Monday, 13 January 2014

A Glimmer of Hope Foundation

A Glimmer of Hope Foundation was established by Texas-based philanthropists Philip Berber and Donna Berber to lessen severe poverty in rural Ethiopia. In 2010, Philip and Donna were graded #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 sponsored over 4,000 projects all through 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 set up by the Berbers in the year 2000 using $100 million in proceeds from the sale of online trading company CyBerCorp to Charles Schwab. The base employs a business-based model, with the aim of being an independent charity. 

The foundation is headquartered in Austin, Texas, and runs a national office in Addis Ababa, Ethiopia.