A Partnership Forged in Purpose
While Matt Damon is a household name in Hollywood, his work behind the camera has arguably left a more lasting global footprint. In 2008, at the Clinton Global Initiative in New York, Damon met Gary White, a Kansas City-based engineer and water/sanitation expert. Both men were working toward similar goals: alleviating the suffering caused by the global water crisis. Recognizing that their combined efforts could scale faster than their independent organizations, they merged their initiatives in 2009 to officially launch Water.org.
Rethinking the Solution: Market-Driven Philanthropy
Traditional philanthropy often relied on the simple donation of wells. However, Damon and White realized that to reach millions, they needed a system that could sustain itself. They shifted focus toward 'WaterCredit'—a model that provides small, affordable loans to families who lack access to water and sanitation. These loans allow families to install home water connections or toilets, with repayment rates proving remarkably high. This system effectively 'recycles' funds, allowing the impact of every dollar to reach more people over time.
- Water.org focuses on sustainable, market-driven solutions rather than one-time donations.
- The organization has reached over 43.7 million people globally to date.
- To address lending gaps, the pair also founded WaterEquity, an impact investment manager.
- Small loans enable families to pay for their own clean water infrastructure, ensuring dignity and independence.
Traditionally, to build a well, the cost to get somebody clean water for life is about $25. With Water.org, the money gets recycled and goes back out, meaning you can get somebody clean water for life for $5 because heroic women are, one after another, paying these loans back.
— Gary White, Co-founder of Water.org
Expanding the Impact
The success of their collaborative model led to the creation of WaterEquity, designed to bridge the gap for lenders who lacked the capital to meet the growing demand for water-focused loans. By matching hope with resources and empowering local communities, the duo has moved the needle on a problem once thought to be insurmountable. As detailed in their book, 'The Worth of Water,' their journey highlights that while the water crisis is massive, the solutions are already within our reach through innovation and collective action.