Los Angeles, CA, December 25, 2014 --(PR.com
)-- Avasant Foundation, a 501(C)(3) not-for-profit organization headquartered in Los Angeles, California, today announced it has received a grant from the Rockefeller Foundation for $460,000 towards implementing jobs-focused Impact Sourcing initiatives in Africa.
The grant comes under the Rockefeller Foundation’s Digital Jobs Africa initiative, launched in May 2013 and whose goal is to impact 1 million lives in six African countries through job creation and skills development for youth who would otherwise have limited access to employment.
“We are grateful and deeply appreciate Rockefeller Foundation’s continued confidence in Avasant Foundation and for providing us this opportunity to make a difference in Africa and other parts of the world. Avasant was one of the initial proponents of Impact Sourcing and have had the privilege of working with the Rockefeller Foundation on one of the initial definitive studies on Impact Sourcing. We look forward to this opportunity to use our business expertise to support companies to adopt Impact Sourcing, which is a win-win for business and society, and will impact high potential but disadvantaged people, their families and communities” said Kevin Parikh, Avasant Foundation Chairman and Avasant CEO (@kevinparikh).
Avasant Foundation was instituted in 2013 by Avasant, a global management consulting firm, to further its corporate social responsibility initiatives by leveraging its expertise in digital technology services, globalization and economic development. Its mission is to identify and support programs that generate digital and knowledge services focused opportunities for under-privileged youth in developing economies.
“The Rockefeller Foundation is pleased to support Avasant Foundation, which given their expertise and experience in outsourcing across the globe, is well-positioned to take on this work to help companies adopt Impact Sourcing in Africa. As a result of this work, we anticipate that Avasant Foundation will contribute significantly to impacting 1 million lives in Africa by supporting business to purposefully participate in the global economy,” said Mamadou Biteye, Managing Director the Rockefeller Foundation Africa Regional Office.
Chitra Rajeshwari (@Chitra_R_), Executive Director for Avasant Foundation said, “This is further proof of the positive impact we are having in job growth in Africa and underscores our commitment to creating livelihood avenues for youth of today in a digital economy. These funds will be utilized for raising awareness, and educating and supporting buyers and providers to adopt Impact Sourcing by demonstrating its potential as an inclusive business practice.”
About Avasant Foundation
Avasant Foundation is an initiative aimed at promoting efforts to generate employment opportunities that will lift communities out of poverty. Every day, we aspire to add value to the lives of millions through our consistent efforts to help develop a sustainable community. www.avasantfoundation.org
About Avasant (@avasant)
Avasant, a leading global management consulting firm with areas of expertise in digital advisory, business & IT transformation, strategic sourcing, and globalization strategies, has operations in North America, Asia, Africa and Europe. Headquartered in Los Angeles, California, Avasant's talented team of consultants, lawyers and technologists average over 20 years of industry experience, and have conducted more than 1,000 engagements in over 40 countries. Avasant drives customer value through the use of proprietary consulting and advisory methods focused on enabling clients define strategies that leverage technology innovations for sustained competitiveness and growth, which have been refined over decades of real-world engagement experience. www.avasant.com.
About the Rockefeller Foundation
For more than 100 years, The Rockefeller Foundation’s mission has been to promote the well-being of humanity throughout the world. Today, The Rockefeller Foundation pursues this mission through dual goals: advancing inclusive economies that expand opportunities for more broadly shared prosperity, and building resilience by helping people, communities and institutions prepare for, withstand, and emerge stronger from acute shocks and chronic stresses. To achieve these goals, The Rockefeller Foundation works at the intersection of four focus areas – advance health, revalue ecosystems, secure livelihoods, and transform cities – to address the root causes of emerging challenges and create systemic change. Together with partners and grantees, The Rockefeller Foundation strives to catalyze and scale transformative innovations, create unlikely partnerships that span sectors, and take risks others cannot – or will not. For more information, please visit www.rockefellerfoundation.org
Avasant Foundation Contact: Ms. Chitra Rajeshwari, firstname.lastname@example.org, +1.415.244.9941,
Avasant Media Contact: Mark Ware (@markware14), Vice President of Marketing, email@example.com
Rockefeller Foundation media contact: Achieng’ Otieno, Regional Communications Officer, firstname.lastname@example.org,
+254 704 848792, @RockefellerFdn