Jacqueline Novogratz, founder and CEO of Acumen, isn’t your typical philanthropist. She’s a social entrepreneur, an investor, and a fierce advocate for dignity and economic opportunity for the world’s poorest people. Novogratz believes that poverty isn’t just about lack of resources; it’s about a lack of dignity and the ability to control one’s own destiny.

Acumen, a non-profit impact investment fund, doesn’t just give money away. They invest in companies and organizations that are creating lasting social and economic change. Think of it as venture capital for the poor, but with a focus on social impact alongside financial returns.

Here are a few key lessons we can learn from Novogratz and Acumen:

1. Invest in People, Not Just Problems:

Novogratz understands that poverty is not just a problem to be solved, but a complex issue rooted in systemic inequities. Acumen focuses on investing in people – entrepreneurs, innovators, and social changemakers – who are driving solutions from within their communities. This human-centered approach recognizes the inherent strength and resilience of the people they serve.

2. Embrace Risk and Experimentation:

Acumen embraces risk, investing in innovative and often unproven models. They understand that true social change requires experimentation and a willingness to learn from both successes and failures. This “learn-it-all” mindset is crucial for tackling complex social challenges.

3. Build Partnerships and Collaborations:

Novogratz emphasizes the importance of building strong partnerships and collaborations across sectors – governments, businesses, NGOs, and social entrepreneurs. By working together, we can leverage diverse expertise and resources to create more impactful and sustainable solutions.

4. Measure Impact, Not Just Money:

Acumen goes beyond traditional financial metrics. They measure impact through a variety of social and environmental indicators, ensuring that their investments are not only profitable but also creating meaningful social change. This focus on impact measurement helps to hold themselves accountable and demonstrate the value of their work.

5. Cultivate a Culture of Empathy and Dignity:

At the heart of Acumen’s philosophy is a deep respect for human dignity. They believe that everyone, regardless of their circumstances, deserves the opportunity to live a life of dignity and purpose. This focus on human dignity is essential for building trust and creating lasting, sustainable change.

How can you apply these lessons to your own life?

• Identify your own “poverty”: What are the areas in your life where you feel powerless or lacking in control?
• Invest in your own growth: What skills or knowledge do you need to develop to gain more control over your life?
• Embrace experimentation: Don’t be afraid to try new things and step outside your comfort zone.
• Build meaningful connections: Seek out opportunities to collaborate with others and build meaningful relationships.
• Focus on your impact: How can you use your skills and resources to make a positive difference in the world?

Jacqueline Novogratz is a true inspiration. Her work demonstrates the power of investing in people, embracing risk, and focusing on human dignity. By applying these lessons to our own lives, we can all contribute to building a more just and equitable world.