ASN members may form an Advisory Board to engage with a Fellow’s organization. These are not formal Boards, but instead an informal arrangement of ASN members who feel passionately about a Fellow’s innovation, and want to support that Fellow’s organization. The ASN members become a resource to the Fellow and his or her team, offering strategic guidance, connections, ideas and feedback.
For instance, several ASN members in Miami, Florida joined together as an Advisory Board for Ashoka Fellow Felipe Vergara and his human capital financing organization, Lumni. Over two years, the advisory board helped Felipe’s team create a governance structure and establish for-profit and nonprofit Lumni Educational Investment Funds. A few ASN members also made seed investments in Lumni and eventually joined Lumni’s official board; for example, ASN member Alberto Beeck is now Chairman of the board of Lumni Inc. and a board member of Lumni Peru.