The Social Enterprise Institute challenges its students to not only study impact investing, an emergent field within social entrepreneurship, but to apply the strategy to global poverty in ENTR2210: Social Impact Investing — Connecting Compassion and Capital and ENTR4506: Advanced Topics in Social Entrepreneurship in Developing Countries.
In these classes, our students analyze social enterprises driving innovative solutions to poverty and are able to invest in high-performing organizations through the generosity of our supporters.
For the Ubuntu Fund, see bottom.
2013 — 2014 Dean Tom Moore Honors Investment Pitch
$15,000 awarded to Aakar Innovations
$5,000 awarded to Empower Generation
$5,000 awarded to Livelyhoods
$5,000 awarded to VisionSpring
Spring 2013 — Nicaragua Capstone Impact Investing
$10,000 awarded to Chinantlan Juice & Fruit Cooperative — Nicaragua
2012 — 2013 Dean Tom Moore Honors Investment Pitch
$ 5,000 awarded to Manna Project International
$5,000 awarded to Micro Credit Limited - Jamaica
Spring 2012 — Nicaragua Capstone Impact Investing
$5,000 awarded to Manna Project International in La Chureca — Nicaragua
2011 — 2012 Dean Tom Moore Honors Investment Pitch
$ 10,000 awarded to One Acre Fund
$5,000 awarded to Njabini Apparel
Social Enterprise Institute founder, Dennis Shaughnessy, established the Ubuntu Fund, which supports the most economically disadvantaged students at TSiBA Education, the Tertiary School in Business Administration. SEI has partnered with TSiBA in the South Africa Dialogue of Civilization Program since 2008. This fund is used for TSiBA students who are experiencing economic hardships. Small amounts are released to these students, confidentially, to meet their needs such as food, transport to and from TSiBA and temporary housing. These funds provide the highly motivated students the ability to continue their education and pursue opportunities that would otherwise be unavailable to them.
The word “ubuntu” originated from a Bantu term meaning humanity towards others and is loosely translated to “I am because we are”. It is one of the principle philosophies in post-apartheid South Africa where Nobel laureate Archbishop Desmond Tutu explained that ubuntu is what held the nation together in finding our common humanity.
The Ubuntu Fund was inspired in part by a student whom Shaughnessy worked with in the South Africa Field Study Program. The student walked 2,000 miles from Rwanda to Cape Town, South Africa to attend college. The student has frequently been homeless and earns food money by offering his services as a nighttime security guard to wealthy South Africans to watch over their cars. For his graduation from TSiBA he rented a suit so not to show the Northeastern students his circumstances. He said to Shaughnessy, “Those are just circumstances; they are not who I am.”
The Ubuntu Fund is sustained by donors to the Social Enterprise Institute.