And the Winner Is ...
Recent Foolanthropy Articles
2006 was a big "Fooliversary" for The Motley Fool's annual charity campaign, Foolanthropy.
We've been running our interactive online drive for 10 years now. Along the way, we've learned an awful lot about how to give charitable decisions as much weight and consideration as we do our stock-picking. We've been introduced to hundreds of innovative, progressive, small- to mid-cap charities on our discussion board. Grameen Bank, for example, was brought to our attention and selected as a Foolanthropy recipient for years, long before it hit the big leagues by winning the Nobel Prize. And we're looking forward to another 10 years of supporting reader-nominated charities, making new discoveries, and educating our readers about how to donate wisely (or Foolishly, as the case may be).
Without further ado, here are the results of our tenth annual Foolanthropy campaign ...
This year, Fools raised a total of $337,429. Here's how it breaks down.
Co-op America, harnessing economic power to create a socially just and environmentally sustainable society, brought in the most money. With $169,425, we're very pleased to announce that Co-op America is this year's winner of the $10,000 bonus prize for the most Foolish favor. We're thrilled to be able to field such support for an organization that works with business, not against it, to make environmentally sound changes and educate the public about businesses' wise environmental and fair-trade practices.
The National Foundation for Teaching Entrepreneurship (NFTE) helps young people from low-income communities do better in business, school, and life by teaching them about entrepreneurship and financial literacy. It's not surprising that NFTE raised $91,341 from a community of people interested in educating themselves about finance. This is the first year we've reserved a space for a financial literacy-related charity, and we're very excited that NFTE was so well-received by our community.
Rare Conservation, taking a business-savvy marketing approach to saving critically endangered ecosystems around the globe, raised $30,047. We're delighted to support an organization that uses proven marketing strategies, more commonly seen at businesses than nonprofits, to help change destructive practices in critical areas of the globe. Read more about Rare's work in an interview with CEO Brett Jenks.
Room to Read, partnering with communities in the developing world to provide the lifelong gift of education to millions of children, brought in $25,266. The organization was founded by an ex-Microsoft (Nasdaq: MSFT) exec who, during his time as a "corporate warrior" for the company in Asia, discovered on a trip to Nepal that a local school had only four books, so treasured they were kept under lock and key. Room to Read is a wonderful example of corporate America giving back in a unique way.
Half the Sky, providing nurturing care and enrichment programs for thousands of orphaned children across China, raised $21,350. With all the talking we do about the prime investing opportunities in China right now, we're very proud to support an organization that gives opportunities to orphans in that country who would otherwise live a life deprived of the level of care that's taken for granted in many other parts of the world.
Just because our 2006 campaign is officially over doesn't mean we'll stop encouraging you to donate to these charities. In fact, we've found that a delightful side effect of Foolanthropy is that Fools tend to return to past picks, as well as nominees on the board that don't become finalists, that they identify with -- for years to come. This year, 2005 pick Humane Society of Louisiana, as well as one of this year's nominees, Wounded Warriors, reported substantial donations from people identifying themselves as Fools. And we've also heard about how our readers continue to support past picks Heifer International and Grameen. We've found that the awareness raised can sometimes be worth more in the long run than the results of a single campaign.
So here's a very, very big "thank you" from the Foolanthropy committee to everyone who supported Foolanthropy, and to everyone who reads up on how to become a wiser giver in the future at our "Giving Center" at www.foolanthropy.com. Check it out year-round for articles on topics including how to donate stock; how to become a volunteer; how to take advantage of tax breaks on charitable donations; and how to forgo party favors at your wedding to benefit your favorite charity instead. And don't miss our six-month check-in with this year's recipients to see how the money we raised was put to use.
- See how last year's charities spent the money.
- Check in with the Humane Society of Louisiana, a 2005 Foolanthropy pick, on the one-year Katrina anniversary.
- Hear what 2005 Foolanthropy pick Mercy Corps' CEO had to say about the recent war in Beirut.
And finally, we'd like to extend a big thank-you to Hilton Family Hotels, our very first Foolanthropy sponsor.
The Foolanthropy Committee
David Gardner, Co-Chair
Carrie Crockett, Co-Chair
Online editor Carrie Crockett was co-chair of the Foolanthropy 2006 and 2005 campaigns, along with David Gardner. She owns no shares of Hilton or Microsoft, although she does donate to the charities mentioned in this article. Microsoft is an Inside Value pick. The Fool has a disclosure policy.