What is EMpower?
|EMpower -The Emerging Markets Foundation is a not-for-profit organization that connects the resources of Emerging Markets (EM) professionals worldwide with the vitality of local organizations in emerging market countries.
Founded in 2000 by financial professionals from the EM community who wanted to give back to the countries where they did business, EMpower makes grants to local organizations working to improve conditions in their communities. EMpower UK was formed in 2007 when a group of London-based EM professionals wanted to add their resources and energy to the work being done by EMpower US. Recently, EMpower has incorporated in Hong Kong and is in the process of forming an Underwriting Group and a Board. Beginning in 2005, EMpower narrowed its focus to strategically invest in at-risk youth, aged 10-24 (see Why Youth?). We provide funding and other critical support to organizations in EM countries that are working to improve the lives of young people.
- Concentration on emerging market countries – at a time when many other funders are leaving to work in less developed countries.
- Focus on young people and the four critical building blocks for their future — education, health and wellbeing, livelihoods and leadership and community engagement.
- EMpower values donor input and engages donors in decisions about grants and in dialogue with grantee partners about the issues they face and their solutions.
- Streamlined, transparent, and highly cost-effective grantmaking model. We give 100% of funds raised from individuals to our grantee partners thanks to our Underwriters.
The term “EM country” commonly refers to industrializing nations of the world. Such countries are considered to be in a transitional phase between a developing and developed economy with middle (or lower) per capita income, and often marked by sharp economic inequalities. EM and developing countries constitute about 80% of the world’s population, and represent nearly 50%– and rapidly growing—share of the world’s economy.