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Funder Working Groups
Funder Working Groups collaboratively identify and fund the scaling of evidence-based initiatives in their fields of education, health, poverty alleviation, and serve as the nucleus of each collaborative marketplace. Each group consists of 25-35 funders that includes foundations, corporations and government agencies. Funder Working Groups consider and fund a variety of initiatives that can drive scaled impact including replication, practice dissemination, policy initiatives, system change, and more.
Funding consists primarily of grant capital, but where appropriate loans are also used. The Impact Investing Funder Group works closely with the other Funder Working Groups to provide loans and PRIs to qualifying initiatives.
In December 2013, the Social Impact Exchange, spearheaded by its Funder Working Groups, launched the Scaling Marketplace, an online platform that enables funders across the country to easily connect to evidence-based, game-changing nonprofits with the potential to have a major impact in education, health, and poverty alleviation. The platform provides an opportunity for local and national funders to contribute to the growth capital campaigns of the selected nonprofits and help complete the capital needed for scale up. To learn more, visit www.ScalingMarketplace.org.
Each Funder Working Group will collaborate with a Funder Network -- a broader network of hundreds of foundations and other funders in its issue area that review its investment recommendations, for possible co-funding. Working Groups will work closely with affinity groups to build networks of funders that collaboratively fund scaling initiatives, locally and nationally. In this way a marketplace is created that is similar to a private placement marketplace in the for-profit sector that leverages the combined funding of a large distributed network of foundations. For more information on the working groups and how to participate see Working Groups.