A Glimmer of Hope Foundation

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The A Glimmer of Hope Foundation was founded by Texas-based philanthropists Philip Berber and Donna Berber to reduce extreme poverty in rural Ethiopia. In 2010, Philip and Donna were ranked #7 by Barron's in its list of '25 Best Givers' in the world, and dubbed as "capitalist crusaders," by the New York Times Magazine. From 2001 to 2010, the foundation had funded more than 4,000 projects throughout the country. A Glimmer of Hope also runs a local program within Austin for at-risk youth and senior citizens.

Video A Glimmer of Hope Foundation

Founding

A Glimmer of Hope was founded by the Berbers in 2000 using $100 million in proceeds from the sale of online trading company CyBerCorp to Charles Schwab. The foundation uses a business-based model, with the goal of being a self-sustaining charity. The foundation is headquartered in Austin, Texas, and runs a national office in Addis Ababa, Ethiopia.

Maps A Glimmer of Hope Foundation

Programs

By 2007, A Glimmer of Hope had distributed just over $24 million for the construction of water wells, veterinary clinics, and schools in Ethiopia. Additionally, A Glimmer of Hope allocated $5 million in 2003 for programs in Austin, Texas. One of the foundation's most notable Austin programs is the annual "Camp Glimmer," a seven-week summer program for under-privileged youth.

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Partners

A Glimmer of Hope works with a number of partners in providing relief internationally. Among the foundation's supporters are:

• The Clinton Global Initiative
• Irish rocker Bono's ONE Campaign
• The Michael and Susan Dell Foundation
• Charity: Water, with whom A Glimmer of Hope has collaborated on 123 projects in Ethiopia
• Matt Damon's H2O Africa Foundation
• Whole Planet Foundation, a division of Whole Foods Market
• The Austin Tennis Academy
• Water to Thrive
• Netri Foundation
• Dave and Isabel Welland, two of the foundation's most generous supporters
• Tibor P. Nagy, former US ambassador to Ethiopia

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References

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External links

• Company home page

Source of the article : Wikipedia