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Schwab Foundation for Social Entrepreneurship
The Schwab Foundation for Social Entrepreneurship provides platforms at the country, regional and global levels to promote social entrepreneurship. The Foundation is a not-for-profit organization, founded in 1998. Its purpose is to "advance social entrepreneurship and to foster social entrepreneurs as an important catalyst for societal innovation and progress."〔Schwab Foundation for Social Entrepreneurship ("About us." ) Retrieved: 2013-08-06.〕 The Foundation is under the legal supervision of the Swiss Federal Government. Its headquarters are in Geneva, Switzerland. Each year the Foundation selects 20-25 Social Entrepreneurs through a global “ Social Entrepreneur of the Year” competition.
== History ==
Professor Klaus Schwab created the World Economic Forum as an independent not-for-profit foundation in 1971. In 1998, Klaus Schwab and his wife Hilde decided to create a second complementary foundation, the Schwab Foundation for Social Entrepreneurship, with the purpose to promote social innovation. Pamela Hartigan, who joined in October 2000, was its first managing director. The Foundation is financed from the initial endowment provided by Klaus and Hilde Schwab plus grants and fees for services provided to individuals, foundations or companies.
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