Nonprofit and Self-sustainability Team

NESsT was incorporated in 1997 and "sees fundamental flaws with the current paradigm in which nonprofit, civil society organizations (CSOs) compete for a limited pie of existing philanthropic resources. This reality makes many CSOs heavily dependent on short-term, project-based funding and prevents them from focusing attention on the longer-term, strategic development of their organizations and missions.

"The for-profit capital market includes a rich variety of financing sources (e.g., banks, venture capital and private equity funds, etc.) and financing instruments (e.g., bonds, equity, loans, etc.) for capitalizing the various stages of enterprise development (i.e., start-up, expansion and continued growth). Meanwhile, despite the tremendous diversity within the nonprofit sector, the nonprofit capital market relies predominantly on one single financing instrument -- the grant/donation -- for providing capital to organizations of various sizes, types, and stages of development. Many CSOs - particularly those smaller organizations working for social change and development -- remain highly vulnerable, underfunded and unsustainable." 

Directors
Source
 * Lee Davis - Co-Founder and CEO, NESsT, (California, USA)
 * Nicole Etchart - Co-Founder and CEO, NESsT, (Santiago, CHILE)
 * Rachel Golden - Rachel E. Golden Foundation, (Chicago, USA)
 * Jorge Mariscal - Partner, The Rohatyn Group, (New York, USA)
 * Felipe Medina - Regional Director for Latin America Private Wealth Management, Goldman Sachs, (Miami, USA)
 * Steve Smith (Chairperson) - Media for Development International, (Colorado, USA)
 * Richard Surrey (Secretary) - 1989 Partners, (London, UK)
 * Frank van Beuningen - PYMWYMIC, (Amsterdam, The Netherlands)

Europe Supervisory Board
Source
 * Zoltan Toth - (Chairman) - 3i Investments plc, (Budapest, Hungary & London, UK)
 * Robert Heinczinger - Tax Partner, Ernst & Young, (Budapest, Hungary)
 * Brian Wardrop - Partner, DBG Eastern Europe, (Budapest, Hungary)

International Advisory Network
Source
 * Ernest Boles
 * Matthew Cole - North Bay Equity Partners
 * Andrew Cummins - Explorador Capital
 * Javier Echarri - European Venture Capital Association (EVCA)
 * Moises Eilemberg - Pacific Onset Capital LLC
 * Mark Emanuelson - Cisco Systems
 * Stephen István Fehér - Sustainable Community Development Institute (SCDI)
 * Michael Gallagher - International Business Awards
 * Julian Garel-Jones - Polunin Capital Partners
 * Brian Gendreau - ING Investment Management-Americas
 * Richard Gilmore - The GIC Group
 * Grace Goodell - International Development Program, Nitze School of Advanced International Studies (SAIS), The Johns Hopkins University
 * Malcolm Hayday - The Charity Bank
 * David Heard - American International Group, Inc. (AIG)
 * Christian Hunt
 * Daniel Jinich - Acon Investments
 * Tim Kingston - Goldman Sachs
 * Luis Danton Martinez - Citibank
 * Hillary Mendelsohn - thepurplebook
 * Joanna Messing
 * Raluca Mihaila - Goldman Sachs
 * Kristina Perkin Davison - iEurope Capital
 * Christopher Rose - Squire, Sanders & Dempsey L.L.P.
 * Mary Ross - JPMorgan Chase
 * Richard Seewald - Alpha Associates
 * Laurie J. Spengler - ShoreBank International
 * Margaret Tallman - Hewlett Packard
 * Marie Trexler - Good Capital
 * Marco Vangelisti - Grantham, Mayo, Van Otterloo & Co. (GMO)
 * Tulio Vera
 * India Wardrop - King Cutler Group
 * William Watson - Société Générale Asset Management

Contact

 * Web: http://www.nesst.org