Editing The Hopewell Foundation
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The Foundation's consulting contracts also stipulate that should consultation with the Hopewell Foundation directly results in the development of a new technology (for example a new drug, metalic alloy or computer chip), the Foundation receives 35% ownership of that technology (and, thus, 35% of profits resulting from it) and a contract to buy the manufacturer's products at 55% of the best market price, after waiving its 35% profit share. | The Foundation's consulting contracts also stipulate that should consultation with the Hopewell Foundation directly results in the development of a new technology (for example a new drug, metalic alloy or computer chip), the Foundation receives 35% ownership of that technology (and, thus, 35% of profits resulting from it) and a contract to buy the manufacturer's products at 55% of the best market price, after waiving its 35% profit share. | ||
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As an NGO, the Hopewell Foundation also has a strong development (i.e. fundraising) mandate and seeks out donations from corporations and private citizens, as well as applies for government (foreign and domestic) and private grants. | As an NGO, the Hopewell Foundation also has a strong development (i.e. fundraising) mandate and seeks out donations from corporations and private citizens, as well as applies for government (foreign and domestic) and private grants. |