A Glimmer of Hope Foundation
The A Glimmer of Hope Foundation was founded by Texas-based philanthropists Philip Berber and Donna Berber to reduce extreme poverty in rural Ethiopia. In 2010, Philip and Donna were ranked #7 by Barron's in its list of '25 Best Givers' in the world, and dubbed as "capitalist crusaders," by the New York Times Magazine. From 2001 to 2010, the foundation had funded more than 4,000 projects throughout the country. A Glimmer of Hope also runs a local program within Austin for at-risk youth and senior citizens. Currently, their Board of Directors consist of the two co-founders, Philip and Donna Berber, Ryan Berber, Shane Berber, Santiago Montoya, and Jake Berber. Founding A Glimmer of Hope was founded by the Berbers in 2000 using $100 million in proceeds from the sale of online trading company CyBerCorp to Charles Schwab. The foundation uses a business-based model, with the goal of being a self-sustaining charity. The foundation is headquartered in Austin, Texas, and runs a national office in Addis Ababa, Ethiopia. Programs Since A Glimmer of Hope was founded in 2000, they have invested $85 million into Ethiopia, completing over 10,000 projects, and impacting 5,000,000 Ethiopian lives. By 2007, A Glimmer of Hope had