Listen to this article
The Trium Executive MBA class of 2012 have raised thousand of dollars from their classmates and and employers to invest in social enterprise initiatives around the world. Trium is one of the world’s top EMBAs - MBAs for working managers - and the degree is awarded by three business schools, the Stern school at New York University, HEC in Paris and the London School of Economics.
The Legacy Fund initiative was started by two of the programme participants, one of whom, Matt Wanderer, co-founded and directs a non-profit foundation called Evergift, which will administer the fund. The fund will lend money on an interest-free basis to projects for a period of two or three years. When the money is repaid new loans will be made.
The first project is Hand in Hand India, which focuses on eliminating child labour and empowering women. The chief executive, Dr Kalpana Sankar, is a Trium participant.
The Trium class of 2012 will finance the Legacy Fund in perpetuity.