Ashoka's Venture Fund for Leading Social Entrepreneurs

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Key Staff Biographies Diana Wells Diana is President of Ashoka. Diana joined Ashoka in the 1980s after graduating from Brown University with a B.A. in South Asian Studies. She led the creation of Fellowship Support Services, the prototype for today’s Global Fellowship program, which links Ashoka social entrepreneurs to one another and to a wide array of information and supports. She also conceived and developed Ashoka’s widely respected Measuring Effectiveness program for impact evaluation. After a leave to pursue a Ph.D. in anthropology, she returned, serving first as Vice-President of Global Venture, and currently as President. Valeria Merino is the Vice-President for Venture and Integration and is responsible for the overall facilitation and oversight of the Venture process in Ashoka. A social entrepreneur for almost two decades, Valeria has been involved in the development and implementation of public policy in the areas of democracy, rule of law, transparency and civil society participation. Before coming to Ashoka, she was Director of the Venezuela Office of the Pan American Development Foundation and its Senior Civil Society Adviser. Since 1994, she has been a member of Transparency International and served on its Board; she also founded and led Ecuador’s TI chapter for fifteen years. Valeria was appointed member of the Council of the United Nations University based in Tokyo, from 1995-2001, by the Secretary General of the United Nations and the Secretary of UNESCO. The women who join Coopa-Roca, the design and sewing cooperative created by Ashoka Fellow Maria Theresa Leal (Brazil), gain self-confidence and steady income with flexible working hours, as well as a front-row seat at Brazil’s top fashion shows where their work has been exhibited.
Ashoka Financials Ashoka is entering a period of significant growth as we expand our work with social entrepreneurs, building a world where every individual can think & act as a changemaker. This upward trend is supported by a diverse donor base of business entrepreneurs, their foundations, corporations, family foundations, and individual supporters. For FY2006: • Total Expenses: $26.1 million USD • Total Revenue: $26.3 million USD For FY2007: • Estimated Total Expenses: $30.4 million USD • Estimated Total Revenue: $35.6 million USD Ashoka’s fiscal year closed August 31, 2007. Audited financials for FY2007 have recently been completed and are now available. Ashoka uses the accrual method of accounting. We are audited annually by Cleveland & Gotliffe, a Virginia CPA firm. The annual budget is approved by the leadership team, and then by the Board of Directors. Ashoka is registered as a 501(c)(3) charitable organization in the US. Our tax ID number is 51-0255908. Ashoka’s most recent audit and 990 are available upon request.
Page 1: Ashoka’s Venture Fund for Leading
Page 4 and 5: Executive Summary Ashoka is the glo
Page 6 and 7: Introduction to the Venture Fund Wh
Page 8 and 9: 2007 Fellows Supported by the Ventu
Page 10 and 11: Fund Structure and Operations The V
Page 12 and 13: Ashoka’s Selection Process NoMiNA
Page 14 and 15: Risks The risks associated with the
Page 18 and 19: Ashoka’s Global Reach Asia Fellow
Page 20: “Ashoka is a great global organiz

Ashoka's Venture Fund for Leading Social Entrepreneurs

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