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Leverage Your Carried Interest for Social Impact the Situation Leverage your Carried Interest for Social Impact The situation Society, employees and Social entrepreneurs develop A variety of pressing social investors increasingly expect disruptive, scalable solutions problems continue to exist that social engagement from PE and that address the root-cause of need to be tackled VC firms and individuals social problems Ashoka: the world’s largest network for social entrepreneurship World’s first and largest network of social entrepreneurs 5th most influential NGO in the world1 Supports more than 3,500 social entrepreneurs (“Fellows”) in more than 90 countries around the globe 50,000+ young changemakers “Ashoka seeks to catalyze the citizen We identify and support the most outstanding social sector by adapting the venture capitalist approach. The idea is to search for innovators world-wide with transformative solutions to budding innovators, to supply them with seed money and to connect them in a social issues global Fellowship.” 1. Global NGO Advisor 2018 What can we achieve with your contribution? Enable us… 1 2 3 ...to build the fellows’ ...to find and support ...to create vibrant capacity to change more Fellows around ecosystems for social systems by root-cause the world innovation elimination Social entrepreneurs are the essential corrective force. They are system-changing 4 5 6 entrepreneurs. And from deep within they, ...to solve global and therefore their work, are committed ...to increase our ...to inspire a society issues in partner-ship to the good of all. reach to underserved where everyone is a with leading regions and topics changemaker Ashoka founder Bill Drayton institutions Special section: Ashoka Fellows tackling the Covid19 pandemic In April 2020 and in reaction to the global Corona pandemic Ashoka launched Changemakers United, a collective effort source, disseminate, support, connect and scale solutions of innovative social entrepreneurs at the forefront of the Covid-19 crisis. See the complete list of Fellows David Jen Mehmet tackling the Covid19 pandemic on our special “ChangeakersUnited” website Cuartielles Lexmond Atakan WEBSITE Coordinates makers worldwide to Enabes families to support children’s Debunks false claims on social media build masks and respirators and cabins learning throughout social distancing about the Covid-19 crisis via teyit.org. for hospitals via arduino.cc. via easypeasyapp.com. Why should you support Ashoka and the Carry4Good pledge? Give back to society with high leverage Bet jointly on your future success at low risk Maximize your donation’s impact at low effort Invest in carefully vetted high-impact social entrepreneurs Show your employees a sense of purpose Be at the forefront of socially responsible PE and VC funds Become part of the Carry4Good pledge Donate a percentage of Donate an annual your carried interest (%) + fixed fee (€) Pledge as a fund or individual Fund Individuals 1) Carried Interest* 1) Carried Interest* 1% 2% 3% ____% 1% 2% 3% ____% 2) Fixed Donation* 2) Fixed Donation* 20,000 EUR 5,000 EUR 30,000 EUR 10,000 EUR 50,000 EUR 20,000 EUR ______ EUR ______ EUR * Both types of contributions are tax deductible (subject to respective local legislation) How will you be involved? CORE ACTIVITIES Reporting Receive regular written updates on Ashoka’s work and Fellows Update meetings Attend update meetings to stay informed and see Ashoka’s progress Presentation of cooperation Involve your employees by asking Ashoka to present at your firm Selected Pledgers INDIVIDUALS Klaus Hommels Dr. Jeannette zu Fürstenberg Felix Frohn-Bernau Joern Pelzer Founder of Managing Director at Managing Partner at Founder of Michael Altrichter Otto Birnbaum Thomas Jetter Michael Phillips Impact Investor General Partner of Founder of Managing Partner of VC FUNDS PRIVATE EQUITY FUNDS What’s next? Conversation with the 01 Ashoka team Decision to pledge as an individual 02 or as a fund Commitment through 03 sign-up sheet Optional: Separate agreement for the 04 right to use Carry4Good stamp Start of Carry4Good 05 pledge membership Ready to become part of Carry4Good? Your Contact Julia Reiche Felix Frohn-Bernau Andrea Martens Partner at Ashoka Deutschland & Lead of CEO of Palero Capital GmbH and Community & Partner Management at Ashoka Support Network Consulting Partner of Carry4Good Ashoka Deutschland • 10 years at McKinsey & Company and 5 • More than 15 years PE experience • Leading partnerships and programs years at Ashoka • Founder of die teilerei • Speaker for social entrepreneurship • Leading partnerships and programs Phone: +49 176 62 263 640 Phone: +49 176 21 936 047 E-Mail: [email protected] E-Mail: [email protected] Web: www.ashoka.org Web: www.ashoka.org APPENDIX Who is Ashoka? Ashoka in numbers Our Fellows around the globe Our mission and impact Founded in 1980 by Bill Drayton in Washington, D.C. Identify and support the most outstanding social World’s first and largest 582 innovators world-wide with 1,03 network of social 312 transformative solutions to 6 social issues entrepreneurs 117 1,037 th 5 most influential NGO 471 in the world1 Mobilize a global Supported more than 3,500 community to support Fellows in more than 90 disruptive approaches to countries around the globe change social systems and North America Africa Middle East & N. Africa mindsets through a focus Europe 50,000+ young Latin America Asia on root-cause elimination changemakers 1. Global NGO Advisor 2018 We have an impact-driven approach to supporting social entrepreneurs OUR TWO-FOLD APPROACH TO SUPPORTING SOCIAL ENTREPRENEURS OUR IMPACT1 Search and selection of Fellows • Extensive ongoing search for new social entrepreneurs, 86% incl. utilizing broad network of nominators (650 h p.a.) 92% of Fellow report that Ashoka helped them • Rigorous due-diligence process (>2,500 h p.a.) of Fellows report the see their work at a Ashoka stipend helped – Internal shortlisting via interviews and research system change level, them focus full time on and of those fellows, – International selection process incl. external experts their idea 92% made changes to their strategy Short-term and life-long support • Stipend: Typically 3-year financial support in form of a 93% 74% living stipend to ensure full-time focus of Fellows have of Fellows have achieved change in • achieved change in Life-long support: Life-long intellectual and non-financial legislation or market systems support through Ashoka’s network in coachings, legal influenced public policy advice, consulting support, etc. 1. Ashoka Impact Survey 2018 We select our Fellows through a rigorous due-diligence process Selection criteria New idea Selection process • New, effective approach to solve a social problem • Innovation was successfully implemented in a pilot project at least once 1 Nomination Entrepreneurial approach • Person with entrepreneurial spirit and passion to implement the idea widely National • Clear strategic plan and vision on which steps are needed to ensure system change 2 evaluation Social impact International 3 • Scalable approach evaluation • Potential to fundamentally solve a social problem Panel review 4 Creativity incl. externals • Creativity to overcome obstacles, mobilize resources and reach the target group Board 5 review Integrity • Integer approach with no hidden personal ideological agenda Our definition of social entrepreneurs SOCIAL ENTREPRENEURS • …drive systemic change, ultimately transforming society’s systems • …address root causes by solving a problem permanently or creating a new standard instead of aiming for quick wins • …scale their approach to change the standards worldwide • …create sustainable social impact through entrepreneurial thinking • …create innovative, disruptive solutions to solve society’s most pressing social, cultural, and environmental challenges • …are leaders and role models who inspire and empower others to create positive and Jimmy Wales long-lasting social change Founder of Wikipedia and Ashoka Fellow Examples of Ashoka Fellows Discovering Hands Roots of Empathy Fellow: Frank Hoffmann Fellow: Mary Gordon discovering-hands.de rootsofempathy.org Training ofTrains blind blind and womenvisually toimpaired become women certified to become Classroom program with babies as ‘facilitators‘ to reduce touch-diagnosticiansbreast cancerto improve diagnosticians breast cancer detection aggression and build social competence and empathy Source: Discovering Hands, Roots of Empathy Examples of Ashoka Fellows Children & Youth Finance Colalife.org International Fellow: Simon Berry Fellow: Jeroo Billimoria colalife.org childfinanceinternational.org Helps young people understand and Transports life-saving medicines to rural areas via existing get access to financial services infrastructure (e.g. Coca Cola distribution) „Coca-Cola seems to get everywhere in developing countries, yet life-saving medicines don’t. Why?“ „I started my organizations because I Simon Berry, Founder believe every one of us can do something to change the world and this was my bit.“ Jeroo Billimoria, Founder Source: CYFI, Colalife Examples of Ashoka Fellows Kiva Kailash Satyarthi Fellow: Matt Flannery Fellow: Kailash Satyarthi kiva.org kailashsatyarthi.net Lending platform to alleviate poverty by leveraging the internet Children's rights and education advocate against child labor, and a network of microfinance institutions and founder of the Bachpan Bachao Andolan Movement „Microfinance was born from the belief that low-income individuals are capable of lifting themselves out of poverty if they are given Nobel Peace
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