Global Citizen, in partnership with NPX, launches Global Citizen Impact Funds to urge bold financial commitments toward ending extreme poverty now
The transformational outcomes funds link donations with results to accelerate progress toward the UN Sustainable Development Goals, mobilizing results-based funding to BRAC, charity: water, The Global Fund, International Rescue Committee, and One Acre Fund.
NEW YORK, NY – Global Citizen, the international advocacy organization dedicated to ending extreme poverty, today announced the launch of the Global Citizen Impact Funds Powered by NPX, a series of transformational outcomes funds designed to accelerate progress toward achieving the UN Sustainable Development Goals (SDGs) by linking funding with verified results. Global Citizen is calling on the private sector, philanthropists and impact investors to make bold financial commitments toward ending extreme poverty NOW.
An outcomes fund is a collaborative donor fund that releases donations after impact is achieved and independently verified, directly linking funding with results. The outcomes funds catalyze additional funding from impact investors, which provide the upfront capital necessary for NGO and multilateral partners to implement programs and services.
The Global Citizen Impact Funds are composed of six Impact Funds focusing on education, equity, food security, health, sustainability, and water. Each fund will mobilize a minimum of $25M up to $1B in results-based donations to each impact area.
The Impact Funds have identified inaugural NGO and multilateral partners: BRAC, charity: water, The Global Fund, International Rescue Committee, and One Acre Fund. These organizations were rigorously vetted and have turnkey, high-impact, measurable solutions where access to capital is the number one barrier to scale. The results-based funding model allows the organizations to scale solutions that work, changing their trajectory and the impact they can achieve.
“There is an urgent need for action. Our future cannot wait. People’s lives are at stake. The planet’s longevity is at stake. We need innovative approaches and bold participation from the private and philanthropic sector to accelerate results toward ending extreme global poverty, NOW, more than ever. So we partnered with NPX, a leader in innovative finance to create, manage, and implement a ground-breaking vehicle that can transform philanthropy and ensure we link funding with evidence-based, data-driven results.” Michael Sheldrick, CoFounder and Chief Policy Officer, Global Citizen
“It doesn’t matter how much money flows, activities are completed or people are reached – if people aren’t getting the results they need. This is why innovative finance solutions that link funding with results are urgently needed.Together, we created the Global Citizen Impact Funds to give donors the opportunity to donate in a new way that simultaneously accelerates results for millions of people around the world and transforms global giving.” Lindsay Beck, Co-Founder and Co-CEO, NPX
The COVID pandemic pushed nearly 100M additional people into extreme poverty, worsening outcomes along education, equity, food security, health, sustainability, and water, and making the need for climate action more acute. Although these issues appear insurmountable, solutions exist that can drive measurable impact for millions of people around the world today.
The Global Citizen Impact Funds are a deliberate action in support of the advocacy organization’s End Extreme Poverty NOW campaign objective to break systemic barriers that keep people in extreme poverty by:
- Advancing achievement towards the SDGs in the following impact areas: education, equity, food security, health, sustainability, and water.
- Furthering Global Citizen’s commitment to driving measurable impact.
- Serving as a new tool to engage partners to take action, including existing donor partners, new donor partners, and investors.
- Partnering with NPX to enable donations and investments from individuals, foundations, donor advised funds, corporations, and others, which leverages funding from both philanthropy and the $715B impact investing market to help bridge the $3.5T gap towards achieving the SDGs.
- Inviting the world’s wealthiest to support outcomes from vetted organizations that are capable of absorbing large amounts of capital ($25M to $1B+) and are ready to deliver their tested, measurable, evidence-based solutions.
Global Citizen has partnered with NPX, a leader in the innovative finance space, to design, manage and implement this ground-breaking offering. In addition to design, NPX’s role includes vetting the NGO and multilateral organizations selected for the funds, deal structuring and execution, fund operations, impact reporting, and communication. Global Citizen’s role includes mobilizing donors to take action, identifying NGO and multilateral organization partners, marketing and storytelling, and communicating impact.
Every year Global Citizen mobilizes commitments to partner NGOs and multilateral organizations. Global Citizen’s 2021 Recovery Plan for the World, featured two groundbreaking events; Global Citizen VAX LIVE: The Concert to Reunite the World, mobilizing $302M in funding and over 26M COVID-19 vaccine doses to provide equitable vaccine access to the world’s most marginalized communities and health care workers in critical need of global support; Global Citizen Live mobilized more than US$1.1B, 157M trees, and over 60M COVID-19 vaccines during the course of the campaign.
Notes to the editor
About Global Citizen
Global Citizen is the world’s largest movement of action takers and impact makers dedicated to ending extreme poverty NOW. We post, tweet, message, vote, sign, and call to inspire those who can make things happen — government leaders, businesses, philanthropists, artists, and citizens – together improving lives. By downloading our app, Global Citizens learn about the systemic causes of extreme poverty, take action on those issues, and earn rewards, which can be redeemed for tickets to concerts, events, and experiences all over the world. For more information, visit www.globalcitizen.org and follow @GlblCtzn.
NPX is transforming how nonprofits are funded by explicitly linking capital with impact. Learn more at www.npxadvisors.com.
BRAC is a global leader in developing and implementing cost-effective, evidence-based programs to empower the most marginalized people in extremely poor, conflict-prone, and post-disaster settings. Founded in Bangladesh in 1972, BRAC now touches the lives of more than 100 million people across 11 countries in Asia and Africa. BRAC takes a holistic approach to alleviating poverty, running programs in education, health care, financial inclusion, youth empowerment, agriculture, and more. In 2021, it was ranked the top NGO in the world by NGO Advisor for the sixth consecutive time.
About BRAC USA
Based in New York, BRAC USA is the North American affiliate of BRAC. BRAC USA provides comprehensive support to BRAC around the world by raising awareness about its work to empower people living in poverty and mobilizing resources to support its programs. BRAC USA also works closely with its international counterparts to design and implement cost-effective and evidence-based poverty innovations worldwide. BRAC USA is an independent 501(c)(3) organization.
Sarah Allen, Communications Manager
Sunshine Sachs on behalf of Global Citizen