Guest guest Posted March 21, 2001 Report Share Posted March 21, 2001 Dear Group: Please post this message to the group. I would like to introduce myself. My name is Asha Sekhri, and I am the President and Founder of a 1 year old 501c3 foundation in the U.S. called South Asia Against AIDS Foundation (SAAAIDS) Our NGO Investment Fund SAAAIDS recognizes that the havoc wreaked in South Asia by HIV/AIDS has worsened, despite genuine concern from the developed world. We feel that the key to the solution is matching good investments with good investors. Many NGOs cannot begin, maintain or expand their stellar HIV/AIDS programs in South Asia because they do not have access to funding. Similarly, many concerned individuals are unable to invest in HIV/AIDS programs in South Asia because they lack a trustworthy vehicle. The result has been a low level of actual generalized response to HIV/AIDS in South Asia. Venture Philanthropists, Social Entrepreneurs In light of this, SAAAIDS is leading the effort to establish a unique philanthropic fund - the NGO Investment Fund - led by a group of people who command community respect and trust, as well as possess the vision, skills and commitment necessary to successfully promote good investments to individuals who recognize the responsibilities of planetary citizenship and who are eager to invest in HIV/AIDS initiatives in South Asia that have a social investment return. We are not traditional philanthropists who make grants. Instead, we are venture philanthropists, or social entrepreneurs, who apply sound business practices that normally drive venture capital and investment firms to our investments in grassroots NGOs whose proposed programs will effectively improve their communities' HIV/AIDS prevention, treatment and loss services. These NGOS may otherwise not be able to obtain access to necessary funding, due to their small size, to begin, maintain or expand their programs and meet their communities' needs Our National Board of Directors and Country Panels are all volunteers and are made up of entrepreneurs, academics, intellectuals, philanthropists and other professionals who guide SAAAIDS in its activities and ensure that all proper procedures are being followed. A Country Director heads each Country Panel located in South Asia and oversees monitoring the reliability and progress of our initiatives, as well as reporting back to the National Board. Like all good investors, we look before we leap. We have an extensive due diligence process to ensure that every dollar invested in an NGO will make a difference. The key to our success is the extremely close collaboration between our Board of Directors, our Country Panels and the NGOs in which we invest. We are prepared to do whatever it takes to make our investments successful. Before and during our investment, we visit the NGO and evaluate its management team, facilities, strategic plans and financial statements. We give the NGO the support it needs to craft an effective program, everything from recommending program adjustments, to securing office equipment, to helping hire new staff, to bringing in new funders, to analyzing budgets. We also carefully track our investments by holding the NGOs in which we invest accountable. They are expected to set and achieve specific goals for their communities. Their results against goals are measured and disseminated every year so that our foundation and the international community can learn from them. Measures of evaluation include improvements in sexual education and health within NGO investment communities, as well as gradual reductions in the number of new HIV/AIDS infections and in the number of those infected who have no access to medical treatment within NGO investment communities. Other measures of evaluation we utilize to track our effectiveness include growth in: operating revenue, the strength of our National Board and Country Panels, the number of SAAAIDS' supporters, supporter feedback and website usage. Make Every Dollar Go to Our Investments We are currently expanding our National Board of Directors and Country Panels. These individuals form a powerful corps who will utilize their resources to underwrite all of our management/administrative expenses. If we can accomplish this, every dollar we receive goes to the NGOs we support, not to us. The Long Haul: When we find an NGO that is effective, we stick with it. Our goal is to support nearly seventy-five percent of the NGOs we fund for more than five years. We would rather have effective organizations fighting HIV/AIDS in South Asia than make unwise investments. First time investments range from $5,000 to $10,000 and are made on a year-to-year basis. 2000 Accomplishments: During 2000, SAAAIDS obtained its 501©(3) status and began actively encouraging worthy NGOs in South Asia to apply for funding for their HIV/AIDS programs. We have developed a good number of investment opportunities that need funding. 2001 Objectives During 2001, SAAAIDS is actively: Continuing to look for and develop effective NGO investments, as well as relationships with the international community; Building its powerful National Board of Directors and Country Panels; Seeking $300,000 in donations in order to fund NGOs selected as recipients of our NGO Investment Fund; and Planning its gala this July in New York City that will provide an opportunity for donors to help us reach this financial goal. For more information, please go to: www.SAAAIDS.org (Best viewed through Internet Explorer) Asha Sekhri, Asha@... Quote Link to comment Share on other sites More sharing options...
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