Venture philanthropists</li></li></ul><li>BC SVP: Overall Mission<br />What is venture philanthropy? <br />Makes time + money ‘investment’ in nonprofits<br />seeks entrepreneurial leaders, innovative approaches to social problems, leverage of other assets<br />How is this done ?<br />individuals pool funds<br />group jointly decides on projects to fund and support<br />
BC SVP: Grant-making Goals<br />To increase sustainability of Grantee organizations<br />To effectively engage Partners in helping Grantees increase sustainability<br />Current areas of support: <br />Women at risk<br />Children & youth<br />Social Enterprise<br />
Key Operating Principle: Sustainability<br /><ul><li>Emphasized throughout the Grantee/SVP partnership is
By the end of a three-year investment cycle, the enterprise or project should:
Demonstrate improved strength in one or more capacity parameters
Have developed a replacement for SVP's funding
Have built enduring relationships with one or more SV Partners and/or other high capacity volunteers.</li></li></ul><li>Key Guidelines<br /><ul><li>Grants of time + money are for program and/or capacity building
Grants are generally $30,000 annually for up to 3 years
Grantees must annually re-qualify, by making satisfactory progress toward stated goals
Sustainability must be clearly defined and discussed in goals throughout the granting relationship</li></li></ul><li>Decision Process<br />2-page letter of inquiry<br />Grants team assesses letters and selects 4 – 6 to develop full funding proposals<br />Teams of two Partners work with one nonprofit to help them develop a full funding proposal <br />Groups present proposals in person to Grants team<br />Committee chooses a finalist <br />All Partners vote on finalist<br />
Decision Process<br />Basic Scoring Criteria<br />Social Impact<br />Fit with SVP<br />Orientation to Sustainability<br />Ability to Collaborate<br />Commitment to Outcomes<br />
Decision Process<br />Social Impact:<br />How do you bring about positive change in the people who make use of your organization's services?<br />How do you assess the value of this change to them and their community?<br />Is there relevant research in your area that will support your statements about urgency of need or effectiveness of program?<br />Are you still small but you have an idea that could increase the numbers you reach and help and/or deepen the effect of your approach?<br />Can you succinctly demonstrate knowledge of the particular social problem you are addressing<br />
Decision Process<br />Fit with SVP:<br />What are your capacity-building goals?<br />What areas of expertise does your organization need?<br />Can you describe how you will make use of SVP volunteers in a way that relates to the above needs?<br />Is the point person who will be working with SVP confident with high capacity individuals?<br />How will SVP’s involvement make a difference to the success of the project (as compared to money only) ?<br />
Decision Process<br />Orientation to Sustainability:<br /><ul><li>Has your board discussed increasing your organization’s sustainability? Did specific goals & actionable items result?
Have you already sought outside sources of expertise and/or funding to help you address this issue?
What is your longer term (three-year) vision for your organization?
What aspects of its programs and operations would you most like to have not only preserved but also strengthened, in three years time?
What are your three-year goals for the project for which you are seeking support?
How will you support it beyond three years?</li></li></ul><li>Decision Process<br />Ability to Collaborate: <br /><ul><li>You collaborate with others working on the same social issue
Your group is tapped into relevant community networks
Your group attracts & makes effective use of volunteers
Your organization is committed to sustainable results
Your proposal outlines clear milestones & measurable outcomes</li></li></ul><li>Decision Process<br />Reasons your letter may not be chosen:<br />Unclear need or not compelling <br />Does not need substantive involvement by volunteers<br />Does not demonstrate an understanding of what SVP is trying to do or how to leverage SVP<br />Too much vision and not enough detail about how and what<br />Too much to do; underestimate challenges<br />Not financially feasible<br />Inconsistency with mission (yours or SVP's)<br />
All the Small Things<br />This presentation is available @<br />www.slideshare.net/bcsvp<br />LOI emailed to firstname.lastname@example.org<br />File Named<br />BCSVP_LOI_YourOrganization.pdf<br />