Archive May 2014

  • Cynthia Massarsky, Social Impact Exchange at Growth Philanthropy Network
    Posted: May 6, 2014

    Zimmerman will offer a luncheon keynote address – Creating a Just Society through Movement Building – at the Exchange’s Fifth Anniversary Conference on Scaling Impact in June. In this preview, he talks with Cynthia Massarsky about what philanthropy can do to help more people in need, the key elements for successful collaboration, and the value of networks as a resource to help finance scale.

    You have said that “philanthropy offers a remarkable vehicle to combine vision and resources to further our country’s core principles of fairness and opportunity.” With so many marginalized and vulnerable people – particularly in low-income communities – what can and should philanthropy do differently to help more people in need?

  • Social Impact Exchange staff
    Posted: May 6, 2014

    Nonprofit organizations nominated to the Scaling Marketplace go through a rigorous due diligence process led by funders focused on specific fields who are members of the Exchange Working Groups. After completing due diligence, if Working Group members provide lead funding for a nonprofit, it is then shared broadly with other grantmakers across the country whose funding aligns with the nonprofit’s work. Distribution to a wide number of funders is accomplished through the Exchange’s online marketplace, via collaborations with existing national and local funder affinity groups and funder networks, as well as through peer-to-peer relationships.

    Here, two nonprofit CEOs share their impressions and experiences in the nomination and due diligence process, the benefits from participating in the Scaling Marketplace, and the results they’ve seen thus far.

  • Cynthia Massarsky, Social Impact Exchange at Growth Philanthropy Network
    Posted: May 6, 2014

    Developing a growth capital marketplace for nonprofit scaling initiatives requires time and a lot of hard work. With the help of numerous grantmakers who collectively sit on the Exchange’s Working Groups, together we are building a new system and infrastructure to facilitate a social investment process that easily and efficiently taps into and aggregates the collective resources available to fully finance top-performing nonprofits that are scaling.

    Since launching the Social Impact Exchange just a few years ago, we’ve learned a lot about what it takes to engage funders, test key elements of the process, and make adjustments as needed to institutionalize an efficient, transparent, and widely accepted mechanism for co-investment. To be sure, the creation of such a system is challenging and a task that is both supportive and disruptive to the usual ways of conducting business – whether for a foundation, a corporate benefit program, a wealth management advisory service, or other social investors. It involves new rules for the way the philanthropy operates.