Schwab Foundation for Social Entrepreneurship

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As of 2005, the Foundation Board consisted of:

• Paulo Coelho (Brazilian author)
• Paul Hodge (Founder of the US Global Generations Policy Initiative)
• Quincy Jones (US Composer)
• Zanele Mbeki (First Lady of South Africa)
• Adolf Ogi (Former President of the Swiss Confederation)
• Lord David Puttnam (Chairman of UK's National Endowment for Science, Technology and the Arts]])
• Klaus Schwab (President and Founder)
• Hilde Schwab (Co-Founder)
• Muhammad Yunus (Managing Director of Bangladesh's Grameen Bank)

An excerpt from the founders' statement on the Foundation website[1], explaining the foundation's relation to the work of the World Economic Forum:

We wanted to create a mechanism that works from the bottom up. This approach differs from the approach of the World Economic Forum, which I founded 30 years ago. At the World Economic Forum we have built global communities that convene every year at Davos and also in different regions, to search for joint solutions to crises or problems at the macroeconomic and geopolitical level. At the beginning of the 21st century, it becomes more evident that social progress cannot depend only on high level cooperation among global decision makers, but also requires community-driven social entrepreneurship on a broad scale.

The Foundation will therefore complement the activities of the World Economic Forum. The Schwab Foundation will draw on the knowledge and constituents of the World Economic Forum, but otherwise it is a completely separate legal and financial identity.