The Human Act Eco System

Human Act is a non-governmental organisation (NGO) founded in March 2016, when Djaffar Shalchi and Ané Maró decided they wanted to do their bit to make the world a more just and sustainable place, free from extreme poverty. They decided to donate approximately USD 30 million, partly in cash and partly as some of the properties in which they had made their fortune over the last decade. In 2019 they decided to donate further USD 5 million. In other words, they transformed their business into a foundation. By transforming their business into a foundation, they gave Human Act a solid financial base. As a result, Human Act is funded from the annual profits from the properties and does not have to depend on external funding. As the ambitions of Human Act grew, Djaffar decided that more financing would be needed in the future. To pursue this goal, Human Act Development was established in spring 2021. Human Act Development is a venture fund investing in start-up companies. The venture fund was set up to support the Human Act Foundation with additional financial assets to strengthen the work of the foundation. Due to this, Human Act Foundation has been 100% self-financed and independent from the very beginning, with no requirement for external donations. Going forward the ambition is to enter partnerships that can help us to achieve our mission, strengthen advocacy for a wealth tax, and ultimately help finance the SDGs.