Local Markets

The Exchange is implementing local capital markets in specific cities where solutions can be scaled up locally.

Working Groups

Local markets are structured in a similar way to issue marketplaces with a cross sector funder working group consisting of 25-35 funders, including foundations, philanthropists, corporations and government. The working groups collaboratively identify and fund the scaling of evidence-based initiatives in their city that can drive large-scale impact in a variety of issues, including program replication, policy initiatives, system change efforts and more. They will collaborate with existing local and regional efforts and be housed within a local organization.

Funder Network

Local working groups will have a much broader network of hundreds of local philanthropists and foundations associated with the working group that review its investment recommendations for possible co-funding. Working Groups will work closely with local affinity groups to build networks of funders such as regional associations of grantmakers and community foundations. In this way a marketplace is created that is similar to a private placement marketplace  that leverages the combined funding of a large distributed network of funders.

Increasing Philanthropic Funding

The intent of local markets will be to engage a broader number of families in the funding of evidence-based programs. The goal is to increase the philanthropic capital in a region and consistently scale up top local initiatives that drive impact.