Acumen is a nonprofit venture fund focused on building businesses that solve the problems of poverty.
Acumen is a non-profit venture fund focused on building transformative businesses that solve the problems of poverty. Their investments are aimed at delivering affordable, critical goods and services – like health, water, energy, housing, and agriculture – with a goal of improving the lives of 50 million of the world’s poorest people through innovative market-oriented approaches. Over 170 investors have pledged philanthropic capital, which Acumen Fund in turn invests in scalable, sustainable enterprises – nearly 35 to date – that are enabling more than one million rural Indians to have access to safe water; seven million families in East Africa to be protected from malaria; tens of thousands of women to receive microfinance loans in Pakistan; and more than 100,000 farmers in India to increase their income by purchasing drip irrigation systems.
About Our Grants
In 2014, the Woodcock Foundation provided the first installment, in the amount of $167,000, on a new three-year, $500,000 grant to Acumen. These funds are for Acumen’s ongoing efforts to link foundations, corporations, and individuals with social innovators who are working to find solutions to entrenched social problems. The grant is for general operating support, but Acumen will direct it toward the continued expansion and refinement of the Global Fellows Program.