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Clinton Global Initiative kicks off annual powerhouse fundraiser Comment on this post ↓
September 25th, 2013 by Warren Swil

U.N. is not the only show

in New York City this week

President Bill Clinton hosts the world’s rich and famous at his annual “shakedown” this week. Click image to enlarge.

THE ANNUAL MEETING of the United Nations General Assembly is not the only high profile event in New York City this week.
Just down the street, President Bill Clinton’s hugely impactful Clinton Global Initiative is also holding its annual gathering of the world’s richest men and women, who are being asked to pull out their credit cards and donate (millions) to worthy causes.
It is a success story worth noting – and it certainly does nothing to hinder Hillary Clinton’s nascent campaign for the presidency in 2016.
It’s gratifying to see the former president – who came within an inch of impeachment – accomplishing so much good as one of America’s leading elder statesmen.

ACCORDING TO THE Clinton Global Initiative web site, the star-studded event is now in its eighth year.

The web site of the Clinton Global Initiative, now holding its eighth annual powerhouse meeting. Click image to enlarge.

“Established in 2005 by President Bill Clinton, the Clinton Global Initiative (CGI), an initiative of the Clinton Foundation, convenes global leaders to create and implement innovative solutions to the world’s most pressing challenges,” the site informs.
The annual gatherings are indeed studded with luminaries from around the globe.
“CGI Annual Meetings have brought together more than 150 heads of state, 20 Nobel Prize laureates, and hundreds of leading CEOs, heads of foundations and NGOs, major philanthropists, and members of the media.”
And its success at getting them to open their wallets should not be underestimated.
“To date CGI members have made more than 2,300 commitments, which have improved the lives of over 400 million people in more than 180 countries. When fully funded and implemented, these commitments will be valued at more than $73.1 billion.”
That’s definitely not chump change.
No less a luminary that CNBC’s Maria Bartiromo heralded the event in her story Clinton Global Initiative is ‘mobilizing for impact’ on Monday.
“The theme for this year’s gathering which is being held through Thursday is “Mobilizing for Impact,”encouraging the business and political leaders that make up CGI’s membership to go beyond making commitments to social change and identify the strategies that will lead them to lasting success,” Bartiromo wrote.

The Entrepreneur magazine story about the prize winning entries for start-up funds. Click image to enlarge.

Among the attendees, she noted, are some well known titans of global industries.
“Business leaders like Standard Chartered CEO Peter Sands and Cisco’s John Chambers will weigh in on identifying opportunities for growth and how they welcome customers from all over the globe,” Bartiromo wrote.
Also on the list is the Nobel Peace Prize winning-economist Muhammad Yunus, who will be a judge in the world’s largest student competition, an event that kicks off CGI’s Annual Meeting, where the winning team of social entrepreneurs receives $1 million in seed capital.

THE START-UP COMPETITION was highlighted Monday in Entrepreneur magazine in a story headlined Clinton Global Initiative Kicks Off With a High-Stakes Startup Challenge
Neil Parmar wrote:
“The 2013 Hult Prize, which kicks off the Clinton Global Initiative’s annual meeting for heads of state and leaders of businesses and nonprofits, will award $1 million to the sole startup idea that best secures food for undernourished communities – particularly for the 200 million people who live in urban slums.

Even the White House is promoting the former president’s annual event in the Briefing Room web site. Click image to enlarge.

“And each of the six teams of budding social entrepreneurs, who range in age from 22 to 32 and come from business schools from around the world, have already test piloted programs in developing countries.”
It’s not as if the concepts have not already been tested, Parmar added.
“All of the startup ideas have also already been incorporated into companies – another new requirement for the competition.
“The process is playing out so differently this year because, for the first time, the prize money won’t be funneled through a partner NGO or nonprofit, as it has in the past. Instead, it’ll be drip-funded directly to the young entrepreneurs and founders of the startups so they can implement their own plan.”
One can only be awed by the success of the former president not only in raising billions of dollars for several worthy causes, but also the way he cajoles and twists the arms of the rich and famous into doing good deeds.
Clinton is the ultimate empathizer.
That he can rub shoulders with all those corporate chieftains and get them to pony up is a feather in his cap.
It is a bright picture in an otherwise bleak scene emanating from the halls of power, especially in The Capitol this week.

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