Press Release: iDE Honored as a 2023 Partner in Philanthropy by the Denver Business Journal — 14 November 2023
Denver-based iDE Recognized for Their Nonprofit Work to End Global Poverty by Powering Small-Scale Entrepreneurs and Building Robust Market Ecosystems
FOR IMMEDIATE RELEASE Contact: Kara Prior, myWHY Agency, Inc. for iDE (email: kara@mywhyagency.com)
Denver, CO – (November 13, 2023) iDE, a Denver-based nonprofit dedicated to ending global poverty, has been named a 2023 Partner in Philanthropy by the Denver Business Journal (DBJ) and sponsors Rose Community Foundation (RCF), Colorado Gives Foundation and the Colorado Nonprofit Association.
In its inaugural year, the 2023 Partners in Philanthropy Awards celebrate corporate generosity and community service, honoring businesses that are giving back and nonprofits that are transforming the region. Award winners will be recognized at the Partners in Philanthropy Awards Breakfast on Thursday, December 7, at the History Colorado Center (1200 Broadway, Denver). This year’s program will honor 14 nonprofits and seven for-profit organizations in the Denver metro area.
“We are deeply honored to be chosen for the Denver Business Journal’s 2023 Partners in Philanthropy Award and to be recognized in our hometown for our international work to end poverty,” said Lizz Welch, iDE CEO. “While iDE is a global organization trying to make a global impact, we are also a Colorado organization characterized by the innovation and ingenuity that is a trademark of our state.”
Some of iDE’s most recent accomplishments include:
iDE achieved carbon neutral status last year, aiming to become part of the solution to climate change.
In Cambodia, a major milestone was reached as 409,000 households (one in five people) now have a latrine installed by iDE-supported entrepreneurs, reducing open defecation more than any other country between 2015 and 2020.
In Ghana, 15,000 latrines have been installed as native iDE-supported entrepreneurs go door to door selling affordable, aspirational products to low-income households, again reducing open defecation.
Mozambique became iDE’s biggest country operation last year with projects totaling $40 million, powering small-scale agricultural entrepreneurs and farmers, boosting livelihoods and building resilience to severe weather events and other shocks among vulnerable communities.
In Ethiopia, Ghana and Zambia, iDE launched a major initiative to create opportunities for thousands of women—who are key to well-being among rural households—improving access to finance, information and technology.
iDE’s social return on investment increased last year, with every dollar invested across the globe generating an average of $12 in annual income for people living in low-income communities.
As of 2023, iDE’s 40th year of operation, the organization achieved the milestone of having impacted a total of 40 million people across the globe, boosting incomes and improving lives.
iDE believes in ending poverty by powering entrepreneurs and supporting them as they face the risks inherent in entrepreneurship, believing the reward is worth the risk. Access to basic healthcare, a secondary education or perhaps simply a flushing toilet at home are what occupy the dreams and aspirations of those seeking to take control of their lives in the developing world—and iDE believes people do better when they prosper on their own terms, for when they succeed, they benefit and inspire their peers as well as their entire communities. For iDE, it’s all about change, not charity.
Read about how iDE partners with a local company to create impact around the world.
About iDE:
iDE (International Development Enterprises) is a nonprofit organization dedicated to ending poverty. Our work within agriculture, sanitation, climate change resilience, and gender equality, stands out because we don’t simply provide handouts. Instead, iDE believes in powering small-scale entrepreneurs and building robust market ecosystems that lay the groundwork for low income and marginalized people to prosper on their own terms. iDE has almost 1,400 global staff – including those in Cambodia – and offices in 10 countries across Africa, Asia and Central America.
