Carrie Rich - GGF
Company: Global Good Fund, Arlington, VA, USA
Company Description: GGF accelerates the development of young leaders tackling the world’s greatest social issues through entrepreneurship. We achieve this by investing both targeted human and financial capital in these leaders through our 15 month fellowship program. We support Fellows in their natural work environments, craft personalized Leadership Development Plans, and pair Fellows with executive coaches.
Nomination Category:Individual Awards Categories
Nomination Sub Category:Young Female Entrepreneur of the Year
Nomination Title: Carrie Rich, Co-Founder & CEO
Describe for the judges the activities and accomplishments of the nominated entrepreneur since the beginning of July last year (up to 525 words):
Carrie is the CEO and Co-Founder of The Global Good Fund (GGF), a nonprofit organization accelerating the development of high potential young leaders tackling the world’s greatest social challenges. Carrie and her team invests targeted human and financial capital in young entrepreneurs across the globe through GGF’s 15-month Fellowship Program.
To-date, GGF has invested in the leadership development of 28 entrepreneurs representing 18 countries and industries including education, technology, renewable energy, youth development, health care, water sanitation, and sustainable fashion. Carrie has grown GGF exponentially and works with nearly 200 GGF team members and volunteers as well as 7 Global Ambassadors in Bosnia, Malaysia, Kenya, Brazil, Spain, and NYC. Under Carrie’s leadership, GGF designed the Fellowship Program to prioritize female leadership, whereby there’s over 50% female representation in each cohort.
Carrie grew The GGF advisory members and coach network by 500% since GGF’s inception to include Nobel Laureate Professor Muhammad Yunus, the former CEO of Sallie Mae, CEO of Inova Health System, CEO of Washington First Bank, co-founder of Trulia, majority owner of Monumental Sports, Venture Capitalists, Presidents of universities, former President of T.Rowe Price, and other highly accomplished executives.
Carrie and The GGF team recently deployed a first-of-it’s-kind 360 tool (The 360 MIRROR), a leadership assessment ?designed for social entrepreneurs . The 360 MIRROR allows Carrie and her team to support not just the members of GGF’s Fellowship Program, but thousands of social entrepreneurs across the globe seeking to develop their leadership skills.
The 360 MIRROR is priced on a sliding scale for the full 360 MIRROR report and subsequent creation of individual Leadership Development Plans (LDP) and coaching services.
By creating these services, Carrie is transitioning GGF from an organization run on charitable support to a blended model of donations along with revenue producing services. This economic model allows GGF to move from supporting 10 entrepreneurs annually to 30 entrepreneurs annually. Further, more than 40,000 entrepreneurs globally have expressed interest in using GGF’s products and services.
Carrie has been published in Forbes, The Huffington Post, Inc., and Entrepreneur.com and has received the following awards and accolades in the past year:
- Washington Business Journal 40 Under 40 2015
- POLITICO’s ‘Women Who Rule’ Awards - Women Under 30 Who Rule Award 2014
- Social Venture Network (SVN) Innovation Award 2015
- Stevie® Awards for Women in Business - Silver in “Young Female Entrepreneur of the Year” category 2014
- Helios HR Apollo Awards - Finalist in the Hercules / Nonprofit Category (GGF) 2014 & 2015
- Social Enterprise Alliance 50 under 40 2014
- Africa Best Employer Brand Awards (Global CSR) - Leadership Excellence in Mentoring 2014
- Asian Social Innovation Leadership Awards - CEO of the Year 2014
- REALITY Global - REALITY Global Scholar 2014
- THNK Creative Leadership Program - Fellow Amsterdam Class 5 2014
- The Empact Showcase Top 100 (GGF) 2014
- The Leadership Foundry Women’s Governance Leader 2014
- US News & World Report, Leading Online Masters of Nursing Program 2014
Provide a brief biography of the nominated entrepreneur (up to 125 words):
At age 14, Carrie co-founded Teens for Technology, an organization dedicated to improving computer literacy. She is the Co-Founder of Blu2Green LLC, employing people with special needs to produce environmentally-friendly accessories made of recycled hospital waste. Carrie serves an adjunct professor at George Washington University, faculty at the Amani Institute in Kenya and was previously an adjunct professor at Georgetown University.
Carrie tested the theory behind The Global Good Fund while working at Inova Health System where she co-authored, Sustainability for Healthcare Management: A Leadership Imperative, a Handelsblatt's Top 5 Business Book.
Carrie sits on the boards of Chalant Health, Rezon8Capital, Women in Business, Ibasho, and the Halcyon House. She gives back to various community organizations and mentors more than a dozen young people.