Major Gift Endows TechnoServe Fellows Program
ROSSLYN, VA. (December 4, 2023) – TechnoServe welcomed a significant gift that will support the organization’s climate work through the TechnoServe Fellows Program. The gift was made by Board Co-chair Rachel Hines and her husband Michael Cembalest.
This gift will benefit the TechnoServe Fellows Program, a highly competitive fellowship where proven business professionals lend their acumen to projects and country teams around the world. Fellows often lend much-needed skills in the field like industry analysis, business plan development, and financial modeling.
“TechnoServe is grateful for this generous gift and energized by the support it will provide for climate and nature projects in our Fellows Program,” said Will Warshauer, President and CEO of TechnoServe. “We hope that this gift inspires others to consider new ways to expand the impact of their contributions.”
In recognition of this generous gift and in appreciation of Hines dedication to TechnoServe, TechnoServe will select 10 Rachel Hines Fellows annually. These Fellows will focus on projects related to climate and nature, a significant priority for TechnoServe and an issue of special concern for Hines. By championing the Fellows Program, the gift will have an impact all across TechnoServe. The gift is structured in a way that will provide critical support over the next 20 years and make possible up to 200 Rachel Hines Fellows.
“TechnoServe work helps millions of people build better lives and protects our planet for future generations,” said Rachel Hines who currently serves as Co-chair of TechnoServe’s Board of Directors. “Its mission is near and dear to my heart. Michael and I are deeply honored to be able to play a part in furthering the impact of this great organization through this gift.”
Hines, a former Managing Director at J.P. Morgan, has been an active member on TechnoServe’s Board of Directors for 11 years. She previously participated in the Global Advisory Council and regularly visits TechnoServe’s work globally. Her husband, Michael Cembalest, is the Chairman of Market and Investment Strategy for J.P. Morgan Asset Management.
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Founded in 1968, TechnoServe is a leader in harnessing the power of the private sector to help people lift themselves out of poverty for good. A non-profit organization working in 30 countries, we work with people to build a better future through regenerative farms, businesses, and markets that increase incomes. Our vision is a sustainable world where all people in low-income communities have the opportunity to prosper.