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Increasing International Philanthropy

ManyFutures, Inc.

www.developmentspace.com

  • Program Civil Society
  • Program Area Special Initiatives
  • Grant Amount $100,000
  • Grant Period July 1, 2002–June 30, 2003
  • Location Washington, DC, United States
  • Geographic Focus World

About this grant

Nearly three billion people in the developing world have limited access to the money or knowledge they need to get out of poverty. Channels for assistance are often slow, have high transaction costs and include huge access barriers. At the same time, there is unprecedented wealth, knowledge and expertise available outside official development channels. Many individuals, foundations and businesses wish to provide funding and services to developing countries, yet they face obstacles such as finding projects that meet their interests, determining the trustworthiness of the project sponsors, disbursing their money, and monitoring projects in developing countries.Funding will support DevelopmentSpace, a service component of ManyFutures, created to provide a platform to increase both the quality and quantity of international giving. The project will focus on two channels of giving: donor-advised funds and employee-giving programs; and will match development projects globally with potential donors through the Internet. Since its inception in February 2002, the Web site has expanded to include 135 projects in 47 countries with more than 850 active registered users around the world. ManyFutures was founded by two former World Bank employees in October 2000. Its mission and first project is DevelopmentSpace.