International Venture Philanthropist Award

1

• International Venture Philanthropist Award
• NESsT
• Budapest, Hungary
• October 2001

2

• The International Venture Philanthropist Award
  recognizes an individual and/or organization that
  has applied venture philanthropy approaches in a
  particularly unique way to address a pressing
  community need.

3

• The 2001 International Venture Philanthropist
  Award is presented to
• George Roberts, co-founder of The Roberts
  Enterprise Development Fund (REDF), and founding
  partner of private investment firm Kohlberg
  Kravis Roberts Co. (KKR).

4

• The Roberts Enterprise Development Fund (REDF)
  was established in 1997 by The Roberts
  Foundation, a philanthropic foundation founded by
  Mr. Roberts and his wife Leanne, and field
  pioneer Jed Emerson (now at Stanford University
  and the William Flora Hewlett Foundation).

5
REDF has a dual mission - to provide
operational support to San Francisco-based social
enterprises in which it has invested, and - to
engage the nonprofit and philanthropic community
at large in dialogue by publishing research based
on its innovative work in venture philanthropy.
6
REDF

• Using a venture capital approach to philanthropy,
  REDF applies techniques designed to create value
  in the for profit sector to its work with its
  nonprofit-run enterprises.
• REDF helps the businesses within its portfolio
  grow toward sustainability in order to provide
  transitional and permanent employment
  opportunities for over 600 homeless and very
  low-income individuals each year.

7
REDF

• REDF assists its portfolio organizations in a
  variety of ways, most notably by providing
• financing for organizational infrastructure
• access to additional funds for capital expenses
• strategic business development assistance
• access to business networking opportunities
• social outcome measurement
• technological tools and training.

8

• The NESsT Board of Directors is proud to present
  the first International Venture Philanthropist
  Award to
• George Roberts
• In recognition of his visionary leadership,
  personal and financial commitment to establish
  The Roberts Enterprise Development Fund which has
  served as an international role model for the
  application of venture philanthropy approaches to
  solve the pressing problems of homelessness and
  unemployment.