The Inter-American Foundation (IAF) and the Charles Stewart Mott Foundation (Mott) are honored to be selected as a 2020 Finalist for Concordia’s prestigious P3 Impact Award in recognition of our public-private partnership (P3) fostering a strong community foundation sector in Mexico.
The IAF-Mott partnership model has the potential to reshape traditional international development approaches by giving local organizations true ownership over the ideas and resources for local development. In Mexico, the IAF and Mott provided funding to local philanthropic institutions known as community foundations so they can get technical assistance and more effectively raise local resources to fund grassroots initiatives. As a result, the partnership has created a more enabling environment for Mexican grassroots organizations to leverage local and national funds for greater impact. Mexico now boasts a network of community foundations, Comunalia, engaging more than 400 communities. Close to 30,000 people can now tap into local resources to create jobs, strengthen food security, build disaster resilience, and invest in opportunities for youth, women, and other underserved groups.
Concordia, the University of Virginia Darden School Institute for Business in Society, and the U.S. Department of State’s Office of Global Partnerships created the P3 Impact Award to recognize and honor leading P3s that improve communities around the world. The award, now in its seventh iteration, highlights leading practices and actionable insights gained through cross-sector collaborations that feature public, private, and/or nonprofit organizations and address societal problems. Past winners include UNICEF, Accenture, Coca-Cola, the Bill and Melinda Gates Foundation, Microsoft, USAID, and Hershey.
We look forward to sharing insights from our partnership at the 2020 global Concordia Annual Summit, September 21–25, where they will announce the P3 Impact Award winner.
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For more information, contact Rebecca Nelson, Media Liaison: rnelson@iaf.gov, +1 (202) 683-7188
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