Global Citizen, in partnership with NPX, launches the Global Citizen Impact Funds, calling on the private sector, impact investors, and philanthropists to make bold financial commitments toward ending extreme poverty.
Global Citizen, the international advocacy organization dedicated to ending extreme poverty, 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.
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, who provide the upfront capital necessary for our 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 and 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 design, manage, and implement a ground-breaking vehicle that can transform philanthropy and ensure we link funding with evidence-based, data-driven results.” Michael Sheldrick, Co-Founder and Chief Policy Officer, Global Citizen
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.