Last month, eight nonprofit investment opportunities “went out to market” for distribution to a broad funder audience as part of the launch of the Social Impact Exchange’s Scaling Marketplace. The marketplace provides a much-needed new infrastructure for aggregating capital from hundreds of co-funders to finance the scaling of dozens of effective initiatives on an annual basis. It enables funders across the country to join forces and connect easily with one another, and to evidence-based, game-changing nonprofits with the potential to have a major impact in health and education.
The Exchange’s Funder Working Groups serve as anchors for the Scaling Marketplace and play a key role in nominating nonprofit organizations for review, and then participating alongside Exchange staff in a multi-layered due diligence process on those nominees. Their due diligence focuses on concrete evidence of impact, scalability and financial sustainability, based on evaluation studies and a growth business plan.