OUR STRATEGY FOR IMPACT
The Foundation’s philanthropic strategy is designed to create a significant and lasting impact. This strategy is driven by a set of impact vehicles that encompass grants, non-financial support, and program-related investments.
Financial Support
The Foundation’s Board of Directors collaborate closely to identify initiatives that align with our Theory of Action and have the potential for meaningful change. Financial support is provided through grants and program-related investments.
Grants are provided to individuals and organizations that operate on a not-for-profit basis; grant recipients are not obligated to repay grants.
Program-Related Investments are provided to entrepreneurs and businesses through low-to-no-interest loans and/or equity investments. These investments enable the Foundation to financially support other individuals and organizations, facilitating their growth, expansion, and increased impact over time.
Financial support is awarded to organizations and individuals through a vetting process directed by the Board of Directors and/or Board of Advisors. Funding priorities that inform these decisions must align with our Theory of Action.
We invite you to submit a proposal request for an opportunity to be considered. Based on data presented in this first step, we will follow up to inform you if there’s alignment with the Foundation’s mission necessitating continuation of the vetting process. Successful proposals funded by the Foundation should be able to clearly demonstrate how the implementation of the initiative they propose will benefit and amplify the Theory of Action.
Elements the committee will consider include impact, need, ability to implement, sustainability, efficiency, availability of additional funding, and the ability to be replicated.
Non-Financial Support
The Foundation provides non-financial support to individuals and organizations doing business aligned with our Theory of Action. This support includes, but is not limited to, access to business-building facilities and equipment, business mentoring, trainings on business fundamentals, and free or reduced-rate business services.
