| Ashoka | |
| Named After: | Emperor Ashoka |
| Logo Alt: | Logo of Ashoka |
| Formation: | [1] [2] |
| Founder: | Bill Drayton |
| Tax Id: | 51-0255908 |
| Status: | 501(c)(3) nonprofit organization |
| Headquarters: | Rosslyn, Virginia, United States |
| Location: | Sub-Saharan Africa, Asia, North America, South America, Europe, Middle East/North Africa[3] |
| Coords: | 38.8956°N -77.0719°W |
| Owners: | --> |
| Leader Title: | Chair, Chief Executive Officer |
| Leader Name: | Bill Drayton[4] |
| Leader Title2: | Leadership Group Member |
| Leader Name2: | Anamaria Schindler |
| Leader Title4: | Leadership and Impact Co-Lead |
| Leader Name4: | Diana Wells |
| Board Of Directors: | Bill Drayton, Sushmita Ghosh, Mary Gordon, Roger Harrison, Fred Hehuwat, Sara Horowitz, Felipe Vergara, Kyle Zimmer |
| Revenue: | $52,979,773[5] |
| Revenue Year: | 2021 |
| Expenses: | $40,874,251 |
| Expenses Year: | 2021 |
| Endowment: | $36,437,514 (2021) |
| Employees: | 111 (in U.S.) |
| Employees Year: | 2021 |
| Volunteers: | 324 |
| Volunteers Year: | 2021 |
| Purpose: | The creation of an association of the world's leading social entrepreneurs—men and women with system-changing solutions for the world's most urgent social problems—and fostering a global culture of everyone being a changemaker for the good of all. |
Ashoka (formerly branded Ashoka: Innovators for the Public) is an American-based nonprofit organization that promotes social entrepreneurship by connecting and supporting individual social entrepreneurs. Ashoka operates almost as a bank. The company loans money to help individuals achieve their financial goals and ideas. These individuals in turn become the people that others will try to follow by example. [6] Ashoka invests in over 3,800 social entrepreneurs in over 90 countries worldwide.[7] There is a growing world-wide demand for social services. Social entrepreneurs who have had some experience with activism will benefit more in the short term but will find difficulties in the long run. Social entrepreneurship also supports teens and gives them a way to flourish, to grow independently, [8] while continuning to find support from those around them. An example of this independence is the way that young Asian teens, whose ultimate goal is to attend and eventually graduate from college use the business skills that they have learned will go a long way to meeting this ultimate goal.[9] It is this change making experience that Ashoka offers everyone. globalization of social entrepreneurship benefits many. When jobs are created; not only does the economy benefit but society benefits as well from this entrepreneurship. But making sure that everyone involved receives the same number of benefits is a challenge. Not only is there a wealth discrepancy but exploitation has to be curbed in order for the positive benefits to increase. [10] There are some benefits to an organization that helps young people experience their dreams but there is also a lot of hard work involved. The bank does not loan money without sufficient evidence that the money would be put to good use, either back into the community or given to those individuals who promote social entrepreneurship. Those interested in making a change for the better will be able to achieve their dreams with the help of Ashoka. Ashoka uses open communication and the public platform to get ideas from the public. These ideas could change the way people solve difficult problems. [11] It is these ideas that form the basis of the social entrepreneurship concept.
Growing up, Bill Drayton was inspired by Mahatma Gandhi and the Civil Rights Movement.[12] Drayton wanted to mitigate income inequality through social entrepreneurship.[12] Drayton founded Ashoka in 1980.[1] [2]
The organization was named after the Emperor Ashoka The Great, the ruler of the Maurya Empire during the 3rd century BC.[13] Emperor Ashoka recognized the suffering that he had caused by unifying his empire, and he promoted religious and philosophical tolerance and the paramount importance of morality when working for the public.[14]
Ashoka identifies social entrepreneurs with solutions to social problems who seek to make large-scale changes to society. Ashoka searches for individuals who have vision, creativity, and determination and are motivated by public gain rather than personal gain.[15]
Social entrepreneurs who pass the selection process are called Ashoka fellows.[16] Each Ashoka fellow receives a financial stipend that they can use to pay for their personal expenses so that they can fully devote their time to the pursuit of their innovative social ideas. The size of the stipend is decided on a case-by-case basis, according to the cost of living in the entrepreneur's local area. The stipend is available for up to three years. The organization is very clear that the stipend is only for living expenses and not for funding the social entrepreneur's initiative or organization.[17]
Ashoka fellows are connected with successful entrepreneurs in order to help the fellows succeed in implementing their social ideas.[18] Ashoka fellows are expected to regularly participate in meetings with other Ashoka fellows. Ultimately, the Ashoka fellow is expected to convert an innovative solution into a self-sustaining institution.[19]
Ashoka funds the stipends by raising funds from donors, which it uses as venture capital.[20]
Of Ashoka fellows with ventures that are more than five years old, Ashoka says that more than 80% have had their solution implemented by others; 59% have directly affected national policy; and each Ashoka fellow is helping an average of 174,000 people.[21]
According to the organization, it does not accept funding from any government;[22] although it has partnered with governments on projects[23] and it received a $1,585,600 Paycheck Protection Program loan in 2020.[24]
While Ashoka says it does not petition governments for social change, it provides advice to organizations such as the World Bank when requested.[22]
While the United States Internal Revenue Service has approved Ashoka's headquarters as a 501(c)(3) nonprofit organization, and some countries consider Ashoka to be a non-governmental organization, Ashoka itself prefers the term citizen-sector organization in order to emphasize what it is, rather than what it is not.[25] According to Ashoka, citizen-sector organizations are groups of citizens who care and act to serve others and cause needed change.[26]