Credit Suisse Philanthropists Forum November 16, 2012 New Day Asia.

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Presentation transcript:

Credit Suisse Philanthropists Forum November 16, 2012 New Day Asia

Inspiration of New Day Observed the human tragedy of trafficking and the sex industry in Asia Focus on addressing a specific area Active as well as passive engagement Create a tool for others to get more involved Break through the paralysis Know exactly where and how funds are spent Learn more about the issues affecting society Experience first hand in order to convey insights to others Filling the gap Support small, grass roots programs that may struggle to be funded Giving back in Asia Mechanism to actively contribute to the society that gives them so much

Structure: Keeping it Simple Donor circle Monthly direct debit / low entry point (affordable giving) High membership retention Budget forecasts Corporate and foundation partnerships 100% volunteer based Zero overhead Zero “fundraising”

How are we doing? Current membership > 80 members - consistent growth since inception Annual income of USD70k from members Supplemented by corporate co-funding of USD25k (Linklaters / Norton Rose) Funding USD343,000 disbursed to 15 charities in China, India, Nepal, Cambodia, Vietnam, Lao and Hong Kong since founding Size Average project funding of USD10k – 20k Current focus Creating long term impact by repeat funding for 4-5 projects

Seng Home, China Introduced by member 3 grants to date Significant challenges Meaningful engagement Impact: core needs provided funding security more girls with more opportunities

What we have learnt Flexibility is key Be an impactful early donor Determine boundaries of influence Balance growth with realities of volunteer model

Successes of our Model Simplicity Build relationships Tool for others Outsourced CSR Showcase for charities Charity driven Site visits Changing our lives

Thank you!