2014 Annual Report

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2014 ANNUAL REPORT CENTER FOR SCIENCE, TECHNOLOGY, AND SOCIETY THE

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“If we are going to solve the challenges confronting us—poverty, injustice, violence, war and disease, a degraded environment, climate change—we need social entrepreneurs.”

Sally Osberg, President and CEO of Skoll Foundation

On May 18, our inaugural Magis event celebrated social enterprise movement leaders Graham Macmillan formerly of VisionSpring (GSBI 2006) and now at Citi Foundation, and Skoll Foundation President & CEO Sally Osberg. SCU President Fr. Michael Engh, S.J., and Executive Director Thane Kreiner are pictured with them. Special thanks to Host Committee Chairs Maria and Wim Roelandts (not pictured).

“It is clear that it takes a lot more than good intentions to do sustainable good work. [Our] immersion trip demonstrated the great need, value add, and effectiveness of the Center's programs.”

Bob Finocchio, Chairman of the Board of Trustees at Santa Clara University

In December, Executive Director Thane Kreiner and Sr. Director of GSBI Pamela Roussos took guests to visit GSBI Alumni in East Africa. Pictured: SCU Board of Trustees Chair Bob Finocchio; Trustee Betsy Rafael; Jenn Kenning; Colin Miller; Advisory Board member Andy Paul; BanaPads CEO Richard Bbaale (GSBI 2012); and the BanaPads team.

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a letter to our stakeholders

Though our vision is ambitious, in the 2013-2014 fiscal year, the Center team made terrific progress executing an integrated strategy that animates the University’s 2020 Integrated Strategic Plan.

We successfully tailored our GSBI ® capacity development programs to the stage of social enterprise maturity. After a radical revision of curriculum and structure, we find that the GSBI Accelerator’s emphasis on investment readiness resonates with impact investors. GSBI Online, with the fourth cohort underway, helps more early-stage social entrepreneurs refine their business plans. In May, the fifth meeting of the GSBI Network, hosted at Santa Clara, focused on two initiatives: best practices for social enterprise incubators and accelerators; and student action research with social enterprises.

Our Impact Capital program has garnered significant brand awareness for Santa Clara and GSBI. In June, Program Director John Kohler was an invited speaker at an exclusive Vatican conference on impact investing. The demand dividend continues to gain momentum as an innovative alternative to equity, one that recognizes the constraints of frontier markets as well as the needs of social entrepreneurs and their investors.

The third cohort of Global Social Benefit Fellows departed in June for field placements in Uganda, Indonesia, the Philippines, Mexico, and India, where they are working on issues including women’s health, safe drinking water, livelihoods, clean energy, and supply chain transparency to foster fair employment practices. We are proud of the Fellows and other students engaged with the Center’s work: they are the planet’s future change leaders.

The integrative nature of our three core programs – GSBI, Impact Capital, and Education & Action Research – differentiates our approach to driving social benefit. Indeed, the Center connects Silicon Valley start-up DNA with the Jesuit ethos of serving the poor. We are grateful to you and all those who support us in our endeavors to accelerate global, innovation-based entrepreneurship in service to humanity. Thank you.

Thane Kreiner, Ph.D. Executive Director Howard & Alida Charney University Professor

"Thanks to GSBI's mentorship, Literacy Bridge's Talking Book program is now a rapidly growing operation, delivering life-saving health and agriculture audio lessons to the world's most remote villages."

Cliff Schmidt, CEO & Founder of Literacy Bridge GSBI Accelerator 2013 (cover photo)

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we believe silicon valley startup experience

“GSBI helped us articulate our value proposition, revamp our project design, and improve our grassroots communication. We have benefited immensely and are very grateful.�

Safeena Husain, Founder & Executive Director of Educate Girls GSBI Online 2013

online

GSBI Online helps early-stage social enterprises improve their business models and prepares them for more advanced training, such as the GSBI Accelerator. GSBI Mentors work with the social entrepreneurs over a six-month period.

The GSBI Network is a growing group of more than a dozen Jesuit universities and other mission-aligned institutions with the common goal of leveraging entrepreneurship and innovation in service to humanity. The fifth GSBI Network meeting held in May at SCU included Secretary of Higher Education Fr. Michael Garanzini, S.J.

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can help social entrepreneurs eradicate poverty

“It was wonderful joining the GSBI community. We benefited substantially from the program and excellent mentors.

I continue to connect with the mentors to seek advice on our tough business problems nearly a year after the GSBI Accelerator concluded.”

Nat Robinson, CEO of Juhudi Kilimo GSBI Accelerator 2013

The GSBI Accelerator prepares social enterprises for growing impact and securing capital investments. Entrepreneurs work with Silicon Valley executives who serve as GSBI Mentors and content experts.

The GSBI Accelerator Investor Showcase affords an opportunity to pitch to impact investors.

GSBI ONLINE 2013-2014 ADHIKAR Odisha INDIA Economic development All Our Kin US Economic development AP Power Solutions SOUTH AFRICA Energy Appropriate Energy Saving Technologies UGANDA Economic development Apopo AFRICA & SOUTHEAST ASIA Equality Bihar Development Trust INDIA Economic development Blue Planet Network WORLDWIDE Health BookBox INDIA Education Design Peak NIGERIA Energy Educate Girls INDIA Education Google Lit Trips WORLDWIDE Education Green Bio Energy Ltd. UGANDA Energy Home of the Elderly Consultancy CHINA Health Jiro-Ve MADAGASCAR Energy Maana Mobile SOUTH AFRICA Financial services MASCINCUENTAYDOS MEXICO Economic development MicroGraam INDIA Financial services MyRain INDIA Agriculture Nano-Ganesh INDIA Economic development Operation ASHA INDIA Health Pakistan Straw Bale and Appropriate Building PAKISTAN Equality Rangsutra INDIA Economic development

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RISE HAITI Economic development SkyPort ZAMBIA Health SpellAfrica Initiative NIGERIA Education STAMP KENYA Energy Tadreesna JORDAN Education Twothirds Water Inc. PHILIPPINES Health UpEnergy UGANDA Energy Veritas PHILIPPINES Economic development Village Energy UGANDA Energy GSBI ACCELERATOR 2013 AVANI INDIA Economic development Clínicas de Azúcar MEXICO Health Drishtee Development and Communication INDIA Economic development Good World Solutions WORLDWIDE Equality Husk Power Systems INDIA Energy Iluméxico MEXICO Energy Juhudi Kilimo KENYA Financial inclusion Kinara Capital INDIA Financial inclusion Literacy Bridge GHANA Education Lumeter Networks WORLDWIDE Energy Nishant Bioenergy INDIA Energy Spring Health Water INDIA Health

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we believe innovative investment tools

A S P EN NE T WOR K OF DE VE LOPMEN T EN TRE PRE NE U RS ( ANDE ) IN VESTMEN T M A NAG E M E NT T RA INING Impact Capital Director John Kohler leads the June ANDE Investment Manager Training in Mexico.

These week-long courses strive to develop coordinated diligence and financing practices within the impact investing sector. For his leadership of ANDE’s Capital Aggregation Working Group and his work with investment managers focused on impact around the world, John was named the ANDE Member of the Year in October, 2013.

Our Impact Capital program applies

IMPACT investment tools to build prosperity in CAPITAL underserved communities.

NEW WAYS OF FINA NC ING W OMEN -L ED BUSIN ESSES In collaboration with BAC International Bank, Inc. in Nicaragua, Enclude, and Agora Partnerships, the Center helped form a Variable Payment Obligation (VPO) program aimed at bringing financial inclusion to women-led businesses in Nicaragua. The VPO structure derives from the Center’s demand dividend innovation and focuses on cash-flow rather than asset-based lending. If this first pilot is successful, the program could see broad expansion to help micro-enterprises in many countries.

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should serve those who need funds most

“Money must serve, not rule! I exhort you to a generous solidarity and to the return of economics and finance to an ethical approach which favors human beings.”

Pope Francis

Pictured with Pope Francis, John Kohler presented at an invitation-only Vatican symposium on Impact Investing for the Poor . The Pope has called on the world to find ways to use money to serve people living in poverty, and specifically applauded impact investing.

MONEY MEETS MEANING SOCAP is the world's premier gathering of impact investors. Santa Clara provided thought leadership across four broad sessions.

IMPACT INVESTING AND SPIRITUAL BELIEF: BREAKING THE CYCLE OF PERSISTENT POVERTY Thane Kreiner, Ph.D., Executive Director INNOVATIONS IN CAPACITY DEVELOPMENT FOR SOCIAL ENTERPRISES Andrew Lieberman, Director of New Programs, GSBI IMPACT INVESTING: KEEPING BOTH THE INVESTOR & ENTREPRENEUR HAPPY John Kohler, Director, Impact Capital MOBILE TO THE MASSES: OVERCOMING BARRIERS TO SCALE IN THE MOBILE SECTOR Radha Basu, Director, Frugal Innovation Lab

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we believe in santa clara students

“Thank you to Anudip, iMerit, and everyone who allowed me to be a part of their family here in India.

It has been an unbelievable experience, and the people are what have made it so amazing.�

Melissa Bica Global Social Benefit Fellow 2013

TEC HNOLOG Y T R A INING FO R WOMEN IN IN D IA Melissa Bica (Computer Engineering 2014) provided hands-on instruction in HTML/XML coding to the trainees at the Anudip (GSBI 2005) Center near Kolkata, India. She taught basics of HTML and CSS. By the end, the women were able to create their own web pages with text, pictures, and hyperlinks.

S O L AR POWE R T O LIG H T U P UGAN DA Kevin Kozel (Mechanical Engineering 2014), Emily Albi (Mechanical Engineering 2014), and Katrina Van Gasse (Marketing 2014) interviewed micro-entrepreneurs for Solar Sister (GSBI 2011). While in Uganda, the three Fellows assessed the social benefits to rural women of selling, purchasing, and using portable solar lanterns.

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as the next generation of change agents

Our education program advances the Center's mission through learning, teaching, action research, and reflection.

EDUCATION and ACTION RESEARCH

“The Fellowship has truly been the most inspirational and stimulating experience I have had at Santa Clara University.

My time in rural Zambia shaped my vocational perspective in ways I never imagined.”

Jack Bird Global Social Benefit Fellow 2013

S U S TA INAB LE AG R IC U LT U RE IN ZAMBIA Boniface Hangala, the agroforestry technician for the Chikuni Jesuit Mission, instructed Jack Bird (Environmental Science and Political Science 2014) and Lynsey Cumberford-Palmer (Anthropology 2014) in sustainable agricultural production in Zambia. The Fellows conducted research into energy poverty, sustainable agriculture, and teaching strategies with rural Zambians in partnership with Lifeline Energy (GSBI 2012). While working for the Center, Jack enhanced the Center’s Energy Map. At his graduation in 2014, Jack was awarded the Nobili Medal.

RAD IO ED UCATION IN N EPAL Niki Agrawal (Psychology 2014) and Lizzy Donahue (Computer Engineering 2014) visited Nepali Youth, an organization that participates in radio programs offered by Equal Access (GSBI 2004). Niki and Lizzy conducted field research in Nepal to analyze the evolution from radio to mobile devices as well as social networking and funding opportunities.

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we believe in impact

232 90%

enterprises have completed GSBI programs

of GSBI Alumni are still in business

107 $96 million 604,699 million people positively impacted by these social enterprises

RAISED BY GSBI ALUMNI SOCIAL ENTREPRENEURS

MILES TRAVELED

40%

BY CENTER STAFF AND FELLOWS TO SUPPORT SOCIAL ENTREPRENEURS THIS YEAR

of GSBI Alumni are scaling and financially stable (3X the standard rate of for-profit ventures)

22.9%

fiscal year 2013-2014

39%

7.4%

30.5%

11.4% 74.6%

18%

40.3%

30.5%

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revenue

expenses

$ 2, 296, 222

$ 2, 093, 236

University Funding

Administrative

Gifts

Fundraising

Foundations and Corporate Grants

Programs

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Impact Capital

Education

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you can make a difference Want to help visionary people solve our world’s most pressing problems?

VOLUNTEER Get involved personally as a GSBI Mentor or help out at one of our special events. We have volunteer opportunities for every level of time commitment – from one day to long-term – and for every level of experience – from intern to CEO.

GIVE “Leading a social enterprise can be a lonely endeavor. The mentors I met through GSBI have brought decades of Silicon Valley experience to growing Good World Solutions and our impact. They’ve walked with us hand in hand, offering invaluable insight and tools on all issues strategic, operational, and financial. I would highly recommend the program.”

Heather Franzese, Executive Director of Good World Solutions GSBI Accelerator 2013

All of our programs depend on charitable support from people like you. You can sponsor a scholarship for a high-potential social entrepreneur or a student fellowship, or contribute to support all of our programs.

When you support the Center, your donation has an impact on those in poverty around the world.

attend HOLIDAY PARTY DECEMBER 10, 2014 MAGIS APRIL 30, 2015 ACTION RESEARCH OPEN HOUSE MAY 20, 2015 GSBI INVESTOR SHOWCASE AUGUST 20, 2015

Connect Get more info and sign up for our newsletter by visiting www.scu.edu/socialbenefit

THANK YOU TO OUR MENTORS Our deepest thanks to these women and men who dedicate their time and talents to serve as GSBI Mentors and Content Leads. They are the very lifeblood of GSBI programs and the embodiment of our mission.

Alina Adams Steve Albertolle Lynn Anderson John Apgar Juli Betwee Sandhya Chari Cynthia Dai Arvind Deogirikar Michael Duarte George Economy Jordan Engel Taia Ergueta Michelle Ewoldt

Jose Flahaux Stephen Goodman Melinda Griffith Brian Haas Tim Haley Larry Hambly Patrick Hehir Kimberly Hendrix Robert Hum Lakshmi Karan Theo Keet John Kohler Jamie Kole

Barbara Krause Kevin Kraver Dan Kreps Dennis Lenehan Ricardo Levy Anastasiya Litvinova John Lovitt Daphne Luong Bob MacDonald Sean McKenna Jeff Miller Ken Nussbacher John O'Keefe

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Sean O'Keefe John Orcutt Stephen Ozoigbo Andy Paul RL Prasad Francis Racquel Betsy Rafael Sundar Ramamurthy Dennis Reker Pamela Roussos Beena Sadavisan Bill Scull Sriram Sundararajan

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Elsbeth TeBrake Bret Waters Tracy Weatherby Steve White Phyllis Whiteley Michael Wray

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NOBILI HALL, SANTA CLARA UNIVERSITY 500 EL CAMINO REAL SANTA CLARA, CA 95053 408-551-6043 /CSTS.SCU

GSBI@SCU.EDU

@CSTSSCU

SCU.EDU/SOCIALBENEFIT

thanks to our donors for supporting our work $100,000 & ABOVE

$5,000 - $9,999

Ann S. Bowers Applied Materials Howard and Alida Charney* eBay Foundation Tim Haley and Ethna McGourty* Jeff and Karen Miller* Maria and Wim Roelandts* RNN 1999 Foundation The Skoll Foundation

GE Foundation Thane Kreiner and Steven Lovejoy Steve and Elizabeth Rafael Sue Siegel and Bob Reed Silicon Valley Community Foundation Skoll Global Threats Fund World Bank IBRD

$10,000 - $99,999

ANDE The Barr Foundation Capricorn Investment Group, LLC Mark and Estella Edwards Jose and Anne Flahaux Alejandro Garcia Peter and Linda Gardner Jim and Anne Koch Leavey School of Business Ricardo and Noella Levy John and Diane Lovitt Charles and Beth Perrell PYMWYMIC John M. Sobrato Margaret M. van Beunringen-McGovern Tracy Weatherby Christine Woodward

Aspiriant, LLC Ayco Charitable Foundation William and Susan Carter Charles Schwab Corporation Citi Foundation Bill and Claudia Coleman* Grace Colon Susan and Robert Finocchio, Jr. Fujitsu IT Holdings, Inc.* Grand Challenges Canada Global Alliance for Clean Cookstoves Larry and Anne Hambly Robert and Diana Jensen K.L. Felicitas Foundation Jennifer Kenning Lisa and Charly Kleissner John and Lisa Kohler Mark and Debra Madden* Brad and Victoria Mattson* Regis and Dianne McKenna* Andy and Lisa Paul Adolph and Rosemary Quilici* Larry and Barbara Sonsini The Tech Museum of Innovation Tel Aviv University The United Nations Foundation Meghan and Austin Woody*

$1,000 - $4,999

UP TO $999 Bryan and Colleen Adams Cyndy Ainsworth and Bob Nyden Louis and Kathleen Anastasio Spencer Arnold The Benevity Community Impact Fund Erin Berkenmeier John Boatright Randy Chun Phillip T. Cooke, S.J. Cynthia Dai Sherri and Arthur Douville Ernst and Young Foundation

John Fontana George Gale Cheryl Giurlani Ronni Goldfarb Jaime Gusching Michele Hannemann John and Mary Harrison Ali J. Hassan Elaine Hemenway Chris Hines Jeanne Hossenlopp Dennis and Thea Jacobs Jenifer and Flo Jayme Melissa Johnson Jen Jones Richard and Aimee Jones Peter and Judy Kennedy David and Karen Kleinke Thomas and Donna Kozel Kevin Kraver Alexander Larkin Le Moyne College Michael and Linda Lee Jenna Lugonja Peter and Monica Lyons Mark and Andrea Maxwell Emile McAnany and Rosemary Ellmer Michael and Colleen McCormack Mary McCue Gabriela Mena Christopher and Maureen Miller Alexander Molloy Athmane Nouiouat Ken and Loretta Nussbacher John and Marianne O'Keefe Sean and Jaclyn O'Keefe Participant Media Brian Partido Gary and Christine Pashby Joy and James Peacock Bill and Dale Phillips Ralph Rapp

Leesa Riviere John and Daphne Robinson Pamela Roussos Silicon Valley Social Venture Fund (SV2) John and Amy Seaholt Scott Shoemaker Robert and Debbie Siegel Amber Soulds Cassandra Staff John Staudenmaier, S.J. Albert and Rosemary Stuebing Anna Claudia Torrres Bonagura Bob Watanabe Michael White Steven and Nancy White Deborah Winter Clare Wylie

CENTER ADVISORY BOARD Jeff Miller, Chair Radha Basu Chris Bowers Bill Carter Howard Charney Bill Coleman Grace Colรณn Cynthia Dai Mark Edwards Peter Gardner Tim Haley Larry Hambly Lisa Kleissner John Kohler Jamie Kole Ricardo Levy Regis McKenna Vern Norviel Ken Nussbacher Andy Paul Sue Siegel John Staudenmaier S.J.

* Special thanks to these endowment fund donors for contributions that sustain our work years beyond their initial gifts.

This list reflects donations for our fiscal year from July 1, 2013 to June 30, 2014.

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