Local nonprofits that developed entrepreneurial plans to strengthen their missions will receive a boost from The Patterson Foundation through a new matching challenge. Contributions made toward the startup costs of each organization’s earned-income plans developed through the Margin & Mission Ignition initiative will be matched dollar for dollar up to 50 percent of each organization’s startup capital requirements through Jan. 31, 2017 -- jumpstarting each nonprofit’s ability to implement entrepreneurial plans that strengthen their capacity to serve the community.
The Patterson Foundation created Margin & Mission Ignition to help nonprofits in our region explore, develop and implement strategies that increase entrepreneurial capacity, boost revenue and strengthen mission impact. Each organization participating in the 18-month process is receiving extensive guidance from No Margin, No Mission, a social enterprise and national consulting firm engaged by The Patterson Foundation. With the success of the match, The Patterson Foundation will have invested $750,000 benefiting more than a dozen nonprofits that participated in the initiative over the past two years.
“In a resource-challenged world, even the most compelling nonprofit mission requires planning for financial thrivability that will strengthen the organization’s capacity to serve our community,” said Debra Jacobs, president and CEO of The Patterson Foundation. “These organizations demonstrate the leadership, willingness, readiness, capacity and culture necessary to undertake this journey toward greater entrepreneurial capacity. Early investors who participate in the match will double their impact.”
Pledges, in-kind contributions and debt funding are not eligible to be matched.
The following organizations are seeking investors for their 2016 Margin & Mission Ignition earned-income plans:
- Charlotte Players
- Florida Maritime Museum
- Historic Spanish Point
- Literacy Council of Sarasota County
- Manatee Players
The following organizations are seeking investors for an expansion of an existing project or a second earned-income venture:
Follow Margin & Mission Ignition by visiting www.thepattersonfoundation.org or join the conversation using #TPFMarginMission on social media.
Learn about these and other concepts used in TPF's approach to philanthropy.
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