"Funding from Omidyar and Hewlett will enable us to continue enhancing our
technology and processes, creating a scalable platform with global reach to
the village level," said Dennis Whittle, co-founder and chairman of
GlobalGiving. GlobalGiving's mission
is to build a highly efficient marketplace where individuals, corporations,
and other institutions can find and fund projects around the world.

ADVISORY/The John Templeton Foundation to Announce Recipients of $500 000 ''Enterprise -Based Solutions to Global Poverty'' Awards

thats internationally

Omidyar Network and Hewlett Foundation Invest $2.3 Million in GlobalGiving's Mission to Reinvent International Philanthropy

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"By allowing donors to
fund projects directly, more money can get to communities where it will have
the greatest impact.

Philanthropy Writers/Business Editors
ADVISORY.

associated degradation

Both organizations support
GlobalGiving's mission to build a marketplace that helps fund social and
economic development projects around the world , while creating an engaging
donor experience."
"Through GlobalGiving, communities can form around shared interests to
drive real change," said Doug Solomon, vice president of investments at
Omidyar Network.

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Major funding partners include Omidyar Network, the Hewlett Foundation,
the Skoll Foundation, USAID, and the Sall Family Foundation.

today marginalisation

Additional
funding has been provided by the WK Kellogg Foundation, the Charles Stewart
Mott Foundation, and HP.

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texans interests

environmental institutes

"
GlobalGiving donors have access to over 400 projects in 60 countries in a
broad range of themes such as education, environment , health, and economic
development. This bottom-up model of giving complements traditional channels
such as large aid agencies.

About The John Templeton Foundation "What Works in
Enterprise -Based Solutions to Global Poverty" Initiative:

The persistence of global poverty and its effects on millions of
human beings is unconscionable and unacceptable.

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transnational policy

"We
view GlobalGiving as a promising avenue for getting aid funds to innovative
and high-impact initiatives.

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5 million, will be announced .

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Since
GlobalGiving launched in 2002, it has facilitated the flow of $2 million to
over 400 projects ..

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"Rather than supporting top down, prescriptive measures,
GlobalGiving enables communities to develop the most relevant solutions to
their challenges and aggregates thousands of donors to fund those solutions. Three awards,
totaling $1.

When: May 17, 2005

Where: The announcement will be issued from The John Templeton
Foundation headquarters, in West Conshohocken, PA (outside
Philadelphia). "What Works in
Enterprise-Based Solutions to Global Poverty" was conceived to promote
public understanding of how entrepreneurship and market reforms can
alleviate poverty and accelerate its disappearance in areas of the
world where it has been most oppressive and endemic.

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"GlobalGiving is building a new model for international philanthropy,"
said Susan Bell, Vice President, Hewlett Foundation.

The first three
recipients , each to receive $500,000 to support enterprise-based
initiatives that span the globe, will be announced on May 17. The Foundation's purpose is to stimulate
a high standard of excellence in scholarly understanding , to encourage
further worldwide explorations of the moral and spiritual dimensions
of the Universe and of the human potential within its ultimate
purpose.

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About GlobalGiving
GlobalGiving was founded by two former World Bank executives who led the
team that created the World Bank Development Marketplace, at which social
entrepreneurs from around the world compete for grants.

fund today

For example , in addition to enabling the general
public to find and fund projects, GlobalGiving works with organizations such
as USAID to spur public-private sector partnerships, amplifying this powerful
new channel of international aid and philanthropy.com.

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CONTACT: Joan Ochi of GlobalGiving, +1-301-652 -8455,
jochi@globalgiving.

associated fund

5
million) and the Hewlett Foundation ($800,000). Support of programs that encourage free markets and free
enterprise are a major focus of the Foundation.

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About The John Templeton Foundation:

Established in 1987 by renowned international investor, Sir John
Templeton, to encourage a fresh appreciation of the critical
importance -- for all peoples and cultures -- of the moral and
spiritual dimensions of life.

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"
To get projects on the site, GlobalGiving partners with 31 NGOs, which
support the work of social entrepreneurs around the globe through fellowship
and awards programs. These NGOs see GlobalGiving as an additional channel of
funding for their social entrepreneurs' work.

degradation marginalisation

"We are pleased to learn of expanded support from Omidyar and Hewlett ,"
said Dan Runde, Director of USAID's Global Development Alliance, which joined
foundations and the private sector to help fund GlobalGiving's launch.

----The John Templeton Foundation:

What: The John Templeton Foundation announces recipients of
its newly created "What Works in Enterprise-Based
Solutions to Global Poverty" competition.

global institutes

WASHINGTON , GlobalGiving, an Internet-based service
focused on making international philanthropy more efficient and high impact,
received a second round of operational grant money from Omidyar Network ($1.