Alphamundi Foundation

Washington, DC   |  https://www.alphamundifoundation.org/

Mission

To catalyze and scale investment in social enterprises that seek to improve the lives of the poor.

Ruling year info

2016

Executive Director

Christine M Roddy

Main address

641 S St NW Fl 3

Washington, DC 20001 USA

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EIN

81-1764879

NTEE code info

International Economic Development (Q32)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Pre- and post-investment technical assistance to social enterprises in emerging markets

At its current stage of evolution, the impact investing industry still requires subsidized technical assistance (TA) to scale the ecosystem. AlphaMundi Foundation selects board-approved social ventures at critical stages of development and prepares them for commercial investment and their next stage of growth. To empower social entrepreneurs and incentivize lasting solutions, TA recipients share the costs of the service. AlphaMundi Foundation works with third party providers as needed and offers technical assistance in three capacity building areas: (1) financial planning and accounting: including budgeting, cash flow management, financial reporting and fundraising; (2) internal governance: including board structure and management, investor reporting, employee management and incentives, process development and HR policies and procedures; and (3) operations: including profitability analysis and modeling, supply chain optimization and information management systems. Through building the right platforms and a solid infrastructure, our support expedites the timeline for enterprises to attract capital and scale responsibly. As our social entrepreneurs grow, they incorporate the financing lessons, formalized processes and management structures into their ongoing operations to become increasingly self-sufficient.

Population(s) Served

The ability to quantify social return through the measuring and reporting on social impact is critical to building the impact investing industry. In addition, social enterprises that demonstrate measurable social return are more likely to attract impact financing and better equipped to determine the best interventions for poverty alleviation. To ensure that this model of impact measurement becomes an integral part of standard operations for social enterprises and a source of learning for the sector, the Foundation works to offer the following 4 services: (1) Analysis to improve third party certifications and ratings: we contribute a detailed improvement plan for Global Impact Investing Reporting Standards (GIIRS) Ratings, and we help track Progress Out of Poverty, Social Return on Investment and other proprietary measurement tools. (2) Longitudinal studies: we conduct studies over several years to evaluate long-term outcomes and impact. (3) Field Surveys: Beyond simple outputs, we examine the outcomes and impact of social enterprises' products and services. Finally, (4) Financial Support for Impact Measurement: we make grants because the completion of required reporting can create an excess burden on a growing company.

Population(s) Served

We believe that gender diverse teams lead to better financial and social outcomes and that empowering women and girls is core to achieving our mission. We are working with social enterprises in emerging markets to integrate gender considerations across their business model, agnostic of leadership or ownership structure or product and service orientation, with the aim of making gender a core business principle, akin to environmental sustainability or social impact.

Population(s) Served

The COVID-19 pandemic presents an unprecedented challenge to the global community, requiring businesses, governments and donors to work together. Small and medium enterprises (SMEs) in emerging markets that already face unique challenges will bear the brunt of the crisis. In emerging markets especially, revenues and demand have evaporated, supply chains have ground to a halt, exports have collapsed, and customers are increasingly slower to repay. What is needed is “cash flow resilience” (immediately) to help these SMEs weather the storm of COVID-19. Not only will these funds contribute to the short-term survival of these SMEs, but they will also catalyze in additional private sector investment.

We are repurposing existing funding and raising additional resources to support SMEs in emerging markets during this unprecedented time.

Population(s) Served

Where we work

Our Sustainable Development Goals

SOURCE: Self-reported by organization

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Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

AlphaMundi Foundation seeks to catalyze private sector investment to social enterprises that are developing market-based solutions that address one or more of the UN sustainable development goals. We target a leverage ratio of a minimum of 5:1 for all dollars raised by the Foundation. Thus, over the next three years we intend to leverage at least 15m of private capital to SMEs in emerging markets. Beyond the catalytic effect of building the industry, our target impact by SDG is as follows:

SDG 1: Support SMEs that collectively serve over 2m direct clients with income-enhancing goods and services, predominantly in rural areas of emerging market countries.

SDG 5: Support companies that integrate gender equity across their business operations, employing over 2000 local female staff and impacting over 3m women and girl beneficiaries. Research and publish findings that demonstrate the business case for integrating gender considerations in the business model of SMEs.

SDG 7: Support companies that provide over 1M households with clean energy solutions

SDG 12: Support companies that work with over 25K supplier farmers

SDG 17: Continue our partnerships and thought leadership with other stakeholders in the impact investing community

AlphaMundi Foundation works closely with its sister organization, AlphaMundi Group, to screen social enterprises that have the potential to scale nationally and internationally as leaders in their market, thus providing tremendous impact in the sectors in which they operate. AlphaMundi Foundation support, in the form of grants, guarantees, or other blended finance facilities, are designed to be very catalytic by de-risking the companies for private sector investment.

The Foundation is also leading a coalition of other like-minded impact investors to collect data and build the business case for gender lens investing in SMEs in emerging markets. We intend to facilitate trainings and convenings that will drive action and capital to the sector.

AlphaMundi Foundation has a demonstrated track record of working with SMEs, government institutions, and private sector partners to support SMEs in emerging markets and catalyze over USD 10m of private sector capital in the past two years. Foundation staff is supported by AlphaMundi Group, with a 10-year track record of operations in the impact investing sector. The Foundation is further supported with a Board of Directors that brings over 85 years of collective experience in impact investing, economic development, and pioneering innovative approaches to finance and market-based solutions to poverty.

AlphaMundi Foundation's core programs with SMEs span 2 focus areas:

1) Renewable energy for productive use: In the last two years we have launched or completed 22 projects with agribusinesses and renewable energy providers in 9 countries. We have catalyzed an expected USD 10m of private sector investment capital as of May 2020. We have leveraged over USD 90K of in-kind and cash contributions from TA recipients. WE have delivered an R&D grant to support the first mass-market approach to solar powered ice-making in East and West Africa.

2) Gender Inclusion: This year the Foundation is leading a research coalition that will collect data to build the business case for gender lens investing in SMEs in Emerging markets. Research will be collected from approximately 20 gender interventions (eight of which are led by the Foundation).

The Foundation team has a greater track record of working with companies in the AlphaMundi group portfolio that have achieved the following cumulative impact over the last decade:

SDG 1: 2.4M direct clients served by portfolio companies with income-enhancing goods and services. 88% of clients were rural. 360 families accessing dignified housing.

SDG 5: Over 3,377 women employed by portfolio companies representing approximately 40% of total staff. Women represented 47% of the direct client base overall with women and children representing a majority of indirect beneficiaries.

SDG 7: Over 770K solar home systems installed providing these households with clean energy

SDG 8: 9,656 full-time staff employed, all receiving at least baseline benefits including maternity leave policies

SDG 12: 26K smallholder supplier farmers supported

Financials

Alphamundi Foundation
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Operations

The people, governance practices, and partners that make the organization tick.

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Alphamundi Foundation

Board of directors
as of 5/19/2020
SOURCE: Self-reported by organization
Board chair

Lisa Willems

AlphaMundi Foundation

Term: 2016 - 2021

Tenke Zoltani

Impact Investment and ESG advisor

Tim Radjy

AlphaMundi Group

Brigit Helms

Independent Consultant

Richard Shumann

Vitas Group