The Patterson Foundation Matches Nonprofit Earned-Income Startup Investments
The Giving Coast
SRQ DAILY WEDNESDAY PHILANTHROPY EDITION
WEDNESDAY FEB 15, 2023 |
The Patterson Foundation has matched $187,500 total in investments into four earned-income plans created by regional nonprofits participating in its Margin & Mission Ignition endeavor. The matches strengthened fundraising efforts toward the startup costs of the earned-income plans developed by each organization through Margin & Mission Ignition, a 30-month process to help nonprofits build organizational capacity, boost revenue and strengthen mission impact. The Patterson Foundation created Margin & Mission Ignition in 2015 to help nonprofits in our region adopt and implement earned-income strategies, giving them the opportunity to build entrepreneurial capacity and generate revenue that increases their opportunities to serve the community. No Margin, No Mission, a social enterprise and national consulting firm engaged by The Patterson Foundation, provides extensive guidance to each participating organization throughout the 30-month process as they create and launch a new or expanded revenue stream aligned with their mission and work. The matches covered up to 50 percent of the startup costs outlined in each organization’s earned-income plan, which catalyzed investments from other donors. Through these investments, the four following participating organizations were able to launch or expand services: Charlotte County Homeless Coalition, Resilient Retreat, Selah Freedom and Venice MainStreet. Visit thepattersonfoundation.org to learn more about Margin & Mission Ignition, or join the conversation using #TPFMarginMission on social media.
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