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    Schwab Foundation for Social Entrepreneurship

    From Wikipedia - Reading time: 6 min

    The Schwab Foundation for Social Entrepreneurship is a Swiss not-for-profit organization founded in 1998 that provides platforms at regional, national, and global levels to promote social entrepreneurship.[1] The foundation is under the legal supervision of the Swiss Federal Government. Its headquarters are in Geneva, Switzerland. Each year, it selects 20–25 social entrepreneurs through a global "Social Entrepreneur of the Year" competition.[2][3]

    History

    [edit]
    Hilde Schwab at the WEF Social Entrepreneurs Wrap-up in 2018

    In 1998, Klaus Schwab and his wife Hilde decided to create the independent not-for-profit Schwab Foundation for Social Entrepreneurship.[4] Its mission was to promote social innovation. This new foundation was complementary to the World Economic Forum,[5] founded by Klaus Schwab in 1971.[4]

    Pamela Hartigan, who joined in October 2000, was its first managing director. The Foundation is financed from the initial endowment provided by the Schwabs plus grants and fees for services provided to individuals, foundations or companies.[6][7]

    Activities

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    The Foundation identifies rising social entrepreneurs under the age of 40 through its Forum of Young Global Leaders and encourages the activists it recognizes to work together as a team. In this collaboration, ideas are shared and possible funding is attracted from companies, universities, or INSEAD. The activists can also win support from corporations and political and academic leaders.[8] The activists (260 people in 2013) serve on the Forum's Global Agenda Councils.[9][10] Case studies on specific social entrepreneurs are provided to leading academic institutions to incorporate into undergraduate and graduate-level courses.[1] Each year the Foundation selects 20-25 Social Entrepreneurs through a global “Social Entrepreneur of the Year” competition.[11] Winners include Mikaela Jade, for innovation in indigenous edu-tech.[12][13]

    Allegations of employer misconduct and harassment at WEF

    [edit]

    On June 29, 2024, The Wall Street Journal published an article, authored by staff reporters Shalini Ramachandran and Khadeeja Safdar, stating that WEF Founder Klaus Schwab is accused by former WEF employees of having engaged in two instances of sexual harassment. The Schwab Foundation for Social Entrepreneurship is a wholly separate organization from WEF and is neither mentioned or the subject of the published Wall Street Journal article.

    Board of directors

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    As of September 2024, the organization's Board of Directors consisted of:[14]

    • Hilde Schwab (Chairperson, Co-founder)
    • Pascale Bruderer, Founder, Chairwoman, Swiss Stablecoin AG
    • Mirai Chatterjee, Chairperson, SEWA Cooperative Federation, Self-Employed Women's Association
    • Ernest Darkoh, Founding Partner, BroadReach Group
    • Charly Kleissner, Co-founder, Toniic
    • Johanna Mair, Professor of Organization, Strategy and Leadership, Hertie School
    • Queen Mathilde of Belgium
    • Subi Rangan, The Abu Dhabi Crown Prince Court Endowed Chair in Societal Progress, INSEAD
    • Nicole Schwab, Co-Head, Nature Positive Pillar; Member of the Executive Committee, World Economic Forum Geneva
    • Helle Thorning-Schmidt, Director, Thorning Schmidt Global Ltd

    References

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    1. ^ a b Schwab Foundation for Social Entrepreneurship "About us." Retrieved: 2013-08-06.
    2. ^ "Social Innovators".
    3. ^ "Schwab Foundation for Entrepreneurship | Ashoka | Everyone a Changemaker". www.ashoka.org. Retrieved 2023-08-02.
    4. ^ a b John Elkington; Pamela Hartigan (5 February 2008). The Power of Unreasonable People: How Social Entrepreneurs Create Markets That Change the World. Harvard Business Press. ISBN 978-1-4221-6354-2.
    5. ^ Forum, World Economic (2019-07-26). "This is what is still holding social entrepreneurs back". The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting.com. Retrieved 2019-08-02.
    6. ^ "Schwab Foundation for Social Entrepreneurship | Devex". www.devex.com. Retrieved 2023-08-02.
    7. ^ "Schwab Foundation for Social Entrepreneurship". www.library.hbs.edu. Retrieved 2023-08-02.
    8. ^ mike (2013-05-27). "S is for The Schwab Foundation For Social Entrepreneurship". The Positive Encourager. Retrieved 2023-08-02.
    9. ^ "Schwab-foundations-social-entrepreneur-of-the-year".
    10. ^ "Announcing the Social Innovators of the Year 2023 – Motsepe Foundation". Retrieved 2023-08-02.
    11. ^ Forum, World Economic. "2023 Social Innovation Awards: The Power Of Collective Change". Forbes. Retrieved 2023-08-02.
    12. ^ Waters Robichau, Robbie (2010), Anheier, Helmut K.; Toepler, Stefan (eds.), "Schwab Foundation for Social Entrepreneurship", International Encyclopedia of Civil Society, New York, NY: Springer US, pp. 1352–1353, doi:10.1007/978-0-387-93996-4_766, ISBN 978-0-387-93996-4, retrieved 2023-08-02
    13. ^ "Schwab Foundation for Social Entrepreneurship | UIA Yearbook Profile | Union of International Associations". uia.org. Retrieved 2023-08-02.
    14. ^ "Our people". Schwab Foundation for Social Entrepreneurship. Retrieved 22 September 2024.
    [edit]
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