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Genesis Foundation Inc.

Profile

Last Updated: 2016-03-15

At A Glance

Genesis Foundation Inc.

505 Park Ave., 4th Fl.

New York City, NY United States 10022-1106

Telephone: (212) 421-1185

URL: www.genesis-foundation.org

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2013-12-31)

Assets: $1,698,436

Total giving: $607,545

EIN

912120744

BRIDGE Number

5196971807

Additional Contact Information

New York tel. contact: (212) 421-1154

Background

Established in 2001 in FL - The Genesis Foundation was created in 2001 by a group of business leaders based in the U.S. and Colombia who saw a need for change and social innovation in the country, and found themselves in the position to help financially. They began their involvement with a single donation of $10,000. This started a chain of successful social investments targeted towards supporting local programs which had a track record of successful intervention in health and education: two areas deemed to have the most immediate, positive impact in terms of achieving solid, sustainable benefits among populations in need. Since then, the foundation has donated over $11 million to more than 90 organizations. The Genesis founders also created the Genesis Endowment, managed pro-bono as a separate entity to ensure that the seed funding source for the foundation remains consistent and in line with programmatic needs and expectations over the course of each year. In 2005, the foundation expanded by opening an office in Bogota, to become more directly involved with project activities on the ground and provide oversight and operational assistance to its grantees. In 2009, the foundation was legally incorporated in Colombia under Fundacion Genesis para la Ninez, to facilitate local fundraising activities, and encourage greater alliances with partners in the public and private sectors. In 2010, Genesis discontinued its health care line and chose to dedicate its resources to formal education, with a specific focus on projects prioritizing the needs of children up to the age of 12. Since 2011, the Genesis Foundation is in the process of changing its status from private foundation to become a public charity, which will open doors towards new sources of financing. The foundation today is recognized as one of the leading organizations in Colombia promoting innovative, efficient and results-oriented education and reforming preschool and primary school education.

Purpose and Activities

The foundation supports successful programs aimed at enhancing quality education with the purpose of providing underserved Colombian children better opportunities to develop and succeed, contributing to a more equal society.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

First Learning Steps

This program is a comprehensive early childhood care and education strategy (ECCE), supported upon the legal right of children in Colombia to receive quality early education. FLS works to support the basic care and growth of young children by offering services in health, nutrition and pre-school education from birth to the first year of formal schooling. The program's main objective is to foster the cognitive, social, physical and emotional development of children by involving their families, community and all others who are involved in their daily lives. FLS is part of the early childhood care and education national public policy "De Cero a Siempre".

Juventud, Educacion and Desarrollo Rural (Youth, Education & Rural Development)

This program was designed and validated as an educational model for schools operating in rural areas throughout Colombia. The model employs an approach proven to decrease drop-out rates and develop basic work skills and academic competencies for youth in these underserved communities. The program underwent an evaluation in 2010 by the Ministry of Education, which led to improvements in the core model. Today, the program is considered a cornerstone to the government strategy for improving the performance and function of rural schools.

Learning to Learn

An innovative and playful program that seeks to strengthen thinking and reasoning skills in young children. Learning to Learn is directed to preschool and elementary school students, in both public and private schools. This program uses classroom games and interactive exercises that teach logic and problem solving skills, and also includes a training model, evaluation tools, and validated curriculum materials.

Palabrario & Numerario

Palabrario & Numerario (P&N) is a program that aims to develop literacy and math skills in teachers and students of preschool and elementary schools. P&N assumes reading, writing and mathematics, as determinants in the construction of knowledge and cognitive development of children. This program therefore significantly favors the quality of the education of participating schools. Literacy and math are the basis of the successful performance in school and in the lives of students. The program has duration of three years and is mainly implemented in low-income populations at national level. We work in those municipalities and states in which local governments and education authorities show interest.

Fields of Interest

Subjects
  • Abuse prevention
  • Child abuse
  • Child welfare
  • Community and economic development
  • Computer literacy
  • Cooperative education
  • E-learning
  • Early childhood education
  • Economic development
  • Education
  • Educational management
  • Elementary and secondary education
  • Equal opportunity in education
  • Family services
  • Graduate and professional education
  • Higher education
  • Human rights
  • Human services
  • Public safety
  • Reading promotion
  • Secondary education
  • Social rights
  • Student retention
  • University education
International Interests
  • Colombia
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Extremely poor people
  • Students
  • Victims and oppressed people
  • Victims of crime and abuse

Financial Data

Year ended 2013-12-31

Assets: $1,698,436 (market value)

Gifts received: $1,096,469

Expenditures: $921,093

Total giving: $607,545

Qualifying distributions: $908,785

Giving activities include:

$607,545 for 9 grants (high: $186,470; low: $9,240)

$908,785 for foundation-administered programs