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Joelle O’Reilly-Hyland: Giving To Others

Joelle O’Reilly-Hyland is not as famous as Oprah Winfrey, but maybe she should be. Like Oprah, she’s built schools for girls in developing countries. But unlike Oprah, spent much more time building schools than on TV. Joelle O’Reilly-Hyland is also not as famous as Bill Gates, but like Bill Gates, she built her own, hugely-successful company from the ground and has given computers and education aid to children in all over the world. Like Gates, she says education is the key to the future, but she’s better known for charity work than for building software.

Just who is Joelle O’Reilly-Hyland? She is the founder and managing partner of Ounavarra Capital, LLC. Her firm manages investment funds, funds which are considered “alternative” investments because they have an altruistic bent that Wall Street’s money moguls ignore as they collect ever-larger bonuses whether shareholders make money or not. But Joelle O’Reilly-Hyland isn’t nearly as well known for her success at making money as she is for giving it away and for supporting education programs around the world, especially for disadvantaged girls.

Girls are deprived of education in most developing countries. Girls in these countries are considered extremely fortunate if they can even learn to read, let alone stay in school past second or third grade. Usually, they are forced into a life of domestic labor in societies where chauvinistic abuse toward women and girls is usually ignored and frequently condoned. They grow up as women caught in a continuous cycle of poverty that drags men down with them and keeps whole nations stuck in squalor. The key to breaking the poverty cycle is education, says O’Reilly-Hyland, especially those who’ve never had schooling.

As an active board member of Educating Girls Globally (EGG), Joelle O’Reilly-Hyland has donated funds and supported girls’ education efforts around the globe. In Rajasthan, the largest province in India, few girls ever went to school until recently. They were often married by the time they were ten or eleven and “kept” under supervision until being old enough to be sent off to their husbands’ homes. EGG’s efforts have helped 500 schools in Rajasthan enroll 99% if the girls in their respective district while improving academic performance at those schools for both girls and boys. Educating girls will double India’s global talent pool, and that can’t possibly be bad for business.

Joelle Wyser-Pratte: Believing in Goodness

Joelle O’Reilly-Hyland has always believed in the goodness of peoples’ hearts. But she’s never been naïve about her belief. She’s a successful business woman who founded a major investment company, Ounnavarra Capital; but she’s gone beyond just making money and giving it away. To borrow the term coined by Whole Foods CEO John Mackey, she practices capitalism with a conscience, and believes strongly that capitalism and business can be harnessed to catalyze significant social progress.

“We believe that challenges must be audacious, but achievable, tied to measurable goals. And understandable by all,” reads a mission statement of the X Prize Foundation, which awards cash prizes to organizations and projects that meet specific humanitarian goals. O’Reilly-Hyland is an active supporter of the X-Prize foundation and is also heavily involved with improving educational opportunities in developing countries. Educating girls is a major priority for Joelle and her husband, Paul O’Reilly-Hyland, who is also a partner in Ounavarra Capital’s charitable foundation by the same name that his wife started.

A severe decline in charitable giving is “an unfortunate byproduct of the global recession” Joelle O’Reilly-Hyland said late last year after she and her husband completed an Olympic Triathlon that raised funds for Ubuntu Africa. Ubuntu Africa provides assistance to African children who are HIV positive. Optimism is a key factor that drives Joelle O’Reilly-Hyland to keep doing the extra work that she does. You won’t hear her complaining because “some” doesn’t turn out to be “more”. She said after completing the triathlon that if the dollars she raised help at least one child, “then it [the effort] was worth it.”

As far as celebrity philanthropists go, Joelle O’Reilly-Hyland keeps a low profile. She’s an outspoken supporter of the Fabretto Foundation, a charitable organization that helps children in Central America that and is named for its founder, and Italian missionary. Google Wyser Pratte’s name along with Fabretto Foundation and you’ll find blog posts she’s written that praise the organization and which mention different ways to donate. But what you won’t find is any high-profile images of Joelle O’Reilly-Hyland on Fabretto’s website.

Joelle O’Reilly-Hyland’s charitable organization, the Ounavarra Foundation, has helped design innovative ways to make it easy for people to makes small, continuous donations over time to Fabretto and other foundations that are structured like annuities. O’Reilly-Hyland is a very successful finance strategist who founded Minerva Capital in the 1990s, but who never lost touch with financial fundamentals, as many money moguls do. The investment vehicles she created make it possible to efficiently collect very small donations from many people which add up to huge funds that can help millions of people improve their situation. The idea of large collections of many small sums is a concept largely forgotten in today’s business world.