The Ubuntu Education Fund has been undergoing some major changes in recent months thanks to the work of CEO Jacob Lief and Andrew Rolfe — a chairman on the Board of Directors. The Ubuntu Education Fund has risen to fame thanks to its focus on reforming South Africa by helping impoverished children get the help and funding required in order to pursue education. Lief’s goal is to change lives with the Ubuntu Fund and thus far he has been well received for it. Still, there is much to do and that is why the Ubuntu Education Fund has been undergoing some changes.
Jacob Lief was on a speaking tour at the World Economic Forum for their annual meeting in Davos when he came to a screeching halt and a sudden conclusion. Lief says, “It was nonsense. The money was flowing in but we weren’t changing people’s lives.” It is this sentiment that many people don’t truly understand in relation to non profits and benefactors. A non profit can have a ton of money coming through the donations channel but it can be so tied up and beholden by regulations as to make it almost worthless in their day to day operations.
Lief had to approach the board of directors, including chairman Andrew Rolfe, in order to remedy the situation by focusing on a new kind of funding requirement. Lief says, “We now go for high net-worth individuals or family foundations who understand that highly restricted funding isn’t worth our time.” Lief’s new outlook on fundraising for the Ubuntu Fund is called the Ubuntu Model. The Ubuntu Model is going to be a huge difference maker for non profits all around the world. Andrew Rolfe and the rest of the board of directors were quick to sign off on this new fundraising attitude as it appeared to be quickly paying dividends.
Now, Andrew Rolfe would be the first to admit that their budget has shrunk since the change. However, the money that is coming in is coming without any sort of strings attached. As a result, Andrew Rolfe can happily watch the money go where it needs to go.