The Fund will create cross-sector initiatives to meet the biggest challenges in the developing world
WASHINGTON, May 12, 2022 /PRNewswire-PRWeb/ -- NetHope, a global consortium of over 60 of the world's leading nonprofits, has raised $500,000 from individuals, organizations, technology companies and long-time funding partners for its Collective Impact Fund. The Fund is designed to harness the powers of technology and cross-sector collaboration to maximize outcomes for some of the world's most pressing humanitarian and environmental challenges.
For more than two decades, NetHope has formed broad coalitions of organizations and companies working together toward a single goal: using the power of data, digital and partnerships through its Member network to better serve people and communities across the world. The Collective Impact Fund will help make that model repeatable and intentional, creating new opportunities for NetHope's nonprofit network to respond quickly to needs and challenges identified through their efforts throughout the developing world.
NetHope launched the Collective Impact Fund during its 20th Anniversary Summit in November 2021 before an audience of 1,800 people from over 100 countries, representing more than 100 of the world's leading nonprofits and technology companies. Several entities contributed toward the Collective Impact Fund's $500,000 funding goal, including Accenture, Microsoft and NetHope's seven original NGO founders: CARE, Catholic Relief Services, Children International, Mercy Corps, Save the Children, Winrock International and World Vision.
"NetHope's 20 years of sustainable change around the world is a reflection of the outsized impact made possible when partners sharing a common vision and resolve bring their collective assets to bear," said Lance Pierce, CEO of NetHope. "The Collective Impact Fund will drive an essential evolution of NetHope's work for an ever-changing world, optimizing those collaborations for years to come. The enthusiastic response to the Collective Impact Fund from our supporters — including board members, NetHope Member organizations and former NetHope leadership — affirms this shared project and approach."
Extensive research into the strategic plans of NetHope's Member organizations informed the idea of the Collective Impact Fund. Through the Fund, NetHope will engage key stakeholders to identify common issues where Members need assistance, workshop and refine new initiatives with tech partners and potential funders, and manage initiatives to ensure on-the-ground services are delivered effectively.
The Patterson Foundation, NetHope's longest continuous foundation funder, seeded the Collective Impact Fund through two separate catalytic gifts: an immediate $100,000 contribution with the announcement of the Fund, and a $100,000 capping contribution when the Fund reached $400,000 in total donations. The gifts aspired to engage both new and legacy NetHope partners and funders through celebrating 20 years of impact while affirming their continued commitment to collaboration through NetHope's next generation of work. Beyond the Collective Impact Fund, The Patterson Foundation has contributed more than $2 million to strengthen NetHope's operations around the world in efforts addressing challenges such as the Syrian refugee crisis, the Ebola epidemic, Hurricane Dorian and more.
"NetHope has a demonstrated track record of building successful cross-sector collaborations that prove crucial to restoring critical infrastructure in the wake of large-scale humanitarian crises," said Debra Jacobs, president and CEO of The Patterson Foundation. "Through its Collective Impact Fund, NetHope will be able to do so with even greater efficiency to strengthen communities as they cope, adapt and innovate through adversity. The Patterson Foundation is proud to have served as a catalyst for this flexibility funding benefitting NetHope's global network."
This funding achievement follows a recent $15 million multi-year grant from long-time corporate partner Cisco to NetHope's Digital Breakthrough Initiative. Cisco's grant will support efforts focused on enhancing shared nonprofit cybersecurity capabilities, bolstering NetHope's core capacity to better support Members and scaling up the NetHope community's collective ability in the face of cybercrime to help preserve program continuity for the 1.2 billion vulnerable people served by the NetHope Membership.
To learn more about NetHope and opportunities to support its efforts around the world, visit nethope.org.
About NetHope
NetHope, a consortium of over 60 leading global nonprofits, unites technology companies and funding partners to design, fund, implement, adapt, and scale innovative approaches to solve development, humanitarian, and conservation challenges. Together, the NetHope community achieves positive change, building a shared platform for insight and action for those who receive aid, those who deliver it, and those who steward the environment for future generations. To learn more about NetHope, visit nethope.org.
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Media Contact
NetHope Communications Team, NetHope, 1 703-388-2845, [email protected]
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