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Global Innovation Fund
The Global Innovation Fund (GIF) is a non-profit investment fund. It invests in the development, testing, and scaling of social innovations with the potential to have a measurable impact on the lives of those living on less than $5 per day, such as new products, services, business processes, and policy reforms. It is headquartered in London with offices in Washington, D.C., Nairobi and Singapore. History GIF was launched as an independent nonprofit in 2014 with a $200 million commitment from the UK's Department for International Development, the U.S. Agency for International Development, Australia's Department of Foreign Affairs and Trade, the Swedish International Development Agency, as well as The Omidyar Network. GIF was founded "with the goal of creating an entity separate from government bureaucracy that could look at what different financing models can do for development". Its founding aim was to "pool capital to spur creative, pioneering interventio ...
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Nonprofit Organization
A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or social benefit, as opposed to an entity that operates as a business aiming to generate a Profit (accounting), profit for its owners. A nonprofit organization is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. Depending on the local laws, charities are regularly organized as non-profits. A host of organizations may be non-profit, including some political organizations, schools, hospitals, business associations, churches, foundations, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be Tax exemption, tax-exempt, and some may also qualify to receive tax-deductible contributions, but an enti ...
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David Cameron
David William Donald Cameron, Baron Cameron of Chipping Norton (born 9 October 1966) is a British politician who served as Prime Minister of the United Kingdom from 2010 to 2016. Until 2015, he led the first coalition government in the UK since 1945 and resigned after a 2016 United Kingdom European Union membership referendum, referendum supported the country's Brexit, leaving the European Union. After Premiership of David Cameron, his premiership, he served as Foreign Secretary (United Kingdom), Foreign Secretary in the government of prime minister Rishi Sunak from 2023 to 2024. Cameron was Leader of the Conservative Party (UK), Leader of the Conservative Party from 2005 to 2016 and served as Leader of the Opposition (United Kingdom), Leader of the Opposition from 2005 to 2010. He was Member of Parliament (United Kingdom), Member of Parliament (MP) for Witney (UK Parliament constituency), Witney from 2001 to 2016, and has been a member of the House of Lords since November 20 ...
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Non-profit Organisations Based In London
A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or social benefit, as opposed to an entity that operates as a business aiming to generate a profit for its owners. A nonprofit organization is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. Depending on the local laws, charities are regularly organized as non-profits. A host of organizations may be non-profit, including some political organizations, schools, hospitals, business associations, churches, foundations, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit e ...
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Investment Funds
An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages include an ability to: * hire professional investment managers, who may offer better returns and more adequate risk management; * benefit from economies of scale, i.e., lower transaction costs; * increase the asset diversification to reduce some unsystematic risk. It remains unclear whether professional active investment managers can reliably enhance risk adjusted returns by an amount that exceeds fees and expenses of investment management. Terminology varies with country but investment funds are often referred to as investment pools, collective investment vehicles, collective investment schemes, managed funds, or simply funds. The regulatory term is undertaking for collective investment in transferable securities, or short collective inves ...
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Foreign, Commonwealth And Development Office
The Foreign, Commonwealth and Development Office (FCDO) is the ministry of foreign affairs and a Departments of the Government of the United Kingdom, ministerial department of the government of the United Kingdom. The office was created on 2 September 2020 through the merger of the Foreign and Commonwealth Office (FCO) and the Department for International Development (DFID). The FCO was itself created in 1968 by the merger of the Foreign Office (FO) and the Commonwealth Office. The department in its various forms is responsible for representing and promoting British interests worldwide. The head of the FCDO is the Foreign Secretary (United Kingdom), secretary of state for foreign, Commonwealth and development affairs, commonly abbreviated to "foreign secretary". This is regarded as one of the four most prestigious positions in the Cabinet of the United Kingdom, Cabinet – the Great Offices of State – alongside those of Prime Minister of the United Kingdom, Prime Minister, ...
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Glasgow
Glasgow is the Cities of Scotland, most populous city in Scotland, located on the banks of the River Clyde in Strathclyde, west central Scotland. It is the List of cities in the United Kingdom, third-most-populous city in the United Kingdom and the 27th-most-populous city in Europe, and comprises Wards of Glasgow, 23 wards which represent the areas of the city within Glasgow City Council. Glasgow is a leading city in Scotland for finance, shopping, industry, culture and fashion, and was commonly referred to as the "second city of the British Empire" for much of the Victorian era, Victorian and Edwardian eras. In , it had an estimated population as a defined locality of . More than 1,000,000 people live in the Greater Glasgow contiguous urban area, while the wider Glasgow City Region is home to more than 1,800,000 people (its defined functional urban area total was almost the same in 2020), around a third of Scotland's population. The city has a population density of 3,562 p ...
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2021 United Nations Climate Change Conference
The 2021 United Nations Climate Change Conference, more commonly referred to as COP26, was the 26th United Nations Climate Change conference, held at the SEC Centre in Glasgow, Scotland Scotland is a Countries of the United Kingdom, country that is part of the United Kingdom. It contains nearly one-third of the United Kingdom's land area, consisting of the northern part of the island of Great Britain and more than 790 adjac ..., United Kingdom, from 31 October to 13 November 2021. The President for COP26, president of the conference was UK cabinet minister Alok Sharma. Delayed for a year due to the COVID-19 pandemic, it was the 26th Conference of the parties, Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC), the third meeting of the parties to the 2015 Paris Agreement (designated 2016 United Nations Climate Change Conference, CMA1, 2017 United Nations Climate Change Conference, CMA2, CMA3), and the 16th meeting of the pa ...
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Global Affairs Canada
Global Affairs Canada (GAC; ; AMC)''Global Affairs Canada'' is the applied title under the Federal Identity Program; the legal title is Department of Foreign Affairs, Trade and Development (). is the department of the Government of Canada that manages Canada's diplomatic and consular relations, promotes Canadian international trade, and leads Canada's international development and humanitarian assistance. It is also responsible for maintaining Canadian government offices abroad with diplomatic and consular status on behalf of all government departments. According to the OECD, Canada's total official development assistance (ODA) (US$7.8 billion, preliminary data) increased in 2022 due to exceptional support to Ukraine and its pandemic response in developing countries, increased costs for in-donor refugees as well as higher contributions to international organizations, representing 0.37% of gross national income (GNI). History The department has undergone numerous name changes ...
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Official Development Assistance
Official development assistance (ODA) is a category used by the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD) to measure foreign aid. The DAC first adopted the concept in 1969. It is widely used as an indicator of international aid flow. It refers to material resources given by the governments of richer countries to promote the economic development of poorer countries and the welfare of their people. The donor government agency may disburse such resources to the government of the recipient country or through other organizations. Most ODA is in the form of grants, but some is measured as the concessional value in soft (low-interest) loans. In 2019, the annual amount of state donor aid counted as ODA was US$168 billion, of which US$152 billion came from DAC donors. Concept and definition In order to co-ordinate and measure international aid effectively, the DAC needs its members to have agreed clear criteria for what i ...
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Gross National Income
The gross national income (GNI), previously known as gross national product (GNP), is the total amount of factor incomes earned by the residents of a country. It is equal to gross domestic product (GDP), plus factor incomes received from non-resident by residents, minus factor income paid by residents to non-resident. In contrast to GDP, GNI is not a concept of value added, but a concept of income. GNI is the basis of calculation of the largest part of contributions to the Budget of the European Union. In February 2017, Ireland's GDP became so distorted from the base erosion and profit shifting ("BEPS") tax planning tools of U.S. multinationals, that the Central Bank of Ireland replaced Irish GDP with a new metric, Irish Modified GNI (or "GNI*"). In 2017, Irish GDP was 162% of Irish Modified GNI. GNI contrast with net national income : NNI = GNI - Depreciation The Atlas method can be applied to correct for fluctuating exchange rates. History and name change Th ...
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Omidyar Network
Omidyar Network is a self-styled "philanthropic investment firm," composed of a foundation and an impact investment firm. Established in 2004 by eBay founder Pierre Omidyar and his wife Pam, Omidyar Network has committed over US$1.5billion to nonprofit organizations and for-profit companies across multiple investment areas. As of 2022, the organization has offices in Silicon Valley, Bengaluru, London, Mumbai, Nairobi, and Washington, D.C. History The Omidyar Network comprises a 501(c)(3) and a Limited Liability Company (LLC), and part of The Omidyar Group. It was established in 2004 by Pierre Omidyar and his wife Pam. In 2018, Omidyar Network spun off its Governance & Citizen Engagement initiative. The group now operates as Luminate, a global philanthropic organization that invests in civic empowerment, data and digital rights, financial transparency, and independent media. It is led by Stephen King. In 2019, Omidyar Network spun off its Financial Inclusion initiative. The ...
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Investment Fund
An investment fund is a way of investment, investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages include an ability to: * hire professional investment managers, who may offer better returns and more adequate risk management; * benefit from economies of scale, i.e., lower transaction costs; * increase the asset diversification (finance), diversification to reduce some unsystematic risk. It remains unclear whether professional active investment managers can reliably enhance risk adjusted returns by an amount that exceeds fees and expenses of investment management. Terminology varies with country but investment funds are often referred to as investment pools, collective investment vehicles, collective investment schemes, managed funds, or simply funds. The regulatory term is undertaking for collective investment in transferable ...
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