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2005 Summer Fellows
Rachel N. Albert worked as a Summer Associate at Blue Ridge Foundation New York (BRFNY), a grant-maker and incubator for New York based nonprofit start-ups. BRFNY's mission is to help develop effective strategies for connecting people living in high poverty communities to the opportunities, resources, and support they need to achieve their full potential. The goal is to equip each organization in its portfolio with the skills and resources necessary to operate in a self-sustaining and independent manner. Rachel, an MBA/MSW dual degree student, worked largely at the foundation level, assisting with structural improvements to BRFNY's operating systems. In addition, she offered consulting and strategic support to a number of portfolio organizations.
Michael M. Choi interned with the Nonprofit Finance Fund Nonprofit Finance Fund (NFF), a community development financial institution that supports nonprofit organizations through direct lending services and financial advisory and consulting. Mike worked under NFF's Vice President of Program and Product Development in analyzing the financial statements and business models of over 60,000 mid-sized nonprofits in the USA to increase NFF's understanding of the distinct sub-groups of financial organization that exists in the nonprofit world. Mike's work will be used to change the way nonprofit finance is conceptualized and improve funding to NFF's nonprofit grantees.
Tami Chuang interned with the Greater Jamaica Development Corporation, a nonprofit that has worked for nearly forty years to transform downtown Jamaica (Queens) New York into a dynamic center of commerce, business and government services, and a place of cultural and higher education opportunities. The Corporation administers funding programs for small businesses, coordinates cultural development though the Jamaica Center for the Arts and Learning, provides technical assistance to industrial businesses through a partnership with York College, and conducts capital and real estate development to enhance the physical attractiveness of the area. Tami leveraged her background in City Planning and Urban Design to serve as GJDS's project manager for a mixed use development. Her chief responsibilities were centered on funding preparation for the development's site acquisition, and required an ongoing dialogue with potential lenders, city planning staff, and stakeholders to review and remodel existing funding procedures.
Rachel V. Gehrls worked as a marketing intern for Sesame Workshop, a nonprofit educational organization that addresses the critical developmental needs of children worldwide through television and radio, magazines, computers, film, video and educational outreach programs. She was primarily responsible for conducting retail and market analysis for key markets; assisting in the development of country-specific marketing plans, including brand positioning; and coordinating global trade marketing activities, leading the Workshop's efforts at the Licensing International tradeshow in New York in June. Rachel's long-term plans involve growing a nonprofit to supplement public school arts education in her hometown of Detroit.
Joshua Gelfman, a second term CBS student concentrating in Real Estate and Finance, joined the New York City Economic Development Corporation (EDC) in its efforts to stimulate more effective, cost-efficient business practices throughout New York. Drawing on his background in Urban Planning and the perishables trade, Josh assisted in several of EDC's endeavors: he worked with the Real Estate Development Group to forge partnerships to stimulate economic development in targeted areas of the city; he helped create new industrial development policy aimed at strengthening Hunt's Point Produce Market, the largest and most important produce market in the New York metropolitan area; and he collaborated with EDC's Vice President for Strategy on economic development policy initiatives and broader analyses of the City's wholesale and retail markets. Josh believes these projects broadened his understanding of public-private real estate partnerships, which he plans to use in the development of under-invested submarkets of New York.
Sabrina Huff served as a Summer Research Associate to Altura Capital Advisors, which provides research and strategic advisory services in the emerging and diverse managers’ space. Sabrina provided support in the evaluation of community development capital fund investment vehicles. Sabrina also contributed to the creation of ten case studies that analyzed four industries in New York that could be potential investment targets for the Fund, and she helped develop a list of organizations that currently offer technical assistance to businesses in the tri-state area.
Sue Igoe interned with Agora Partnerships. A start-up social enterprise based in Washington, D.C. and Managua, Nicaragua, Agora provides consulting, equity investment, and technical assistance to talented young entrepreneurs in Central America to help launch and develop socially responsible businesses. As Agora's first intern in Nicaragua, Sue worked with the enterprise's managing partners in creating a system for summer interns and volunteers. She also assisted in the design and implementation of Agora's entrepreneur search and selection process, and helped develop an outreach strategy to solicit potential local and international partners to support the fund.
Daiana Iqbal interned this summer with United Way of Essex and West Hudson (UWEWH), which is dedicated to strengthening the communities of northern New Jersey. Once primarily a fundraiser/fund distributor, UWEWH has transitioned to a more engaged role of community builder, and works to mobilize resources in the areas of early child development, education, substance abuse and HIV/AIDS prevention and awareness, health screenings and referrals, and mental health, housing, and employment services. Daiana interned at UWEWH's Center for Excellence, which works to increase the effectiveness of an array of community-based organizations through management training and technical support. She helped expand the programming and activities at the Center to increase its impact on the community and generate revenue for the United Way.
Jonathan Jacoby worked with Initiative for Global Development, a nationwide alliance of private sector leaders who are working to make global poverty alleviation a high priority among national policymakers. The organization seeks to build a national network of business leaders committed to its anti-poverty platform and is currently planning outreach events in ten major U.S. cities to take place in 2005. Jonathan worked to recruit IGD membership in the New York City metropolitan area by assisting in the organization and execution of a membership outreach event to be held in New York in late June. Jonathan, a dual MBA/MIA degree student, is planning a policymaking career in international development.
Hong Moo (Henry) Jun interned in the Country Analysis Unit at the Federal Reserve Bank of San Francisco. His primary responsibilities were to analyze Asian financial markets and to make supervisory plans to better incorporate Asian foreign banks into the U.S. market. Projects included conducting research on the growth and development of Korean-American banks and on the Indian financial system. Henry's long term goal is to help develop a stable and competitive financial system for Asian developing countries.
Lindsay Kruse spent ten weeks with the Robin Hood Foundation (RHF), which targets the root causes of poverty in NYC by providing funding and management assistance to poverty-fighting organizations. RHF focuses on four key areas of poverty prevention, including Early Childhood, Education and After School, Job Training, and Basic Survival programs, and hosts additional programs such as the Library Initiative (a joint effort with NYC public schools to redesign Federal public school libraries), the Earned Income Tax Credit Campaign (to assist those in poverty to maximize their tax credits), and the 9/11 fund (to provide security to organizations in large funding drops). Lindsay reviewed RHF's Early Childhood portfolio and analyzed the strategic costs and organizational structures of RHF's grantees. Lindsay was especially excited to build upon her consulting and quantitative skills in an organization that focuses on youth-development and poverty, two issues she feels deeply committed to.
David Lewis interned this summer with Echoing Green, a nonprofit that provides first-stage funding and support to visionary leaders with bold ideas for social change. Through a two-year fellowship program, Echoing Green helps social entrepreneurs and their organizations work to close deeply-rooted social, economic and political inequities to ensure equal access and help all individuals reach their potential. David devoted his energies to three main projects during the course of the internship. He worked to create a new pitch presentation for potential investors, helped develop a new education initiative targeted at both existing and budding social entrepreneurs, and analyzed the effectiveness of a new branding initiative recently undertaken by the organization.
Oliver Marquis interned at sweetriot, a socially conscious confectionary company that works to promote cross cultural understanding through innovative packaging. The company's first product, a dark chocolate covered cacao nib, comes packaged in a recyclable cacao tin that relates a fact about cacao and the countries in which it is produced. As an intern, Oliver assisted in the launch of sweetriot's initial products in its first set of retail markets, researching and creating a trade show recommendation, and developing a strategic media plan and press release for the launch. Oliver worked closely with sweetriot's founder to ensure that the company's marketing initiatives, from label designs to road show strategies, were all aligned properly with the mission and values of the company. He hopes to leverage his exposure to the inner workings of this socially responsible venture in his own future endeavors in socially conscious wine production and importation.
Tricia L. Morente split the summer between two organizations: Community Development Venture Capital Alliance (CDVCA) and Women's World Banking. CDVCA is a nonprofit that promotes the use of venture capital tools to create jobs, entrepreneurial capacity, and wealth to advance the livelihoods of low-income people and the economies of distressed domestic communities. Tricia worked with CDVCA's president to map the field of development venture capital and equity finance to provide perspective on CDVCA's role in the larger field; and assist CDVCA's Director of Research in collecting and analyzing data on the industry.
Women's World Banking is a microfinance network that works to expand the economic assets, participation and power of low-income women throughout the world as entrepreneurs and economic agents. Tricia conducted market research and industry analysis to explore expansion strategies by which retail microfinance institutions (MFIs) might grow their outreach. Tricia is a dual degree MBA/MIA student and plans to transition from business strategy consulting to a career in microfinance. She believes the combination of summer experiences gave her a broader understanding of high-growth microfinance and private sector development.
Aparna Mukherjee worked with the Alexander Abraham Foundation, which provides financial support to organizations that work in its two main areas of interest: environmental conservation and animal welfare; and economic empowerment and education for women in the Middle East, Asia, and Africa. Aparna served as Project Manager for a new initiative to build a network of pro bono service providers in the field of environment protection. The "AFF Network" will enable the Foundation to expand the scope of assistance it currently provides grantees, enabling organizations to grow their activities and further their missions through services and unlimited access to a network of experts in the field.
Andres Pardo interned at Banco de la RepÏblica, Colombia's Central Bank. The Bank's main objectives and goals, which are mandated by the Colombian Constitution, include preserving the purchasing power of agents in the Colombian economy, issuing local currency, formulating foreign exchange policy and managing the country's international reserves. Andres reported to one of the Bank's board members and worked on a project to analyze the behavior of pension funds in Colombia and identify problems in the current system of regulations that prevent these funds from maximizing returns in their portfolios or expose them to unnecessary risks.
Todd Riffey spent the summer in Lagos, Nigeria working with FATE Foundation USA, a nonprofit that works to promote business and entrepreneurial development among Nigerian youth by marshaling the resources, support, expertise, technology, and networks that exist in the United States. The majority of FATE's work involves the dissemination of education and consulting resources. Todd assisted a Nigerian entrepreneur, Tavia Technologies Limited, in developing more effective operating strategies, and taught least two classes as part of the FATE Short Entrepreneurial Courses program, a series of workshops open to the general public and designed to provide attendees with the business skills and networks necessary to succeed in business. The internship gave Todd insight into the obstacles to business growth in Nigeria, which he hopes to one day draw on in formulating U.S. policy around development in Africa.
Maury Stern split the summer between internships at Jubilee Enterprise of Greater Washington and the US Department of Treasury's Community Development Financial Institutions Fund (CDFI). Jubilee Enterprise helps address the need for affordable rental housing east of the Anacostia River in Southeast Washington, working to preserve low rents and provide community service programs for residents in over 320 housing units owned or operated by the Enterprise. Maury drew on his experience in management and financial analysis to assist Jubilee's housing director with rehabilitation efforts in the organization's Howard Hill development and to identify potential new affordable housing properties for acquisition by Jubilee.
The Community Development Financial Institutions (CDFI) Fund was created during the Clinton administration to increase economic development in distressed communities through greater availability of business and real estate financing, expanding the supply of affordable housing units, expanding access to financial and development services, and attracting private sector capital to CDFIs. Working under the Fund's Finance Manager, Maury was responsible for analyzing the assets in the Fund's loans portfolio. He also spent time with the Fund's Grants Management Division, learning the intricacies of the New Market Tax Credit. He plans to work in affordable housing development after graduation.
Rachael Strieter worked with Freedom From Hunger, a U.S.-based nonprofit that works through local partner institutions to provide financial, educational, and health services to very poor women and their families. Rachael worked within the Department of Program Services and was responsible for establishing the organization's first capacity center in Mexico to provide training and technical assistance. She also conducted market research to prepare for expansion into Peru and further expansion in Mexico, and examined the role of women in Freedom From Hunger's micro-finance model.
David Werlin spent the summer with St. Mary's Hospital for Children, one of the nation's pioneers in pediatric care. Located in Bayside, NY, the Hospital provides the full spectrum of medical care and related services to children, including social work, palliative care, respite care, home care and services for children with special needs. David worked under St. Mary's Vice President and Chief Medical Officer, and was responsible for providing business analyses and support to a group evaluating a new model of pediatric home healthcare delivery. In addition, he reviewed business and healthcare literature and prepared pr³cis for his supervisor. Dan believes the experience has helped him to narrow his focus and fine-tune his professional goals as he prepares for a career in health administration.
Helena Plater-Zyberk interned with UnLtd., a nonprofit trust based in London that supports social entrepreneurs with a combination of funding and practical support. UnLtd.'s grantees span the scope of social enterprise, with project missions ranging from creating after school centers and disability awareness training to watershed cleanup initiatives and refugee recreation centers. Working under UnLtd.'s Head of Policy and Research, Helena helped finalize the design of an "impact assessment" to aid the organization in a review of its project funding to date. Once the design was approved, she embarked on case studies of UnLtd.'s grantees, which served as the basis for the qualitative section of the full impact assessment. A student of social entrepreneurship and international business, Helena believes the experience gained in this internship will help her future work with entrepreneurs in Poland and other emerging market economies.
Shervin Youssef Setareh spent the summer with Dalberg, a professional services firm that provides consulting to decision-makers on global development issues with social, economic, and environmental parameters. A for-profit venture, Dalberg serves both the nonprofit and for-profit spheres in its mission to advance effective and sustainable development efforts, and has worked with such notables as the Global Fund to Fight AIDS, Tuberculosis and Malaria, the UN Development Programme, and the UN Commission for the Private Sector and Development. As a summer intern, Shervin's main project was to create a Business Guide to Non-Profits, providing businesses with easier access to top notch nonprofit players in various fields and facilitating more effective partnerships. To this end, Shervin developed indicators that can display a nonprofit organization's ability to engage in partnership with the private sector; conducted interviews with European and US NGOs, academics, and the private sector about performance in creating partnerships; and developed a mechanism and format for marketing his research. In addition to this primary assignment, Shervin also developed the structure and contents of country profiles for a United Nations Development Programme, and for a large US foundation researched best practices in IT utilization and organizational behavior when dealing with international assignees.
September 25, 2015
Social Enterprise Conference
September 14, 2015
Lessons on Social Investing with Acumen Global Fellows
Social Venture Innovators
Founder and CEO
Lending money to entrepreneurs whose endeavors are too large to receive microfinance loans but too small and risky to receive funding from traditional banks.
Founder and CEO
Hiring unemployed residents of financially underserved communities to install solar and energy-efficient technology for small businesses, nonprofits, and affordable housing.
Leveraging crowdfunding technology to reduce preventable maternal and neonatal deaths and disability.
View the Tamer Center for Social Enterprise brochure, Empowering Leaders to Change the World