The Millennium Foundation for Innovative Finance for Health is an independent, non-profit Swiss organization, established in November 2008 in order to create new ways to finance health systems in low- and middle-income countries. Based in

Geneva Geneva ( ; french: Genève ) frp, Genèva ; german: link=no, Genf ; it, Ginevra ; rm, Genevra is the List of cities in Switzerland, second-most populous city in Switzerland (after Zürich) and the most populous city of Romandy, the French-speaki ...

, Switzerland, the Millennium Foundation aims to ensure that international commitments on improving health care are met through the development of

innovative financing Innovative financing refers to a range of non-traditional mechanisms to raise additional funds for development aid through "innovative" projects such as micro-contributions, taxes, public-private partnerships and market-based financial transactions. ...

projects. Its first such project – called MassiveGood – was launched on 4 March, and will give travelers the possibility to add a $2, £2 or €2 micro-contribution to the purchase of a travel reservation, with all proceeds going to the fight against

HIV/AIDS Human immunodeficiency virus infection and acquired immunodeficiency syndrome (HIV/AIDS) is a spectrum of conditions caused by infection with the human immunodeficiency virus (HIV), a retrovirus. Following initial infection an individual ...

malaria Malaria is a mosquito-borne infectious disease that affects humans and other animals. Malaria causes symptoms that typically include fever, tiredness, vomiting, and headaches. In severe cases, it can cause jaundice, seizures, coma, or death. S ...

and

tuberculosis Tuberculosis (TB) is an infectious disease usually caused by '' Mycobacterium tuberculosis'' (MTB) bacteria. Tuberculosis generally affects the lungs, but it can also affect other parts of the body. Most infections show no symptoms, in ...

Mission and Activities

In 2000 the United Nations agreed to achieve eight international development goals by the year 2015, called the

Millennium Development Goals The Millennium Development Goals (MDGs) were eight international development goals for the year 2015 that had been established following the Millennium Summit of the United Nations in 2000, following the adoption of the United Nations Millenniu ...

(MDGs). Three of these goals are health related – to treat and fight life-threatening diseases, including

and

; to reduce childhood mortality; and to improve

maternal health Maternal health is the health of women during pregnancy, childbirth, and the postpartum period. In most cases, maternal health encompasses the health care dimensions of family planning, preconception, prenatal, and postnatal care in order to ens ...

. Despite repeated commitments to the three health-related

MDG The Millennium Development Goals (MDGs) were eight international development goals for the year 2015 that had been established following the Millennium Summit of the United Nations in 2000, following the adoption of the United Nations Millenniu ...

s and increased funding available for

development Development or developing may refer to: Arts *Development hell, when a project is stuck in development *Filmmaking, development phase, including finance and budgeting *Development (music), the process thematic material is reshaped * Photograph ...

and

still have appalling human and economic consequences in developing countries. Official Development Assistance has been increasing in the past few years but cannot keep up with the damage done by the economic crisis on low- and middle-income countries. In order to bridge this financing gap, the international community has looked into new funding mechanisms. The Taskforce on Innovative International Funding for Health Systems issued in June 2009 a report acknowledging the potential of innovative sources of funding: Innovative Financing projects that have sprouted up in the past decade include

Product Red Product Red, stylized as (PRODUCT) or (PRODUCT)RED, is a licensed brand by the company Red, stylized as (RED), that seeks to engage the private sector in raising awareness and funds to help eliminate HIV/AIDS in eight African countries, namely Es ...

, the

International Finance Facility The concept of an International Finance Facility (IFF) first was proposed in January 2003 by HM Treasury in conjunction with the Department for International Development of the United Kingdom. An IFF is designed to frontload aid to help meet the M ...

for Immunization, the

Global Fund The Global Fund to Fight AIDS, Tuberculosis and Malaria (or simply the Global Fund) is an international financing and partnership organization that aims to "attract, leverage and invest additional resources to end the epidemics of HIV/AIDS, t ...

, the

GAVI GAVI, officially Gavi, the Vaccine Alliance (previously the GAVI Alliance, and before that the Global Alliance for Vaccines and Immunization) is a public–private global health partnership with the goal of increasing access to immunization ...

and

UNITAID Unitaid is a global health initiative that works with partners to bring about innovations to prevent, diagnose and treat major diseases in low- and middle-income countries, with an emphasis on tuberculosis, malaria, and HIV/AIDS and its deadly co ...

is funded by a small tax on airlines tickets levied in 12 countries and budgetary contributions from 17 countries. Since 2006,

has committed over US$730 million to support 16 projects in 93 countries.

MassiveGood

MassiveGood, the Millennium Foundation's first innovative finance project, was unveiled at the

United Nations General Assembly The United Nations General Assembly (UNGA or GA; french: link=no, Assemblée générale, AG) is one of the six principal organs of the United Nations (UN), serving as the main deliberative, policymaking, and representative organ of the UN. Curr ...

on 23 September 2009 during a meeting of the Task Force for Innovative Finance for Health, spearheaded by UK Prime Minister

Gordon Brown James Gordon Brown (born 20 February 1951) is a British former politician who served as Prime Minister of the United Kingdom and Leader of the Labour Party (UK), Leader of the Labour Party from 2007 to 2010. He previously served as Chance ...

and World Bank President

Robert Zoellick Robert Bruce Zoellick (; ; born July 25, 1953) is an American public official and lawyer who was the eleventh president of the World Bank, a position he held from July 1, 2007 to June 30, 2012. He was previously a managing director of Goldman Sach ...

. The original idea was conceived by Jean-François Rial, the head of a French travel agency, after officials from George W. Bush's administration rejected the idea of a tax on airline tickets in the United States. MassiveGood gave travelers the option to make a $2, €2 or £2 micro-contribution towards major global health causes when they bought an airline ticket, reserved a hotel room, rented a car, or travel product. Funds were used to provide drugs to reduce child mortality, improve maternal health and combat

and

. These contributions went to the Spanish Red Cross and

, which has a wide range of partners in developing countries including the

Clinton Foundation The Clinton Foundation (founded in 2001 as the William J. Clinton Presidential Foundation, and renamed in 2013 as the Bill, Hillary & Chelsea Clinton Foundation) is a nonprofit organization under section 501(c)(3) of the U.S. tax code. It was e ...

UNICEF UNICEF (), originally called the United Nations International Children's Emergency Fund in full, now officially United Nations Children's Fund, is an agency of the United Nations responsible for providing Humanitarianism, humanitarian and Devel ...

, the

World Health Organization The World Health Organization (WHO) is a specialized agency of the United Nations responsible for international public health. The WHO Constitution states its main objective as "the attainment by all peoples of the highest possible level of h ...

UNAIDS The Joint United Nations Programme on HIV and AIDS (UNAIDS) (, ONUSIDA) is the main advocate for accelerated, comprehensive and coordinated global action on the HIV/AIDS pandemic. The mission of UNAIDS is to lead, strengthen and support an e ...

, the

Roll Back Malaria (RBM) Partnership Roll or Rolls may refer to: Movement about the longitudinal axis * Roll angle (or roll rotation), one of the 3 angular degrees of freedom of any stiff body (for example a vehicle), describing motion about the longitudinal axis ** Roll (aviation), ...

, Stop TB Partnership and the

Foundation for Innovative New Diagnostics The Foundation for Innovative New Diagnostics (FIND) is a global health non-profit based in Geneva, Switzerland. FIND functions as a product development partnership, engaging in active collaboration with over 150 partners to facilitate the develo ...

. Additional funding was aimed towards improving maternal and child health in the developing world. Supporters of the project included

Bill Clinton William Jefferson Clinton ( né Blythe III; born August 19, 1946) is an American politician who served as the 42nd president of the United States from 1993 to 2001. He previously served as governor of Arkansas from 1979 to 1981 and agai ...

will.i.am William James Adams Jr. (born March 15, 1975), known professionally as will.i.am (pronounced "Will-I-am"), is an American rapper, singer, songwriter and record producer. He is the founding and lead member of the musical group Black Eyed Peas. ...

Samuel L. Jackson Samuel Leroy Jackson (born December 21, 1948) is an American actor and producer. One of the most widely recognized actors of his generation, the films in which he has appeared have collectively grossed over $27 billion worldwide, making him ...

Susan Sarandon Susan Abigail Sarandon (; née Tomalin; born October 4, 1946) is an American actorMcCabe, Bruce"Susan Sarandon, the 'actor'" ''Boston Globe''. April 17, 1981. Retrieved January 21, 2021. and activist. She is the recipient of various accolades, ...

David Guetta Pierre David Guetta ( , ; born 7 November 1967) is a French DJ and music producer. He has over 10 million album and 65 million single sales globally, with more than 10 billion streams. In 2011, 2020 and 2021, Guetta was voted the number one D ...

Spike Lee Shelton Jackson "Spike" Lee (born March 20, 1957) is an American film director, producer, screenwriter, and actor. His production company, 40 Acres and a Mule Filmworks, has produced more than 35 films since 1983. He made his directorial debut ...

Mary J. Blige Mary Jane Blige ( ; born January 11, 1971) is an American singer, songwriter, and actress. Often referred to as the " Queen of Hip-Hop Soul" and " Queen of R&B", Blige has won nine Grammy Awards, a Primetime Emmy Award, four American Music Award ...

Yvonne Chaka Chaka Yvonne Chaka Chaka (born Yvonne Machaka on 18 March 1965) is a South African singer, songwriter, actress, entrepreneur, humanitarian and teacher. Dubbed the "Princess of Africa" (a name she received after a 1990 tour), Chaka Chaka has been at t ...

Paul Auster Paul Benjamin Auster (born February 3, 1947) is an American writer and film director. His notable works include ''The New York Trilogy'' (1987), ''Moon Palace'' (1989), ''The Music of Chance'' (1990), ''The Book of Illusions'' (2002), ''The Broo ...

and

Brian Greene Brian Randolph Greene (born February 9, 1963) is a American theoretical physicist, mathematician, and string theorist. Greene was a physics professor at Cornell University from 19901995, and has been a professor at Columbia University since 1 ...

. MassiveGood was launched on 4 March 2010 in the US, and successfully rolled out in Spain in June 2010. It was discontinued by the Board of the Millennium Foundation on 4 November 2011, citing insufficient returns "for such a micro-philanthropy initiative in today’s economic climate".

Structure

The Millennium Foundation is a public-private initiative governed by a Board composed of representatives of participating Governments, such as the United Kingdom, France,

Norway Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and t ...

, Brazil,

Chile Chile, officially the Republic of Chile, is a country in the western part of South America. It is the southernmost country in the world, and the closest to Antarctica, occupying a long and narrow strip of land between the Andes to the east a ...

, the

Republic of Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korean Peninsula and sharing a land border with North Korea. Its western border is formed by the Yellow Sea, while its east ...

and a representative of the

African Union The African Union (AU) is a continental union consisting of 55 member states located on the continent of Africa. The AU was announced in the Sirte Declaration in Sirte, Libya, on 9 September 1999, calling for the establishment of the Africa ...

; representatives of NGOs working on

and of communities living with diseases; and representatives of the

Gates Foundation The Bill & Melinda Gates Foundation (BMGF), a merging of the William H. Gates Foundation and the Gates Learning Foundation, is an American private foundation founded by Bill Gates and Melinda French Gates. Based in Seattle, Washington, it was l ...

and of the private sector. The UN

serves on the board as an observer. The Board of the Millennium Foundation is chaired by Dr.

Philippe Douste-Blazy Philippe Douste-Blazy (; born 1 January 1953) is a French United Nations official and former centre-right politician. Over the course of his career, he served as Under-Secretary-General of the United Nations, Special Adviser on Innovative Financi ...

, who currently serves as Special Adviser on Innovative Financing for Development to the United Nations Secretary-General

Ban Ki Moon Ban Ki-moon (; ; born 13 June 1944) is a South Korean politician and diplomat who served as the eighth secretary-general of the United Nations between 2007 and 2016. Prior to his appointment as secretary-general, Ban was his country's Minister ...

, and also acts as Chairman of the Board of

. Mr. Henk Mulder is the Managing Director and leads the strategic vision for the Foundation.

References

{{reflist

External links

The Millennium Foundation

UNITAID

MASSIVEGOOD
HIV/AIDS organizations Malaria organizations Tuberculosis organizations International medical and health organizations International organisations based in Switzerland

Mission and Activities

MassiveGood

Structure

See also

References

External links