PIMCO Foundation's Ebook
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UNLOCKING THE TRANSFORMATIVE POTENTIAL OF WOMEN AND GIRLS Introducing WomenForward A network for change, a coalition of organizations empowering girls and women around the world through inspired investment, amplified voices, and collective action. A letter from the Executive Director Our WomenForward change-making partners are: Dear Friends, Acumen ....................................................................4 On 8 March every year, the world celebrates International Women’s Day. BUILD NYC ..................................................................6 It’s a day to recognize women’s social, economic, cultural, and political achievements. And it’s also a day that marks a call to action for Callisto .....................................................................8 accelerating gender equality. Although progress has been made toward gender equality over the years, Figure Skating in Harlem .......................................................10 much work remains. Globally, women’s participation in the workforce is unequal to men’s; one in three women still experience physical or sexual Girls Write Now .............................................................12 violence; and twice as many girls as boys will never start school. But we Global AIDS Interfaith Alliance (GAIA) .............................................14 know that women are a powerful force for change, and in order to unlock their transformational potential, it’s imperative that we close the gender gap. Hot Bread Kitchen ...........................................................16 The PIMCO Foundation and 18 of its female-focused nonprofit partners have come together as WomenForward – a coalition for change – because we International Women’s Health Coalition ...........................................18 believe partnerships are key to advancing rights for women and girls. We can no longer rely on incremental change as stand-alone organizations; instead, Mercado Global .............................................................20 we must team up, take action, and make the desired change happen. Plan International USA ........................................................22 Our partners tackle challenges that face women and girls from Cambodia to Rwanda to Guatemala to New York. Our group is creating a path of Rising Tide Capital ...........................................................24 action and providing opportunity to underserved women and girls around the world. SHE-CAN ..................................................................26 On these next pages, you’ll read about our change-making partners and Sustainable Health Enterprises (SHE) ..............................................28 the impactful work they are pursuing. Achieving true gender equality means a cross-sector approach to elevating and solving this global issue. Thistle Farms ................................................................30 We can do it – together. Best, Trickle Up ..................................................................32 Women for Women International ................................................34 Sarah Middleton Women’s Refugee Commission .................................................36 Executive Director Women’s World Banking ......................................................38 PIMCO Foundation 2 3 PIMCO Foundation | WomenForward PIMCO Foundation | WomenForward THE FOUR MOST IMPORTANT ISSUES WE 4. Changing the world through online learning: during birth, more than 45,000 women die every year from ACUMEN ARE ADDRESSING: +Acumen is the world’s school for social change, an pregnancy-related causes, and mothers in the lowest income online course platform offering over 30 free and low-cost bracket are two and a half times more likely to die from 1. Making the impossible possible: Since 2001, Acumen has courses. We have seen over 600,000 unique course sign childbirth than the average. Private hospitals are prohibitively invested over $111M in 104 companies across 13 countries to ups from 190 countries, among them 60 percent of all expensive and the public healthcare system’s provision of impact the lives of 232M people. Both men and women +Acumen course participants are women. Global maternity services is often inadequate and does not extend experience poverty, but persistent gender inequity means that changemakers get inspired by our popular Master to low-income communities. women are disproportionately affected by limited access to Classes featuring women entrepreneurs and thought education; quality healthcare; lighting, power, and cooking Since Acumen’s initial investment in LifeSpring in 2008, the leaders like Elizabeth Gilbert, Angela Duckworth and solutions; and the market as smallholder farmers. company has grown from one hospital to twelve. Today, Emily Esfahani Smith. LifeSpring is the largest chain of maternity hospitals in South 2. Leading the way with Lean Data: Using our impact India. Fariya Salama, 32, is a mother and a customer of measurement and management methodology Lean Data, HOW YOU CAN HELP: LifeSpring. This is her story: Acumen talks directly to customers to understand if our • Share our message. Stay up to date on all companies’ products and services are creating meaningful “I am a mother of three. My first delivery was at a private things Acumen by following us on Instagram change in their lives. Since 2014, we’ve talked to more than hospital, and my second and third babies were delivered at @acumenorg, Twitter @acumen and Medium Acumen is changing the way the world tackles poverty 45,000 customers to complete over 150 Lean Data projects LifeSpring. The charges at the private hospital were crazy, www.medium.com/@acumen. by investing in companies, leaders and ideas. We invest for companies in our portfolio and the impact investing super expensive. We couldn’t afford it. When I got pregnant patient capital in innovative and sustainable startups that community. Utilizing gender disaggregated Lean Data, we’re • Contribute to a better future. Join our Partner with my second child, I didn’t want to go to a government deliver critical goods and services to the world’s poor. starting to help companies adapt and improve how they community or consider making a monthly gift to hospital, even though it’s free. I have to go to the hospital Through our leadership programs and +Acumen online engage and impact both women and men. Acumen to invest in the futures of women and girls alone because my husband works as an electrician, and courses, we cultivate a pipeline of social changemakers across the globe. there is no one there to care for me at the government 3. Preparing moral leaders for the 21st century: We’re to challenge the status quo and injustice wherever they hospital. At LifeSpring, I feel safe and well cared for. building a pipeline of global leaders who understand what • Be a catalyst for change. Take an online course with may see it and transform society to build a better, more it takes to create change in our complex, interconnected social changemakers around the world or combine When my little girl was on her way, my mother, my husband inclusive future for everyone. world. Our Fellows Program is a leadership development your volunteerism with philanthropy and sign up to and my mother-in-law were all outside and I was in the program designed to connect and cultivate dynamic join a +Acumen Impact Circle. operating room. l felt very alone. But the doctors and nurses individuals who are committed to tackling poverty and at LifeSpring helped me a lot. I felt like I had family around injustice. The program is currently offered in East Africa, A STORY ABOUT OUR WORK: me. I didn’t feel alone at all. India and Pakistan with plans to expand to three more Acumen investee company LifeSpring has a chain of I was the first in my family to come to LifeSpring. Now regions by 2020. Today, we have 184 women Fellows in hospitals in India providing dignified and affordable everyone in my family comes here. I love being a mother. our community, including three Fellows recently selected maternal and pediatric health care. Despite India’s great Everything I do now is for my children. Our oldest daughter to share on a global stage at TEDWomen. developmental strides, maternal mortality and morbidity is a girl, and we want her to be a doctor here at LifeSpring.” levels remain among the highest in the world. Only 67 percent of Indian women are cared for by a skilled attendant 4 5 PIMCO Foundation | WomenForward PIMCO Foundation | WomenForward THE FIVE MOST IMPORTANT ISSUES WE communicate more effectively” and must be HOW YOU CAN HELP: BUILD ARE ADDRESSING: equipped with skills “beyond the traditional ‘three Rs’ BUILD is currently serving over 2,000 students at 34 of reading, writing, and arithmetic.” At BUILD students 1. Reducing high school dropout rate: Recent research different high schools in the San Francisco Bay Area, practice six critical non-cognitive or what we call shows that high school dropouts are unqualified for 90% Boston, Washington, D.C., and New York City. To support “Spark Skills:” collaboration, communication, grit, of U.S. jobs and will earn $250,000 less than a high school BUILD’s mission and the work of our student entrepreneurs, innovation, problem solving, and self-management. graduate and $1 million less than a college graduate over we invite you to become a volunteer and/or make a Through the BUILD program, students demonstrate the course of their lifetimes. Through the process of donation. Visit