NPX, a company that is developing a model for non-profit investment, announced last Tuesday the creation of a financial instrument that ties donations and investments in charities to performance.
The idea is the brainchild of two-time cancer survivor Lindsay Beck, who co-founded NPX with Ms Catarina Schwab, and Ms Anna Pinedo, a partner at Mayer Brown. This approach to raising money for philanthropy has received backing by a series of boldfaced names, including Virgin Group founder Richard Branson and eBay founder Pierre Omidyar.
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