Building on Aid to Eliminate Poverty

Jun 23, 2024

Building on Aid to Eliminate Poverty

Acumen's New Approach to Aid

  • Problem: Traditional aid often results in continuous dependency.
  • Solution: A new kind of aid targeting poverty more effectively.
  • Method: Invest in local entrepreneurs with community-based solutions.
    • Healthcare
    • Water
    • Housing
    • Alternative Energy
  • Philosophy: Low-income individuals are not just recipients of charity but active participants (customers, clients, consumers).

Acumen’s Investments and Impact

  • Model: Invest charitable donations in companies, leaders, and ideas to create long-term solutions.
  • Impact Since 2001:
    • Benefitted over 100 million lives globally.

Success Stories

  • India and Africa:
    • D.Light Design: Provides over 7 million people with safe, affordable solar lanterns.
  • Nigeria:
    • Ashifi Gogo & Sproxil: Developed Africa’s first mobile verification system to identify counterfeit pharmaceuticals.
    • Impact: Prevents thousands of unnecessary deaths annually.
  • New York:
    • Training the next generation of social impact leaders through year-long international fellowships.

Core Beliefs

  • Solutions to poverty should uphold individuals’ fundamental dignity.
  • Dignity > Wealth for the human spirit.
  • Entrepreneurs across sectors are creating innovations that offer freedom, choice, and opportunity.

Call to Action

  • Message: Changing how the world tackles poverty requires collective effort.
  • Donation: Support by donating at acumenfund.org.