Harvard Business School recently published a case study on the Freedom Fund, written by V. Kasturi Rangan and Courtney Han. It will be taught in the classroom starting this fall. The case study features not only a summary of our model and impact but also an interesting exploration of the questions my colleagues and I faced when determining how to strategically expand our work after a $35m gift from MacKenzie Scott. Here’s a summary:
The Freedom Fund founded in 2013 to end modern slavery had raised more than half its intended target (by 2025) of $200 million. In 2021, impressed by its decentralized-partnering style of operations, philanthropist MacKenzie Scott awarded the Fund a gift of $35 million over 5 years. The beauty of the gift was that it came with no strings attached. It was completely unrestricted for use the way the company’s management and staff deemed fit. Nick Grono, the organization’s first CEO was wrestling with the question of how to put the money to best use.
For more information and to purchase a copy, click here.