Thursday, 28 February 2013

The A Glimmer of Hope Foundation

The A Glimmer of Hope Foundation was founded by Texas-based philanthropists Philip Berber and Donna Berber to reduce extreme poverty in rural Ethiopia. In 2010, Philip and Donna were ranked #7 by Barron's in its list of '25 Best Givers' in the world, and dubbed as "capitalist crusaders," by the New York Times Magazine. From 2001 to 2010, the foundation had funded more than 4,000 projects throughout the country. A Glimmer of Hope also runs a local program within Austin for at-risk youth and senior citizens.

A Glimmer of Hope was founded by the Berbers in the year 2000 using $100 million in proceeds from the sale of online trading company CyBerCorp to Charles Schwab. The foundation uses a business-based model, with the goal of being a self-sustaining charity. The foundation is headquartered in Austin, Texas, and runs a national office in Addis Ababa, Ethiopia.