CEO of Fortify Health, Mulago and Jacobs Fellow, Ex-IDinsight and Management Consulting.
I lead Fortify Health, a GiveWell, Coefficient Giving and Founder’s Pledge supported non-profit dedicated to reducing and preventing iron-deficiency anaemia. I love thinking about how to scale impactful, evidence-based, cost-effective interventions to alleviate poverty.
I believe that giving to for-profits to drive cost-effective impact makes a huge amount of sense. Within the broader development sector, we’ve seen the preponderance of “venture philanthropy” increasing over recent years. Some canonical examples include LGT Venture Philanthropy, Mulago Foundation, Draper Richard Kaplan Foundation, and more who are increasingly supporting social enterprises that provide poverty alleviation through for-profit social enterprises.
I would be interested to learn more about how these venture philanthropies model out cost-effective impact of their work within a model of providing equity with no expectation of receipt but ownership of the firm, or debt with a certain rates of payback.
It seems imminently feasible that there are a wide range of interventions that could generate revenue and be highly impactful, justifying debt and/or equity investment to a for-profit entity. What seems less clear to me and less clear from this article are how to model out the impacts of such funding in a way that allows for easy comparison with philanthropic giving.