Schwab Foundation for Social Entrepreneurship
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The Schwab Foundation for Social Entrepreneurship provides platforms at the country, regional and global levels to promote social entrepreneurship. The Foundation is a not-for-profit organization, founded in 1998. Its purpose is to "advance social entrepreneurship and to foster social entrepreneurs as an important catalyst for societal innovation and progress." The Foundation is under the legal supervision of the Swiss Federal Government. Its headquarters are in Geneva, Switzerland. Each year the Foundation selects 20-25 Social Entrepreneurs through a global “ Social Entrepreneur of the Year” competition.
Professor Klaus Schwab created the World Economic Forum as an independent not-for-profit foundation in 1971. In 1998, Klaus Schwab and his wife Hilde decided to create a second complementary foundation, the Schwab Foundation for Social Entrepreneurship, with the purpose to promote social innovation. Pamela Hartigan, who joined in October 2000, was its first managing director. The Foundation is financed from the initial endowment provided by Klaus and Hilde Schwab plus grants and fees for services provided to individuals, foundations or companies.
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In addition to identifying the world’s leading social entrepreneurs, the Foundation fosters peer-to-peer exchanges and community building between them (260 entrepreneurs in 2013), replication of their methodologies and connecting them with corporate, political, academic, media and other leaders. Social entrepreneurs participate in Forum initiatives and serve as experts for the Forum’s Global Agenda Councils. The Foundation works with selected companies to advance activities of social entrepreneurs and initiatives that support social entrepreneurship. The Foundation identifies rising social entrepreneurs under the age of 40 through its Forum of Young Global Leaders. Scholarship opportunities for executive education opportunities are offered to selected social entrepreneurs in conjunction with Harvard and Stanford Universities and INSEAD. Case studies on specific social entrepreneurs are provided to leading academic institutions to incorporate into undergraduate and graduate level courses.
As of January 2015, the Foundation Board consisted of:
- Hilde Schwab (Chairperson, Co-Founder)
- Klaus Schwab (Co-Founder)
- Rick Aubry (Social Entrepreneur & Educator, Tulane University)
- Paulo Coelho (Brazilian author)
- David Gergen (Director, Center for Public Leadership, John F. Kennedy School of Government, Harvard University, USA)
- Princess Mathilde of Belgium (Honorary Board Member)
- Zanele Mbeki (Former First Lady of South Africa)
- Muhammad Yunus (Managing Director of Bangladesh's Grameen Bank)