Multi-Year, General Operating Support
We believe that change takes time, and that those closest to the work are best equipped to make important decisions. Our investees can depend on up to 3 years of unrestricted funding. We ask them to report on results, not financials.
Most grants nonprofits receive are restricted. Nonprofits have to spend the funds on specific programs (e.g. providing backpacks for students in need). They can only use a small percentage (if any) to cover their “overhead,” which can include anything from rent to the administrative assistant’s salary. We believe that this distinction is unnecessary and hamstrings nonprofits.
What impact is the organization having on our community? Can they demonstrate it? Have we built a partnership on a foundation of mutual trust? These are the questions we focus on. If the answers are solid, where they spend their grant dollars is irrelevant.