"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.

entrepreneurs harnessing

"
The DVD is available for free online at http://www.

nonprofits entrepreneurship

PALO ALTO, Calif .

educates dollars

5
million) and the Hewlett Foundation ($800,000).
"GlobalGiving is building a new model for international philanthropy,"
said Susan Bell, Vice President, Hewlett Foundation."
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.

philanthropic mechanism

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. 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.
The Skoll Foundation's new initiative is designed to use the power of
media to interest Americans in helping to solve social and economic problems
far from home.
"Book clubs focus on a book. For more information, visit
http://www.

earn fights

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

identifies echoing

fights nonprofits

"By allowing donors to
fund projects directly, more money can get to communities where it will have
the greatest impact. Why not create a DVD to stimulate informal
giving circles?" asks Sandy Herz, VP of Marketing and Communications at the
Skoll Foundation.

nonprofits ashoka

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. "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.

Skoll Foundation Leverages Technology to Inspire Grassroots 'Giving Circles ' with a Global Focus

7 million investment in The New Heroes, which
will premiere June 28, the foundation created a DVD with four compelling
documentary stories excerpted from the 12-story television series.
It also wants to inspire existing giving circles to think on an international
scale - - not just after a major catastrophe such as the tsunami, but on an
ongoing basis.org.

capitalists venture

, the Skoll Foundation was created in
1999 by Jeff Skoll, the founding president of eBay.

echoing dollars

After
watching the DVD, viewers can return to the same Web site to make a direct
donation to any of the projects through a secure online site run by
GlobalGiving.givingforum.org/givingcircles/downloads/Long%20report.

educates promising

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

fights innovators

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.thenewheroes. By providing this high-impact
video to giving circles on DVD and opening up a channel on the Internet for
contributions, we hope to provide a new and more consistent avenue for the
amazing global goodwill that we have seen ordinary Americans express time and
again," says Herz. Its mission is to advance
systemic change benefiting communities around the world by investing in,
connecting and celebrating social entrepreneurs, who are individuals dedicated
to pioneering new solutions that result in lasting improvements to complex
social problems.

fights philanthropic

"
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., As grassroots "giving circles "
take hold across the country, the Skoll Foundation has launched a campaign
that merges the impact of television with the reach of the Internet to inspire
charitable giving internationally. "Great documentary storytelling is so powerful, it is the
ideal catalyst to move people to action.

About the Skoll Foundation
Headquartered in Palo Alto, Calif.

capitalists mechanism

"While the news media is invaluable in times of crisis, in general it
gives less coverage to systemic global problems.

The foundation connects social entrepreneurs through its online
community, Social Edge, at http: //www.socialedge. It celebrates social entrepreneurs
through projects such as a four-part public television documentary called The
New Heroes that will be broadcast in 2005.skollfoundation.

* The research cited about the national trend in giving circles is
available at
http://www.

mechanism earn

Since
GlobalGiving launched in 2002, it has facilitated the flow of $2 million to
over 400 projects.org. Figuring out how to have an impact on problems
such as poverty, ignorance, violence and disease around the globe is much more
challenging.

invests capitalizing

Founded by eBay's first president, Jeff Skoll, the Skoll Foundation
recognizes that technology can be harnessed in new ways to establish a direct
connection between Americans who want to help and social entrepreneurs with
worthy projects that merit their support , but might be on the other side of
the world.

innovators dollars

"
"Through GlobalGiving, communities can form around shared interests to
drive real change," said Doug Solomon, vice president of investments at
Omidyar Network.
Major funding partners include Omidyar Network, the Hewlett Foundation,
the Skoll Foundation, USAID, and the Sall Family Foundation.

The Skoll Foundation invests in social entrepreneurs through three award
programs.org and via the annual Skoll World
Forum on Social Entrepreneurship at the Skoll Centre for Social
Entrepreneurship at Oxford University.

identifies venture

Following a $1. It is a new medium to spark
grassroots philanthropy. It was
reported recently * that $44 million has been contributed by giving circles
since 2000. Most of this charity has been directed at local problems with
which the donors are familiar.

invests entrepreneurship

This bottom-up model of giving complements traditional channels
such as large aid agencies.
The Skoll Foundation anticipates its "New Heroes House Party" campaign
will generate new giving circles of friends and neighbors with a global focus.

initiating harnessing

"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.

CONTACT: Joan Ochi of GlobalGiving, +1-301-652-8455,
jochi@globalgiving . The Skoll Foundation will match up to $100,000 in donations to
New Heroes projects listed on the site through August 31.pdf

promising philanthropic

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

harnessing ashoka

com.
Breaking the stereotype of a philanthropist as a Rockefeller or a Gates,
millions of Americans are joining together to form giving circles.

Venture capitalists investing in social improvement projects.

capitalists entrepreneurial

These NGOs see GlobalGiving as an additional channel of
funding for their social entrepreneurs' work. The
foundation is giving the free DVDs to individuals who host informal gatherings
and grassroots giving circles across the country.