The Hidary Foundation

  • The Jack D. Hidary Foundation was initiated in 2001. Its primary aim is to catalyze scalable, self-sustaining programs in clean energy and economic development. The Foundation believes that driving market forces to focus on social challenges is the most sustainable pathway towards progress. The Foundation also supports causes in other areas such as the healthcare, the arts, education, international affairs.

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About

Economic Developement

The Foundation recognizes that no charity program will ever solve the problem of poverty alone. Only through a combination of innovative social enterprise and market forces can we hope to address the needs of the more than 2 billion people worldwide who live on less than $2 a day.

The Foundation targets microfinancial services as one component of the solution to the poverty problem. While microfinance initially focused on microlending, this has proven to be only one of several tools necessary to create a self-sustaining development program. The Foundation works with other organizations, academics and other practitioners to identify the best mix of tools in each geographical context.

The Foundation also focuses on the economic environment in New York City. The Foundation supports various private sector groups who work on improving the financial state of NY and increasing economic opportunities for the residents of the city.

The Foundation currently supports the following organizations:
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Trickle Up 

Icon_trickleup_logo_4Founded in 1979, the Trickle Up Program helps the poorest of the poor take their first step up out of poverty by providing them with conditional seed capital grants and business training to help them start or expand their own businesses. The organization empowers the world's most impoverished people in Africa, the Americas, Asia and the United States, to realize their potential and strengthen their communities.

The Trickle Up Program philosophy is simple: provide a way for people with the lowest income to start their own businesses, and they will seize the opportunity to help themselves - and this belief has been confirmed more than a hundred thousand times.

Jack D. Hidary is a board member of Trickle Up and participated in a panel discussion at Trickle Up's 2000 Annual Event.


 

Citizens Budget Commission Icon_citizensbudget

The Citizens Budget Commission is a nonpartisan, nonprofit civic organization devoted to influencing constructive change in the finances and services of New York City and New York State government.

CBC was founded in 1932, a time of great fiscal crisis, when a group of distinguished civic leaders decided to start a research organization that would analyze the City's finances, evaluate the management of City government, report on these matters to its members, and recommend improvements to municipal officials. In 1984 CBC expanded this analysis to the fiscal affairs of State government.

Jack D. Hidary is a Trustee of the Citizen's Budget Commission and sits on the the Budget Committee, the Technology Committee and the Innovations Committee.

Accion New York Small_accion_2

ACCION New York and New Jersey is a nonprofit organization that contributes to the economic development of the New York metropolitan region by providing loans and advisory services to individuals and small businesses that do not have access to traditional sources of credit.