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"If the class register were anything to go by, education would be one of modern civilization's greatest success stories."
That's what Peter Wilson, a member of the UBS Accelerate Collective, had to say about education in the world's poorest countries, where 90% of children are still unable to read by the end of primary school, per CNBC.
Yet education is one of the few areas where "any charitable organization can pay for an education approach that boosts a handful of children's academic results, but what is the point if the government can't afford to pay for that 'new' initiative after the charity leaves?' Instead, funding provided by the UBS Accelerate Collective is tied directly to measurable outcomes.
In India, for example, the Collective took part in a four-year NGO-run program which tied funding directly to students' test scores when measured against the results of children outside the program.
"The most important aspect is that you're making a commitment of capital alongside like-minded people," Wilson tells CNBC.
The UBS Optimus Foundation, led by Tom Hall, Global Head of Social Impact and Philanthropy at UBS, is working to do just that with its SDG Outcomes initiative, which focuses on clearly measuring the outcomes we're trying to Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Britain's housing crisis is so bad that the government has come up with a novel way to fix it: It's putting $1 billion toward new construction, reports the Telegraph. The money will come from...more
The UK's housing crisis is so bad that the government has come up with a novel way to fix it: It's putting $1 billion toward building 100,000 new homes over the next five years, reports the...more
A Hong Kong man who has trained more than 70,000 young people to "bring positive impact through their work" is this year's recipient of the "Spirit of Hong Kong" award, the South China Morning Post...more
The world's longest-serving member of the House of Representatives is stepping down from his post at the end of the year, the AP reports. Rep. Manny Pacquiao has announced that he will not...more
A new report from accounting and consulting firm BDO USA finds that US nonprofits are stronger and more effective than they were just a few years ago. The report, which surveyed 250 nonprofit...more
When it comes to assessing the risks of climate change, Standard & Poor's has a new metric to look atand it's a pretty good one. The company's Global Climate Center of Excellence on Tuesday...more
Starbucks is investing in two " innovation farms" in Central America in an effort to protect its coffee supply from the effects of climate change, CNBC reports. The farms in Costa Rica and...more
Foundation: Gates Foundation, Global Fund for Women
Bill and Melinda Gates are putting their money where their mouth is to help people in Sudan. The two are among nine donors who have pledged $4.5 million to help local aid groups in the country,...more
A new report from the European Central Bank is out, and it calls for price controls on prescription drugs to cut down on drug costs and spur innovation, the Wall Street Journal reports. The...more
Good news for Italy: Its consumer confidence index rose to 98.3 in September from an eight-month low of 96.1 in August, reports the Wall Street Journal. The sub-index of personal confidence rose...more
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Spotlight
Rwanda as Social Entrepreneur Fund Beneficiary
The Republic of Rwanda has been picked as one of the six African countries as beneficiaries for a new fellowship fund program designed at supporting social entrepreneurs in tackling issues on food security.
