Blogs tagged with Scaling Marketplace

  • 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.

  • Social Impact Exchange staff
    Posted: January 22, 2014

    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. 

  • Tamara Schweitzer, Social Impact Exchange at Growth Philanthropy Network
    Posted: January 21, 2014

    With the recent launch of the Scaling Marketplace, the Social Impact Exchange has established a new system and unprecedented opportunity for aggregating capital from hundreds of funders to finance dozens of effective scaling initiatives on an annual basis.  The marketplace launched with eight game-changing nonprofits (four health- and four education-focused organizations) that have been vetted for evidence of impact, scalability and financial sustainability based on evaluation studies and a growth business plan, and are supported by members of the Exchange’s Funder Working Groups.

    Here we provide a brief spotlight of the eight nonprofits in the Scaling Marketplace and their game-changing impact. For more in-depth information on each organization’s growth campaign, funders can sign up to join the marketplace at: www.socialimpactexchange.org/scalingmarketplace.

  • Cynthia W. Massarsky, Social Impact Exchange at Growth Philanthropy Network
    Posted: January 21, 2014

    Funders in two Working Groups at the Exchange engage collaboratively in the activities of building a new Scaling Marketplace that enables growth funding to flow more efficiently to high-impact nonprofits. As part of its work, each group identifies evidence-based nonprofits they feel should move to the next level of scale, and provides a portion of growth funding needed for each investment (“lead funding”) before distributing the opportunities to broader networks of potential funders who complete the amount needed. Cynthia Massarsky spoke with Education Working Group member Jennifer Hoos Rothberg (Einhorn Family Charitable Trust) and Health Working Group member Christopher Langston (The John A. Hartford Foundation) about their experiences in working with the collaboratives and their thoughts on the new Scaling Marketplace.