillary Clinton's trip to South Asia...
Baggio is making a huge difference to Brazil's future, one kid at a time. It would not have been possible without a jump start by Ashoka: Innovators for the Public, a nonprofit international venture-capital foundation based in Arlington, Va. Ashoka has provided financial and professional backing for more than 1,000 social entrepreneurs in 34 countries who, like Baggio, are using business techniques and expertise to help people help themselves. A three-year stipend from Ashoka and its global fellowship of executives, mentors and consultants enabled Baggio to enlarge CDI beyond Rio. He hopes someday to enlarge...
...entrepreneur," explains Ashoka's founder and chairman William Drayton, a Yale Law School graduate, "is to see where society is stuck and to find a new way around it." In Drayton's view, there is no difference between those who use their skills in business and those who use them in the pursuit of social goals. More and more people agree. As economic, social and political pressures blur the boundaries between the for-profit and not-for-profit worlds, a new breed of do-gooder is emerging, one that uses techniques and tools honed in the workplace to tackle social...