Word: endeavorment
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...mistake a nonprofit can make is to take all the money you're given and be beholden to doing things on someone else's terms." That's how Linda Rottenberg explains turning down an enviable $450,000 grant last March from the government of Chile to her nonprofit organization, Endeavor. Like most government gifts, it came packaged in red tape. At the time, Chilean President Ricardo Lagos--and no doubt many of Rottenberg's fellow nonprofiteers--had two printable words for her: "You're crazy...
...from it. Rottenberg's principled stance has enabled Endeavor to excel in a new kind of charitable role, that of "venture catalyst." She and entrepreneur Peter Kellner co-founded Endeavor four years ago to nurture entrepreneurs in Latin America's emerging markets. That doesn't mean simply writing checks with lots of zeros. In fact, the organization gives no direct funding to the regional airline, the gourmet-cookie company and the 62 other firms it fosters in Brazil, Argentina, Chile and Uruguay. Rather, it provides M.B.A.s as consultants and organizes management workshops and research missions to places where the money...
...Since Endeavor began helping out, those businesses have generated more than $390 million in revenue and created more than 5,700 new jobs. There's only one stipulation: Endeavor's companies must continue the virtuous circle, giving money back to the nonprofit organization and donating time to educate those who would follow in their footsteps...
...It’s a problem of just not understanding what the endeavor is about. You’d say, ‘I’m studying this,’ and they’d say, ‘I don’t really understand.’ There’s a difficulty of communicating what you’re trying to accomplish with people in FAS,” he adds...
...more or less honorable than any of them. It’s simply something that students choose to spend their valuable time on, something around which they create meaning and significance. If we are fortunate, we know what it’s like to give ourselves over to an endeavor, an idea or a group that demands our devotion and makes our lives richer and happier (although not always less stressful) in return. So much of what Harvard students get out of their activities is found in the process, in the experience, and not just in the final product. It?...