The Ubuntu Education Fund was established by CEO Jacob Lief. The goal of the charity was to raise money in order to bring education to poor children who live in the Eastern Cape province of South Africa, in the Port Elizabeth townships. Education, Lief believes, is the first step to changing your life. So, obviously eh believed that his foundation was doing something important and so he was rightly upset when he realized that they weren’t working as efficiently as possible. This gave way to the new Ubuntu Model that everybody is now talking about.
The Ubuntu Model was pioneered by Jacob Lief and approved by Andrew Rolfe and the rest of the board. The Ubuntu Model focuses on changing the way that charities raise money for their causes. Most charities end up raising money from any benefactor that they can find, unfortunately this means that their funds end up being highly regulated. Highly regulated funding ends up dragging down charities who need to see their funds reach very important destinations. Lief had to propose something that would fundamentally change the game while bringing Andrew Rolfe and the rest of the team on board.
Many folks do not realize it but benefactors are in complete control of how their donated money gets spent. This means that money awarded to a non profit can be tied up in regulations and earmarked for specific purposes. This is something that Andrew Rolfe and Jacob Lief wanted desperately to fix. Fortunately for Andrew Rolfe, a big benefactor of Ubuntu Fund himself, Lief had a quality idea.
Focusing more on the quality of investor was the deciding factor for Jacob Lief. Lief says, “We now go for high net-worth individuals or family foundations who understand that highly restricted funding isn’t worth our time.” Finding funding from sources that aren’t highly regulated is a big deal for non profits like the Ubuntu Fund. The Ubuntu Fund’s focus on quality benefactors has enabled the company to completely streamline their approach. With how effective this approach has been we definitely anticipate it being adopted by other non profits in the coming years.