Edna McConnell Clark’s Big Experiment to Mobilize More Capital to Help Kids – Inside Philanthropy

We’ve all heard the complaint: Nonprofits, even some of the great ones, just can’t get to the scale needed to have real impact. And funders, even ones that believe in these nonprofits, too often won’t lift a finger to help organizations really break out.

Well, here’s a story about a funder that set out to break this familiar pattern, and what it learned.

In 2007, the Edna McConnell Clark Foundation (EMCF) launched something called the Growth Capital Aggregation Pilot, which was a collaborative funding effort to mobilize $120 million in capital to “propel the growth of effective nonprofits poised for scale.”

The foundation was taking some big risks. It was taking a risk on the three social service grantees in which it initially made exponential investments. It was also risking its time and money, as it not only rounded up a number of funders to join the effort, but greatly increased its own investments.

via Edna McConnell Clark’s Big Experiment to Mobilize More Capital to Help Kids – Children | Youth | Grants – Inside Philanthropy.

Advertisements

One thought on “Edna McConnell Clark’s Big Experiment to Mobilize More Capital to Help Kids – Inside Philanthropy

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s