For-profit companies and nonprofit organizations may have different goals, but they share a common need to develop financial models that help their organizations thrive. Through Margin & Mission Ignition, nonprofits gain access to expert guidance so they can explore new ways to build thriving organizations with diverse revenue sources that sustain and extend their capacity to do good in the community. Participating nonprofit organizations are located in Florida’s Sarasota, Manatee, Charlotte, and DeSoto counties.
By engaging No Margin, No Mission, a national consulting firm and social enterprise, The Patterson Foundation is strengthening the efforts of people, organizations, and communities by igniting interest in earned-income possibilities and ensuring nonprofits have access to expertise and resources to develop entrepreneurial, revenue-generating plans to support and expand their missions in a resource-challenged world.
To provide further impact, Margin & Mission Ignition created a series of four webinars in 2018 designed to help nonprofit leaders, board members, and other stakeholders understand the importance of earned income and how it can contribute to helping NPO's become stronger and more thrivable. Margin & Mission Ignition is offering this opportunity once again in 2019 and is open to nonprofits registered on The Giving Partner.
Register for the Free Margin & Mission Ignition 2019 Earned-Income Webinars.
Click on frequently asked questions below to learn more about this initiative...
Why does The Patterson Foundation support this initiative?
The Patterson Foundation believes in the power of strengthening the efforts of people, organizations, and communities through philanthropy. By supporting this initiative, The Patterson Foundation is providing the opportunity for nonprofits in our region to learn about earned-income opportunities. Nonprofits that meet participation criteria will learn and share with each other as they go through the 30-month process to develop and implement an earned-income plan. Rather than providing grants to nonprofits, the foundation is providing access to expertise through its engagement with No Margin, No Mission.
Why is this initiative called Margin & Mission Ignition?
When margin grows in a nonprofit, it provides an opportunity to expand the organization's mission. This initiative is about igniting interest in earned-income, exploring possibilities, and sharing and connecting experiences, as well as planning and implementing earned-income strategies with nonprofits throughout Southwest Florida.
How do nonprofit organizations get involved in Margin & Mission Ignition?
The Margin & Mission Ignition initiative follows this process:
- Nonprofits that attend the labs, meet all participation criteria, and demonstrate alignment of leadership, willingness, readiness, capacity, and culture are invited to apply for the 30-month earned income business planning and implementation process.
- Nonprofits selected will be coached to create and implement viable earned-income plans.
- Participating nonprofits will present business plans to investors, donors, and funders in a "fast-pitch" presentation designed to attract needed startup/growth capital.
- Participating nonprofits will be mentored as they implement earned-income plans.
- Participating nonprofits will learn and share from each other at key times.
- Consultants will track and monitor progress for a year following the implementation of the earned-income plans.
Is there a fee to participate?
The Patterson Foundation covers all expenses associated with the educational labs, consultation, and technical assistance for earned-income plan development, implementation, and monitoring. Participating organizations must allocate sufficient staff time and talent to ensure full engagement throughout the initiative.
Which nonprofit organizations are part of Margin & Mission Ignition?
Will The Patterson Foundation fund earned-income projects?
The Patterson Foundation is committed to providing the expertise for nonprofits to learn about earned-income opportunities and, for those that meet participation criteria, to design and implement earned-income plans. The Patterson Foundation does not anticipate being a primary source of startup capital for earned-income projects but has incentivized mission investments through matching challenges.
Who can I contact about the Margin & Mission Ignition initiative?
For more information, contact initiative consultant Michael Corley: firstname.lastname@example.org.
Margin & Mission Ignition helps nonprofits explore new ways to build thriving organizations with diverse revenue sources