IDEX, Africans in the Diaspora Announce New Partnership
FOR IMMEDIATE RELEASE
September 17, 2014
(San Francisco, CA, September 17, 2014) — The International Development Exchange (IDEX)* and Africans in the Diaspora (AiD) are pleased to announce a new partnership that aims to strengthen diaspora investments in home communities. The partnership will bring together two organizations committed to community-driven development and social justice philanthropy. AiD will operate as a legal entity of IDEX, receiving organizational, operational and programmatic support. The partnership is effective immediately.
“We are thrilled to support Africans in the Diaspora in its innovative work to engage the diaspora in active and transformative philanthropy,” said Rajasvini Bhansali, Executive Director of IDEX. “Since its founding, IDEX has worked to nurture social justice philanthropy that engages its partner organizations in the Global South as equals. We also believe strongly in the idea that diasporans around the world play a critical role in social transformation. AiD was founded on those values, and we are glad to provide the partnership and support the organization needs to continue its groundbreaking and critical work.”
“AiD was formed with the belief Africans abroad and on the continent have an important role to play in development in Africa” said Solome Lemma, AiD’s founder and executive director. “The African Diaspora send $60 billion to their families every year. If we can unleash even 1% of that amount, $300 million can go directly to community development efforts. The potential for impact is great. We are thrilled that IDEX recognizes this potential and has chosen to partner with AiD. IDEX is an organization that not only exemplifies the values of community-driven philanthropy and social justice, but one whose practice we respect deeply and from which we can learn tremendously.”
Over the coming year, IDEX and AiD will conduct targeted joint programming and outreach to engage diasporans in strategic philanthropy and to channel those resources to local, grassroots organizations that are transforming their communities. While AiD will function as a legal project of IDEX that is eligible for tax-deductible donations, it will keep its programs and communications independent. AiD will continue to be based in New York city.
Now in its 29th year, IDEX identifies, evaluates, and grows the best ideas from local leaders and organizations to alleviate poverty and injustice around the world. IDEX connects a passionate and engaged network of supporters to the visionary leaders and organizations creating lasting solutions to their communities’ most pressing challenges. Learn more: www.idex.org
Founded in 2012, AiD envisions a self-reliant Africa. AiD invests in bold African leaders and connects people with bold ideas to advance transformational change in communities. Through its Funds and Connections programs, AiD mobilizes and connects the resources, skills, and ideas of Africans on the continent and in the Diaspora to drive the development in their communities and beyond. Learn more: africansinthediaspora.org
*Thousand Currents changed its name from IDEX in 2016