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Frequently Asked Questions
How will the Foundation raise funds for its programs?
For our pilot program, the founding members have pledged
approximately $20,000 from their own personal contributions, through
the 1 Paycheck 4 Ghana campaign. After a successful pilot, we will
launch a comprehensive fundraising effort that will include:
- Extending the 1 Paycheck 4 Ghana campaign to all Ghanaians
in the Diaspora.
- Submitting grants for funding from various large
- Soliciting support from companies in Ghana and North
- Extensive outreach to North American universities.
The Finance Committee is charged with determining a
reasonable fundraising target and deciding what portion of the funds
will be invested in a diversified portfolio including equities,
fixed income securities, venture capital and other social enterprise
initiatives that will generate a constant source of support for the
How will you achieve your long-term objective?
Credibility is the most important thing we need in order to
achieve our long-term goal. For Ghanaians in the Diaspora who want
to give back to Ghana, our challenge is to demonstrate that their
contributions, if sent to NEO, will be allocated as advertised to
achieve the maximum possible impact. Similarly, for Ghanaian-based
NGOs, our challenge is to demonstrate that the financial and
non-financial resources we offer are worth the inconvenience of
opening themselves up for screening, and the effort of competing for
our support. Since this level of credibility may take a long time to
develop, any participant in this undertaking must be committed to
the slow process of building a solid track record through
incremental wins and measurable positive impacts.
As a first step, the founding members have pledged
approximately $20,000 annually through our 1-Paycheck-4-Ghana
campaign. With these funds, we recently launched a pilot scholarship
program for underprivileged Senior Secondary School (SSS) students.
Over the next three years, we will raise more funds to
support our entire portfolio of programs. As we launch and expand
each of our initiatives over time, the quality and impact of our
programs, combined with strategic advertising and networking, will
establish us in the minds of well meaning Ghanaians and friends of
Ghana as a credible, impact-driven foundation.
How do you plan to expand into the rest of Africa?
Our goal is to create a paradigm that can be replicated all
over the continent by other African nationals who share our passion.
Ghana is where we know, so that is our natural starting point; but
imagine the ripple effect that would be created if various groups
from different African countries adopted our blueprint and rallied
their countrymen to join this campaign! Over time, we hope to impart
lessons learned from our successes and failures to help other young
Africans implement a winning strategy in their own homelands.
Why should I trust your organization?
- Each of the founding members is poised for great
professional success in corporate America. NEO is a labor of
passion. There are no financial rewards for any of us; we do not
- We will subject our accounts to annual financial audits
that meet the highest international standards. As part of our
Memorandum of Understanding, all partner NGOs must agree to
co-operate with our independent auditors to ensure sufficient
verification of the reported allocation and utilization of funds.
- We will publish all eligibility requirements online and
make selection processes as transparent as possible for all of our
programs. We are committed to ensuring that only those who need
assistance benefit from our programs.
- YOU can keep us accountable by joining one of our
sub-committees or any other volunteer opportunities that become
available. By helping us to plan and implement different projects,
YOU will have a say in what gets done with your financial
contributions, and witness first-hand, the passion and dedication
that characterizes our quest for a new and improved Africa.
- If you live in Ghana, you can volunteer to mentor NEO
scholars in your region, visit them and learn first hand, what
services they are receiving from us. If you live abroad, this
activity could be a small part of your vacation trips to Ghana!
How will you ensure that your partner NGOs on the ground
use your funds for the intended purposes?
We believe that there are many NGOs doing great things in
Africa. As a first step, we are committed to doing the necessary
filtration research to identify organizations we can trust. Beyond
that, our program designs incorporate performance-based incentives
that will ensure “best effort” participation from our partner NGOs.
In addition, we will continue to monitor each NGO’s activities
through trusted third-party reviewers in Ghana and stringent
Why are you not focusing on the HIV/AIDS epidemic in
The HIV/AIDS epidemic in Africa is receiving lots of
attention from domestic and international non-governmental
institutions. While more resources are clearly needed in this fight,
we are wary of spreading ourselves too thin with our limited
resources. In our own small way, we hope to create more awareness
among the youth through our educational and community service
programs. However, for a large scale focus on HIV/AIDS, we will
defer to other more experienced and strategically positioned
charities ... for now!
Are my contributions tax-deductible?
Yes, we have been approved under IRS code 501 (c)(3) status
in the state of New York. This makes all financial contributions
made in the US tax-deductible.