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.
