Program areas at Global Innovation Fund
The Global Innovation Fund (gif) works to support innovations that will improve lives for hundreds of millions of people across multiple developing countries. Whilst many innovations originally created for developing countries have had a very significant impact in developing countries, developing countries frequently face unique challenges requiring solutions which meet their specific needs and circumstances. Gif defines "Innovation" broadly: any solution to a developmental challenge that has the potential to improve the lives of the poor in developing countries more effectively than existing approaches. This could, for example, include the development of new products, services, business models, or policy practices that benefit poor and vulnerable communities or the development of new ways to deliver or to adapt existing products, services, business models, or policy practices in order to ensure that they become more effective at reaching the poor. There are high costs in developing and bringing an Innovation to scale yet successful innovators typically only capture a small fraction of the benefits of their work. This is particularly so in the context of Innovation for the benefit of the poor in developing countries. This results in market failure as potential innovators are not incentivized to make socially beneficial investments leading to underinvestment. This limits Innovation by both the private and the public sector. In the private sector, innovators cannot capture all investment returns as successful innovations often invite early imitation by competitors whilst their development is often time consuming, risky and expensive--this can discourage investment outright. In the public sector, there is even less return to the Innovation investor. Innovation developers may find themselves blamed for failures that are likely to arise and cannot capture any form of market return. Such market failure provides a key imperative for the publicly funded support for Innovation which is directed at the problems affecting the world's poorest.
Personnel at Global Innovation Fund
Name | Title | Compensation | Date of data |
---|
Alix Zwane | Chief Executive Officer | $251,780 | 2023-10-19 |
Joseph Ssentongo | Chief Operating Officer | | 2023-09-25 |
Avinash Mishra | Chief Investment Officer and Head of Gif Growth | | 2023-09-25 |
Amelie Baudot | Secretary | $44,014 | 2022-12-31 |
James Mazzarella | Senior Vice President | $255,891 | 2022-12-31 |
...and 12 more key personnel |
Financials for Global Innovation Fund
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $1,305,755 | $1,606,203 | -18.7% |
Program services | $0 | $0 | - |
Investment income and dividends | $0 | $0 | - |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $1,305,755 | $1,606,203 | -18.7% |
Organizations like Global Innovation Fund
Organization | Type | Location | Revenue |
---|
House of GG | 501(c)(3) | Little Rock, AR | $802,468 |
Silicon Valley De-Bug | 501(c)(3) | San Jose, CA | $2,736,583 |
The New Jersey Institute for Social Justice | 501(c)(3) | Newark, NJ | $3,935,108 |
Echoz | 501(c)(3) | Great Falls, MT | $573,884 |
The Reno Initiative for Shelter and Equality | 501(c)(3) | Reno, NV | $3,180,349 |
Saheli | 501(c)(3) | Burlington, MA | $952,455 |
Center for the Working Poor | 501(c)(3) | Los Angeles, CA | $359,276 |
Organization for Social Media Safety | 501(c)(3) | Valencia, CA | $450,073 |
Remake | 501(c)(3) | San Francisco, CA | $1,030,441 |
Resolution Systems Institute | 501(c)(3) | Chicago, IL | $826,199 |
Data update history
December 1, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 27, 2023
Used new vendors
Identified 1 new vendor, including
September 25, 2023
Updated personnel
Identified 10 new personnel
August 1, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 7, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Social advocacy organizationsHuman service organizationsCharities
Issues
Human services
Characteristics
Tax deductible donationsAccepts online donations
General information
- Address
- 1201 Connecticut Ave NW 600
- Washington, DC 20036
- Metro area
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- County
- District of Columbia, DC
- Website URL
- globalinnovation.fund/
- Phone
- (202) 817-4579
IRS details
- EIN
- 47-4045086
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2015
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- P20: Human Service Organizations
- NAICS code, primary
- 813319: Social Advocacy Organizations
- Parent/child status
- Independent
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